Consumer Prices Rise 0.3%
Washington, July 16--Consumer-price inflation moderated in June, supporting the Federal Reserve's assessment that the surge in prices recorded earlier this year probably was the result of temporary forces.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Bayer to Spin Off Lanxess
Frankfurt, Germany, July 16--Bayer AG will spin off its Lanxess chemicals and polymers unit to shareholders and list it separately on the stock exchange at the beginning of next year, the German chemicals and drugs group said on Friday.
Women Rug Designers Making a Mark
San Francisco, CA, July 15--An emerging set of female rug designers is creating vivid, painterly prints -- turning what's underfoot into unexpected art galleries, according to the San Francisco Chronicle.
Business Inventories Up in May
Washington, July 15--Businesses increased their stockpiles in May, but the inventory growth failed to keep pace with steadily rising demand.
Interceramic Sees Gains in 2nd Quarter
Chihuahua, Mexico, July 15--The second quarter of 2004 saw Interceramic posting significant improvements over second quarter results in 2003, and marking gains over a lackluster first quarter of the year as well.
Lowe's CFO: Plenty of Room to Grow
Boston, MA, July 15-- Because Lowe's Cos. and its largest competitor have just 22% of the home improvement market share, there is plenty of room for the company to grow, Chief Financial Officer Bob Hull said.
Producer Prices Ease in June
Washington, July 15--Inflation in the production pipeline eased in June as economic activity cooled, validating the Federal Reserve's judgment that it will not need to raise interest rates aggressively this year.
CRI Launches International Flooring Science Resou
Dalton, GA, July 15--The Carpet and Rug Institute (CRI) today announced the launch of the International Flooring Science Resource Center. The website will serve as the home for the new peer reviewed publication the International E-Journal of Flooring Scie
Faus Adds Technical Director
Dalton, GA, July 15--Faus Group, Inc. has appointed Stan McMackins the National Technical Director.
Solutia Explores Sale of Pharmaceutical Business
St. Louis, July 14--The European subsidiary of bankrupt chemicals concern Solutia Inc. has tapped an investment banking firm to help explore the possible sale of its pharmaceutical services business.