Bernanke: Slower Growth will Reduce Inflation
Washington, DC, July 20, 2006--Rising oil and other prices remain a concern but Federal Reserve chief Ben Bernanke is counting on moderating economic activity to get inflation under control.
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.
Sherwin-Williams 2Q Earnings Up
Cleveland, OH, July 20, 2006--Paint maker, retailer Sherwin-Williams in the second quarter reported earnings that were up 20.5%, to $184.6 million.
High Gas Prices Stifle Spending
New York, NY, July 19, 2006--Due to rising gasoline prices, 53 percent of U.S. households now are reducing their discretionary spending.
H. Hendy Gets Two Shaw Contract Awards
New Port Beach, CA, July 18, 2006--Architectural firm H. Hendy Associates, announced it has secured two of the eight nominations by Shaw Contract Group for its prestigious Shaw Contract Group Design.
TechCana Gets Bridge Financing
St. Felicien, Quebec, July 18, 2006--TechCana announced that it has been granted bridge financing for a total amount of $1,000,000 for its working capital needs until the closing of the transaction pertaining to the acquisition of certain assets from Domt
Factory Output and Capacity Use Up in June
Washington, D.C. July 17, 2006--U.S. factory output, along with output in utilities and mines rose 0.8% in June, as capacity use also rose, possibly stirring inflation fears.
Carpetright, Dealing with a Downturn and Competiti
Birmingham, England, July 13, 2006--Already hit by a housing downturn, Carpetright is suffering from rivals competing on style and price.
Chain Store Sales Inch Up Last Week
New York, NY, July 11, 2006--Weekly chain store sales posted their first increase in four weeks on a slight uptick of 0.2 percent, an industry group said Tuesday.
QuickStep Launches “Soft-Scraped” Laminates
Dallas, Texas, July 11, 2006--QuickStep is heating things up this summer with newly launched laminate flooring designs in its popular Country, Eligna, and Perspective 4 lines.
New York Man Admits Fraud in Internet Flooring Sal
Albany, NY, July 10, 2006--A 51-year-old Rensselaer man has pleaded guilty in federal court to mail fraud in his Internet-based flooring business.