Economists Lift Second-Half Forecasts
New York, NY, Sept. 12--The U.S. economy is expected to record its strongest pace of growth during the second half of 2003 since the late 1990s.
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.
New Technology Converts Wood Residue To Fuel
Vancouver, BC, Sept. 12--DynaMotive Energy Systems Corp., Bruks Klockner and UMA Engineering announced today that a preliminary evaluation of a waste-to-energy system capable of converting wood residue into BioOil has been completed.
Labor Department To Aid Pillowtex Workers
Washington, DC, Sept. 11--The government on Wednesday cleared the way for special aid to 5,000 former Pillowtex Corp. workers who lost their jobs when the sheet and towel maker gave in to foreign competition and shut its 16 plants in July.
Court Approves Settlement In Solutia PCB Case
St. Louis, MO, Sept. 11--Solutia Inc. has announced court approval of final agreements implementing the settlement of the Abernathy and Tolbert PCB cases against the company in Alabama. Preliminary agreement on the resolution of these cases was announced
Mortgage Delinquencies Rise
New York, NY, Sept. 11--Mortgage delinquencies rose in the second quarter, a sign that Americans are still struggling to keep up with debt payments despite recent evidence of an improving economy.
Home Depot CEO Sees No Impact From Rising Rates
Atlanta, GA, Sept. 11--Home Depot Chairman Robert Nardelli said on Wednesday the home improvement retailer has not seen an impact on its business from an increase in interest rates.
Pillowtex Bonus Dispute Intensifies
Kannapolis, NC, Sept. 11--With a court date scheduled for Friday, opposition is mounting to Pillowtex Corp.'s plans to pay millions of dollars in bonuses to top executives and other managers who are liquidating the company, according to the Charlotte
HUD Could Lose Control Of Housing Loan Programs
Washington, DC, Sept. 11--The Bush Administration’s recommendation before Congress today would gut the Department of Housing and Urban Development’s role as our nation’s primary housing advocate by removing the agency’s current mission oversight of Fannie
Witex Begins Fall Promo
Kennesaw, GA, Sept. 11--Witex USA, Inc. is pleased to announce the Fall Dash for Cash, a fall spiff that the company is running on the sale of products from both the Witex and Laura Ashley branded flooring lines.
Pergo Wins Appeal
Trelleborg, Sweden, Sept. 11—The U.S. Court of Appeal for the Federal Circuit has affirmed the ruling from the U.S. International Trade Commission (ITC) from March 2002.