Fed Not In Hurry To Raise Interest Rates
Washington, DC, Dec. 9--The Federal Reserve left interest rates at a 45-year low Tuesday and retained its controversial commitment to keep interest rates low for a "considerable period."
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.
Lowe's Expands Operational Divisions
Mooresville, NC, Dec. 10--Lowe's announced today the company will expand its operational structure to support its ongoing nationwide growth and ensure continued high customer service levels in its stores.
Wholesale Inventories Rise
Washington, DC, Dec. 9--Wholesale inventories rose in October by the largest amount in ten months as companies beefed up auto stocks.
Director Resigns From Lowe's Board
Mooresville, NC, Dec. 9--Lowe's announced today the resignation of Thomas D. O'Malley from its Board of Directors, effective immediately.
Congress To Fund Study Of Carpet As Alternative Fu
Dalton, GA, Dec. 9--The Carpet America Recovery Effort (CARE) received a boost when Congress appropriated a $300,000 grant for the study of carpet as an alternative fuel.
Dixie Group To Sell Former Headquarters
Chattanooga, TN, Dec. 10--The city of Chattanooga is planning to buy the former Dixie Group headquarters in Ridgedale for $315,000.
Georgia-Pacific To Combine Wood Units
Atlanta, GA, Dec. 9--Georgia-Pacific will combine its industrial wood products group with its structural panels and lumber units early next year to create a new wood products unit.
PACE Union President Comments On DuPont Restructur
Nashville, TN, Dec. 8--In a statement released today, Boyd Young, president of the Paper, Allied-Industrial, Chemical, and Energy Workers International Union (PACE), expressed concern over DuPont's announcement that it would slash jobs in the U.S. and
Cargill Dow Looking To Grow U.S. Customer Base
Minnetonka, MI, Dec. 9--Cargill Dow LLC did the chemistry, creating a tough, price-competitive biodegradable plastic from corn.
ASCR To Hold Auction For Ronald McDonald House Cha
Millersville, MD, Dec. 9--Tim Horrigan, president of the Association of Specialists in Cleaning and Restoration, announced today that the Association will conduct a live auction at its 2004 Annual Convention to benefit Ronald McDonald House Charities.