Fed Raises Interest Rate for the First Time in Nearly a Decade
Washington, DC, December 17, 2015—The Federal Reserve raised the interest rate from a range of 0% to 0.25% to a range of 0.25% to 0.5% yesterday.
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.
Tarkett Joins in Panel Discussion on PVC at C2C Products Symposium
Solon, OH, December 17, 2015—In November, key representatives from Tarkett participated in the C2C Products Symposium and Innovation Celebration at The Conrad in New York City, New York.
Leading Economic Indicators Increase for Second Consecutive Month
Washington, DC, December 17, 2015—The Conference Board Leading Economic Index for the U.S. increased 0.4% in November to 124.6, following a 0.6% increase in October, and no change in September.
Mid Atlantic Floorcovering Association Holds Annual Dinner
Baltimore, MD, December 17, 2015—The Mid Atlantic Floorcovering Association, consisting of members from Maryland, Virginia and Pennsylvania, held its annual dinner meeting on November 17 at the Center Club in Baltimore, Maryland.
Trade Deficit Widens on Falling Exports in Q3
Washington, DC, December 17, 2015—The U.S. current-account deficit increased to $124.1 billion (preliminary) in the third quarter of 2015 from $111.1 billion (revised) in the second quarter, according to the Commerce Department.
Stifel Releases Outlook for Interface
Atlanta, GA, December 17, 2015—Analyst Stifel recently spent time with the leadership of Interface and released a report about its outlook for the company.
CCA Floors & Interiors, Inc. Acquires Canaday Industries
Alexandria, VA, December 15, 2015—CCA Floors & Interiors announced that it has acquired Canaday Industries of Newport News, Virginia.
Housing Starts Surged in November, Up 10.5%
Washington, DC, December 16, 2015—Privately owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,289,000, according to the Commerce Department.
Lexmark Carpet Names Rodney Mauter EVP of Residential Sales
Dalton, GA, December 16, 2015—Rodney Mauter has joined Lexmark Carpet as executive vice president of residential sales.
Nicki Rayburn Tapped as Director of PR & Communications for Shaw
Dalton, GA, December 16, 2015—Shaw Industries has named Nicki Rayburn as its new director of public relations and communications.