Armstrong Names New VP of Business Development
Lancaster, PA, June 10, 2008--Armstrong has named John F. Breuninger vice president - Business Development.
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.
Laticrete Names Owens National Accounts Manager
Bethany, CT, June 10, 2008--Laticrete has appointed James “Jay” Owens national accounts manager, Daltile.
Unemployment Rate Surges to 5.5 Percent
Washington, DC, June 6, 2008--Unemployment jumped to 5.5 percent in May, the biggest monthly rise in 22 years, as employers cut 49,000 jobs.
Shoppers Keep on Spending, Discounters Benefit
Washington, DC, June 6, 2008--Shoppers spent more than anticipated at discount and wholesale stores in May and boosted U.S. retail sales, due perhaps in part to federal stimulus checks.
CEO: Home Depot Won't Quit Installation Business
Atlanta, GA, June 5, 2008--Home Depot's CEO doesn't expect the company's home installation business to grow, but he said there are no plans to leave the struggling business.
Oil Prices Spike After Analyst Predicts $150
Washington, DC, June 6, 2008--Oil prices have been on a rollercoaster over the last few days.
Wholesale Inventories Decline, Sales Rise
Washington, DC, June 6, 2008--Wholesale inventories posted their first decline in more than a year, as wholesale sales rose more than twice as fast as expected, the Commerce Department said.
Omnova Solutions Raising Prices Again
Fairlawn, OH, June 6, 2008--Omnova Solutions is raising prices by $0.20 per dry pound on styrene butadiene latex for carpet and related markets, effective June 9.
Propex Raising Prices 6% as Costs Increase
Chattanooga, TN, June 5, 2008--Propex Inc., the major supplier of primary and secondary carpet backing to the carpet industry, said it will raise prices 6 percent effective July 2.
Persian Rug Sold at Auction for $4.45 Million
Providence, RI, June 6, 2008--A silk Persian rug dating from the 16th or 17th century has sold for a record $4.45 million at auction.