Personal Income, Spending Rise in June
Washington, DC, Aug. 4, 2008--Personal income rose 0.1 percent in June after surging 1.8 percent in May when the first wave of stimulus checks arrived, the Commerce Department said.
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.
Australian Carpet Maker Cuts Time, Saves Energy
Devenport, Australia, Aug. 4, 2008--Woven carpet manufacturer Tascot says it has improved the efficiency of heat transfer around two of its dye vats in a drive to improve their environmental impact.
J&J/Invision Using Backing Made With Lomax Process
Dalton, GA, Aug. 4, 2008--J&J / Invision said it is partnering with Dow Chemical to produce latex backing created with Dow's Lomax Technology, whichy uses landfill gas as renewable energy.
Construction Spending Continues To Drop
Washington, DC, Aug. 1, 2008--U.S. construction spending fell by 0.4 percent in June, the Commerce Department reported Friday. The decline was due to weaker outlays on housing and state and local construction.
Employers Shed Fewer Jobs Than Expected in July.
Washington, DC, Aug. 1, 2008--The U.S. unemployment rate rose to a four-year high of 5.7 percent in July as employers cut 51,000 jobs, according to the Department of Labor.
Oil Prices Continue To Fall on Economic Weakness
Singapore, Aug. 1, 2008--Oil prices continued to fall this morning in Asia on expectations that slowing economic growth in developed countries will cut demand for crude products, such as gasoline and heating oil.
Manufacturing Activity Flat in July
Washington, DC, Aug. 1, 2008--U.S. manufacturing activity was flat in July, the Institute for Supply Management reported Friday.
Armstrong Names New General Counsel
Lancaster, PA, Aug. 1, 2008--Armstrong World Industries, Inc.has appointed Jeffrey D. Nickel as senior vice president, general counsel and corporate secretary.
Altro Develops Recycling System for Safety Floor
Hertfordshire, England, July 31, 2008--Altro has set its sights on creating a closed loop recycling system for safety flooring after introducing the first in-house recycling system for the material.
Product Safety Commission Clears Artificial Turf
Washington, DC, July 31, 2008--The U.S. Consumer Product Safety Commission has determined that children are not at risk from exposure to lead in artificial turf grass fields, including rubber crumb types.