South Dakota Furniture Retailer Buys Carpet Store
Sioux Falls, SD, August 6, 2007--Montgomery's Furniture has purchased Abbey Carpet with plans to reopen the store under the Montgomery's umbrella.
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.
Cerberus Picks Nardelli to Head Chrysler
Detroit, MI, August 6, 2007--Former Home Depot boss Bob Nardelli has been named to head the No. 3 U.S. automaker in its effort to return to financial health.
Q.E.P. Postpones Annual Meeting
Boca Raton, FL, August 2, 2007--Q.E.P. Co. will postpone its 2007 Annual Meeting of Stockholders until Friday, August 24 because of a change in the slate of nominated directors.
Q.E.P. Settles $2.3 M of Its Put Warrant Liability
Boco Raton, FL, August 2, 2007--Q.E.P. Cosaid it had reached an agreement with The HillStreet Fund L.P. to settle and terminate the outstanding warrants issued to HillStreet.
Service Sector Growth Slows
Tempe, AZ, August 3, 2007--Business activity in the non-manufacturing sector increased at a slower rate in July 2007, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business.
FieldTurf Patents Upheld in U.S. Federal Court
Montreal, Quebec, August 2, 2007--The U.S. Federal Court has sided with FieldTurf in a patent dispute with Sports Construction Group LLC over its synthetic grass.
Canada Building Permits Still Run Strong
Ottawa, Ontario, August 3, 2007--Canada's construction sector showed little sign of slowing in June with the value of building permits slipping only 0.4% from a peak in May.
Employers Added Fewer Jobs Than Expected in July
Washington, DC, August 3, 2007--Employers added 92,000 jobs to their payrolls in July, as the unemployment rate unexpectedly rose 0.1% to 4.5%.
Employers Facing Tougher Immigration Rules
Washington, DC, August 3, 2007--Employers across the country may have to fire workers with questionable Social Security numbers to avoid getting snagged in a Bush administration crackdown on illegal immigrants.
Pfleiderer Cuts Jobs in Pergo Integration
Neumarkt, Germany, August 3, 2007--Pfleiderer AG said it will close sites and cut 180 jobs in North America to integrate the laminate flooring business of Pergo.