Architecture Billings Index Hits 1 Year High
Washington, DC, July 18, 2007--Following an almost three- point spike in May, the Architecture Billings Index zoomed up more than four points in June, reaching its highest mark of the year.
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.
Report: Economy to Benefit from Higher Bond Yields
New York, NY, July 18, 2007--The Conference Board says today that after a very long wait, long-term Treasury bond yields have begun to reflect a better outlook for the U.S. economy.
Formica Intros Cordelia Collection
Barnwell, SC, July 18, 2007--Formica Flooring has created a new Cordelia Collection.
June Housing Starts Up 2.3% After May Decline
Washington, DC, July 18, 2007--Housing starts rose 2.3% to a seasonally adjusted 1.467 million annual rate in June, according to the Commerce Department. In May starts were off 3.4% to 1.434 million, adjusted from an originally estimated 2.1% decline.
Report: KKR Mulling Macy's
New York, NY, July 18, 2007--Private equity firm Kohlberg Kravis & Roberts Co. is studying a bid to buy Macy's Inc. for about $24 billion, according to an online trade report.
Consumer Prices Index Up 0.2%
Washington, DC, July 18, 2007—The consumer prices index rose 0.2% in June, the smallest gain in five months, according to the Labor Department.
Carpet One's “Turns it On” Convention Winds Up
Cincinnati, OH, July 18, 2007-- Carpet One Floor & Home held its annual summer convention this week in Cincinnati at the Duke Energy Convention Center.
RugSale.com Improves Customer Check-Out
Holyoke, MA, July 18, 2007--Online area rugs retailers, RugSale.com, has changed it's check out process reducing the number of steps by more than two thirds.
Rona May Get Takeover Bid from Lowe's
Montreal, Quebec, July 18, 2007--Canadian hardware retailer Rona Inc. could face a takeover bid from Lowe's within the next six months, says an industry watcher.
Pulte Expects Sizable 2Q Loss
Bloomfield, MI, July 18, 2007--Pulte Homes said it expects to report a hefty loss from continuing operations for the second quarter, due to large charges and a worsening consumer environment.