New York Manufacturing Activity Drops
Washngton, DC, March 15, 2007--Manufacturing activity in the New York area came to a virtual standstill in March, the New York Federal Reserve Bank said Thursday.
Today's Flooring News
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PPI Up 1.3% in February
Washington, DC, March 15, 2007--Wholesale prices unexpectedly jumped 1.3% in February, the Labor Department reported Thursday. Increases in the producer price index for finished goods were broad-based.
AIA Releases Documents on Demand eShop
Washington, DC, March 15, 2007--The American Institute of Architects (AIA) introduces the release of the AIA Documents on Demand eShop.
Lumber Prices Rise on Talk of Production Cuts
Chicago, IL, March 15, 2007--Talk that some western Canadian sawmills would be scaling back lumber production sent Chicago Mercantile Exchange lumber futures up sharply on Wednesday, trade sources said.
Home Builders Assess Risky Mortgage Exposure
New York, NY, March 15, 2007--Home builders are assessing their exposure to home buyers with weak credit histories amid a subprime mortgage lender crises.
Karastan Makes Statement in Dining by Design
Dalton, GA, March 15, 2007--Karastan continually demonstrates its commitment to high style by participating in celebrity events.
Commercial/Multifamily Mortgage Debt Up in 2006
Washington, DC, March 15, 2007--At the end of 2006, $2.95 trillion in commercial/multifamily mortgage debt outstanding was recorded by the Federal Reserve.
Blake Defends Nardelli
Atlanta, GA, March 15, 2007--Frank Blake, chairman and CEO, Home Depot, defended predecessor Bob Nardelli on Wednesday against criticism he received over the company's lagging stock price and even referred to him as a mentor.
Furniture Brands Expects Q1 Sales to Drop 15%
St. Louis, MO, March 15, 2007--Furniture Brands International Inc. expects its first-quarter net sales to drop nearly 15 percent.
Pfleiderer Makes Temporary Executive Shifts
Nuemarkt, Germany, March 15, 2007--Pfleiderer AG said that following the illness of Hans H. Overdiek, the supervisory board of Pfleiderer AG has appointed Michael Ernst temporarily