Construction Spending Off in April
Washington, DC, June 2, 2006--Construction spending fell 0.1% in April, dragged down by a 1.1% drop in spending on home construction, the Commerce Department said Thursday.
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.
Jobless Rate Falls to 4.6%, Job Growth Weak
Washington, DC, June 2, 2006--The unemployment rate ticked lower in May to 4.6% from 4.7% in April, according to the Labor Department.
Retailers Sales Up in May
New York, NY, June 2, 2006--Defying rising gasoline and utility prices and extending their April shopping spree, consumers rushed to shopping centers and malls in May.
Hakatai Intros Aventurine Series
Ashland, OR, June 2, 2006--Hakatai Enterprises Inc., importer and distributor of glass mosaic tile, introduced Aventurine Series ¾” x ¾” glass tile.
Opoczno Opens Russia Subsidiary
Warwaw, Poland, June 2, 2006--Polish ceramic tiles maker Opoczno registered a subsidiary to handle sales in Russia.
Many Still Critical of Home Depot
Atlanta, GA, June 2, 2006--In the wake of Home Depot Inc.'s annual meeting flap, observers say the home improvement giant's board may have created some unintended consequences.
StarNet Announces Design Award Winners
Ridgefield, CT, June 2, 2006--StarNet Commercial Flooring Cooperative announced its eighth Annual Design Award recipients at its recent annual meeting in Bal Harbour, Florida.
Initial Jobless Claims Rise
Washington., DC, June 1, 2006--Initial claims for unemployment benefits rose last week to the highest level since October, the Labor Department reported Thursday.
BASF to Increase Styrene-Butadiene Latex Prices
Charlotte, NC., June 1, 2006 -- Effective June 19, 2006, or as contracts allow, BASF will raise prices by three cents per dry pound in the United States and Canada on all Styrofan carboxylated styrene-butadiene emulsion polymer products.
European Economy in Solid Turnaround
New York, NY, June 1, 2006--For the first time in six years, the gap between real Gross Domestic Product growth in the euro area and real GDP growth in the U.S. is expected to narrow in 2006.