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.

2Q Employment Costs Show Moderate Increase

Washington, DC, July 29--The Labor Department reported that employment costs continued to gain moderately in the second quarter, at a 0.7 percent annual rate that matched the first quarter's pace.

2Q GDP Expands 3.4%

Washington, DC, July 29—-GDP rose at an annual rate of 3.4% in the second quarter, according to the Commerce Department. In the first quarter, real GDP increased 3.8%.

House Passes CAFTA

Washington, DC, July 28--The House narrowly approved a controversial trade agreement with Central America early Thursday, handing President Bush a hard-fought trade victory.

Dow Chemical 2Q Earnings Up

Midland, MI, July 28--Dow Chemical said its earnings nearly doubled in the second quarter as the company improved sales while keeping costs in check.

Georgia-Pacific's 2Q Sales and Earnings Off

Atlanta, GA, July 28—-Georgia-Pacific posted second quarter net earnings that fell to $194 million, or $0.73 a share, compared with $220 million, or $0.84, earned in the year-ago quarter.

Report: ProSource Adds 13 New Franchises

St. Louis, MO, July 28—-According to Martin Van Der Werf, a columnist at the St. Louis Post-Dispatch, ProSource Wholesale Floorcoverings, a unit of CCA Global Partners, announced 13 new franchise agreements.