CEO Confidence Weakens
New York, NY, October 17, 2005--Chief executives’ confidence fell to its lowest level in four years, The Conference Board reports today in its latest survey of CEOs.
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.
UK’s Flowcrete to Acquire Ivory Industrials
Sandbach, England, October 17, 2005--Flowcrete has signed agreement to acquire Ivory Industrials, South Africa's largest and longest-established resin flooring company.
Bedrosians Tile & Store Expands in California
Fresno, CA, October 17, 2005---Bedrosians Tile & Stone acquired a 375,000-square-foot building in Anaheim, California.
Indian Government Calls for Carpet Industry to Add
Varanasi, India, October 17, 2005—The Indian government has called for technology-aided value addition to the quality of carpets manufactured in Varanasi-Mirzapur-Bhadohi belt so that the internationally-acclaimed products could continue to compete in the
Connor Announces Partnership for NCAA Men's an
Salt Lake City, UT, October 17, 2005--Connor Sport Court International announced a new, expanded partnership in which Connor Hardwood Courts becomes the official court surface for both the NCAA Men's and Women's Final Four.
Saks Swings to Profit in 2Q
Birmingham, AL, October 17, 2005--Saks Inc. in its second fiscal quarter reported net income of $8.2 million, or $0.06 per share, compared with a loss of $25.3 million, or $0.18 per share, a year earlier.
Foamex Receives Final Court Approval for $320 Mill
International announced that the U.S. Bankruptcy Court for the District of Delaware has granted final approval for the Company's $320 million debtor-in-possession (DIP) financing.
Industrial Production Falls 1.3% in September
Washington, DC, October 14, 2005--Industrial production dropped by 1.3% in September as Hurricanes Katrina and Rita knocked out oil rigs and refineries along the Gulf Coast.
Consumer Price Index Up 1.2%
Washington, DC, October 14, 2005--The consumer price index for September rose a bigger-than-expected 1.2%, according to a Labor Department report. It was the fastest pace in consumer inflation more than 25 years.
Retail Sales Rise 0.2% in September
Washington, DC, October 14, 2005--Retail sales rose 0.2% in September.