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.

PPI Up 1% in July

Washington, DC, August 17—-Producer prices rose 1% in July due to higher energy and automobile prices, according to a Labor Department report.

Rainham, England, August 17--Britain's biggest carpet retailer Carpetright yesterday blamed weak consumer spending and disruption caused by the London bombings for a sharp fall in sales over recent weeks.

Mortgage Activity Up for First Time in Month

New York, NY, August 17--Applications for home mortgages climbed last week, snapping a three-week decline, as interest rates fell for the first time since June, an industry group said on Wednesday.

Houston Cleaning Service Joins Bio-Solutions

Hattiesburg, MS, August 16-- Bio-Solutions Franchise Corp., the exclusive marketing company for Bio-Solutions Manufacturing announced that Allison & Sons, has acquired the EcoSafe Cleaning Service franchise for Houston and Harris County, Texas.

Study: More Recycling Would Benefit Georgia’s Econ

Atlanta, GA, August 16--Digging through 60 tons of trash taught researchers a lesson - what's good for the garbage dump, they say, also is good for Georgia's economy.

J.C. Penney 2Q Income Up 79%

Plano, TX, August 16--J.C. Penney in the second quarter reported income from continuing operations that rose 79% to $22 million, or $0.46 a share, up from a year-ago equivalent profit of $68 million, or $0.22 a share.

Wal-Mart 2Q Earnings Up 6%

Bentonville, AR, August 16--Wal-Mart reported second-quarter earnings that rose 6% to $2.8 billion, or $0.67 per share. The company reported sales that were up 10.2% to $76.8 billion.

Industrial Production Inches Up 0.1%

Washington, DC, August 16--Output at the nation's factories, mines and utilities rose by a modest 0.1% in July, according to a Federal Reserve report.

Housing Starts Slip 0.1% in July

Washington, DC, August 16--Housing starts fell 0.1 percent in July from a four month high in June, according to the Commerce Department.

Patcraft Commercial Carpet Unveils Pinstripe Tile

Dalton, GA, August 16--Bold graphic stripes and a visual color texture combine to create Pinstripe Tile’s stylized geometry, a new product from Patcraft Commercial Carpet.