Jobless Claims Drop by 35,000
Washington, DC, October 20, 2005--First-time jobless claims dropped by 35,000 to 355,000 in the week ending Oct. 15, according to the Labor Department.
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.
More on the Merger Talks of Feltex and Godfrey Hir
Wellington, New Zealand, October 20, 2005--The canned merger between carpet-makers Feltex and Godfrey Hirst won't be revived, but sharing a wool-scouring facility or trading plants are options the rivals will explore within the next few weeks.
AIA’s Architecture Billings Index to be Available
Washington, DC, October 20, 2005 — The American Institute of Architects (AIA) officially introduced the Architecture Billings Index.
Leading Indicators Off 0.7%
New York, NY, October 20, 2005--The Conference Board announced today that the U.S. leading index decreased 0.7 percent, the coincident index decreased 0.1 percent and the lagging index increased 0.2 percent in September.
Leggett & Platt 3Q Earnings Off
Carthage, MO, October 20, 2005--Leggett & Platt posted third-quarter net income of $54 million, or 28 cents a share, compared with $80.2 million, or $0.41 a share, a year earlier.
Unifi to Explore Potential Merger or Sale
Greensboro, NC, October 20, 2005--Unifi Inc. said it is exploring various options, including a potential merger or sale of the company and restructuring of its outstanding debt.
Home Builders Continue OSHA Alliance to Improve Wo
Washington, DC, October 20, 2005--An ongoing working alliance between the National Association of Home Builders (NAHB) and the Occupational Safety and Health Administration (OSHA) was cemented by way of a formal re-signing ceremony attended by leaders of
Builder Confidence Returns to Pre-Katrina Levels
Washington, DC, October 19, 2005--Builder confidence in the market for newly built single-family homes rebounded by a couple of points in October to the same level at which it was gauged prior to hurricanes Katrina and Rita.
Linens N Things 3Q Earnings Off
Clifton, NJ, October 19, 2005--Linens N Things posted third-quarter earnings that declined profit tumbled 94 percent on weak sales.
Karastan Receives Home Magazine’s American Furnitu
High Point, NC, October 19, 2005--The Sumatra rug from Karastan is among 13 products being honored at Home Magazine’s Eleventh Annual American Furniture Awards.