Employment Costs Rising at Slower Rate
Washington, DC, April 29--The employment-cost index rose 0.7% after a 0.8% increase in the fourth quarter of 2004, 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.
Armstrong Launches Redesigned Website
Lancaster, PA, April 28--Armstrong today announced the redesign of its award-winning web site, Armstrong.com to help consumers walk through the steps necessary to find the right floor for their needs.
Help-Wanted Index Drops 2 Points
New York, NY, April 28--The Conference Board’s Help-Wanted Advertising Index – a key barometer of America’s job market – slid two points in March.
Georgia-Pacific 1Q Earnings Up
Atlanta, GA, April 28--Georgia-Pacific reported a higher first-quarter profit as price increases helped offset higher raw material costs across its businesses.
Office Furniture Shipments Off in 1Q
New York, NY, April 28--Shipments, backlogs and incoming orders for office furniture are slowing this quarter.
Homebuilder Beazer Earnings Off in 2Q
Atlanta, GA, April 28--Beazer Homes USA said Thursday that it swung to a loss in the fiscal second quarter after writing down the value of some underperforming operations.
CarpetsPlus Color Tile Unveils Private Labeled Har
Chattanooga, TN, April 28--CarpetsPlus Color Tile recently unveiled its new hardwood program to attending members at its annual winter convention held in Phoenix, AZ.
Centex 4Q Profit Up 23%
Dallas, TX, April 28--Centex Corp. said fourth-quarter profit surged 23 percent, driven by a greater number of home closings and higher average selling prices.
Louisiana-Pacific Beats 1Q Estimates
Portland, OR, April 28--Louisiana-Pacific said strong housing starts and higher prices for its wood paneling propelled first-quarter earnings above analysts' expectations.
GDP Slows to 3.1% in 1Q
Washington, DC, April 28—-Gross domestic product in the first quarter grew at a 3.1% seasonally adjusted annual rate, according to estimates from the Commerce Department.