GDP Up 4.1% in 4th Quarter
Washington, D.C., Feb. 27--The U.S. economy was a bit stronger in the final three months of 2003 than earlier projected as the government raised its estimates on spending by consumers and businesses.
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.
Weyerhaeuser To Sell Two Saskatchewan Mills
Prince Albert, Saskatchewan, Feb. 27---As part of its effort to improve strategic focus and competitiveness, Weyerhaeuser Co. intends to sell two mills in Saskatchewan.
Jobless Claims Up
Washington, DC, Feb. 26--Initial jobless claims climbed by 6,000 last week to a seasonally adjusted 350,000, the Labor Department reported Thursday.
Textile Companies Move Closer to Consolidation
Greensboro, NC, Feb. 25--International Steel Group Chairman Wilbur Ross moved a step closer to consolidating two of North Carolina's major textile companies Tuesday.
Durable Goods Orders Drop
Washington, DC, Feb. 26--Durable goods orders tumbled in January amid the largest drop in transportation equipment demand since 2002.
New-Home Sales Off
Washington, DC—Feb. 26--Demand for new homes fell to the lowest level in eight months in January, but sales didn't drop as far as analysts expected.
Foam Products Extends Warranties
Calhoun, GA, Feb. 29--Foam Products Corporation announces that on all Sta-Put polymeric foam non-skid area rug pads the warranty will be for the life of the rug.
Existing-Home Sales Down
Washington, Feb. 25--Sales of existing single-family homes were down in January from near-record highs but remain exceptionally strong.
Thomasville City Council OKs Incentives for Unilin
Thomasville, NC, Feb. 25--The Thomasville City Council agreed to extend a $3.36 million economic incentives package to Unilin Decor Monday.
Lowe’s is Fortune's “Most Admired” Specialty
Mooresville, NC, Feb. 25--Lowe’s Companies, Inc. is the most admired specialty retailer in America for the second year in a row, according to the FORTUNE 2004 rating of Most Admired Companies.