Consumer Sentiment Off in March
Ann Arbor, MI, April 1--The University of Michigan said its final measure of consumer confidence fell to 92.6 in March from 94.1 in February, according to market sources who saw the subscription-only report.
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.
Propex Announces Delay in Filing Annual Report
Austell, GA, April 1--Propex Fabrics Inc. announced that it will require additional time to complete the appraisal and revaluation of its assets under purchase accounting in connection with the company's acquisition on December 1, 2004.
Construction Spending Up 0.4% in February
Washington, DC, April 1--Construction spending rose 0.4 percent in February, according to a Commerce Department report.
Construction Springs Ahead—No April Fools’ Day Jok
Washington, D.C., April 1--The Associated General Contractors of America (AGC) commented on the value of construction put in place, which soared to a 13th consecutive record of $1.047 trillion at a seasonally adjusted annual rate, as reported today
U.K.'s Duralay on the Block
Lancashire, England, March 31—-The company which owns carpet underlay firm Duralay is on the market with a price tag of around £100m, according to the Manchester Evening News.
Saks May Be Contemplating Spin-Off
New York, March 31--Shares of Saks Inc. soared nearly 8 percent Wednesday amid a published report that said the department store operator plans to keep its Saks Fifth Avenue division and is lining up buyers for its regional mid-price department store grou
Interface and Jordan Kane Team Up on Wildlife Trus
New York, NY, March 30--Jordan Kane Floor Coverings said it has been selected to supply and install the flooring for the New Wildlife Trust project in New York City.
New Company Offers Stair Tread & Mats Online
Cleveland, OH, March 31--A-Mezz Industrial Structures opened a new Internet retail business today to service property and hotel managers, small contractors and homeowners.
StonExpress Becomes StarNet Vendor
Decatur, GA, March 31--The StarNet Commercial Flooring Cooperative recently named STONEXPRESS Inc. as a vendor in the group’s growing network.
Judge Strikes Down Retiree Health Care Regulation
Philadelphia, PA, March 31—-A Federal judge Wednesday barred the government from allowing companies to provide younger retirees with better health care benefits than they give to older ones who qualify for Medicare.