Salary Increases Expected to Stay Below 4% This Ye
New York, NY, June 6--Salary budgets will average only 3.5 percent this year and will remain at this level next year as well, according to a report from the Conference Board.
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.
Citigroup Buys Federated, May Credit Portfolios
New York, NY, June 6--Citigroup has agreed to buy the credit card receivables portfolios of Federated Department Stores Inc. and May Department Stores Co. following the merger of the two retailers.
Omnova Solutions Finalizes Labor Contract
Fairlawn, OH, June 6--Omnova Solutions said that employees at its Mogadore, Ohio facility represented by the International Chemical Workers Council and its Local 419-C of the United Food and Commercial Workers Union have ratified a new contract with the c
Hovnanian Orders Up in May
Fairlawn, OH, June 6--Homebuilder Hovnanian Enterprises Inc. said the value of its contracts rose 34.3 percent in May from a year ago, while the number of net contracts rose nearly 17 percent as acquisitions and joint ventures helped offset a decline in C
AGC Calls US Cement Shortage Dire
Washington, D.C., June 6--The Associated General Contractors of America called on Commerce Secretary Gutierrez to intervene in the increasingly dire supply for cement in the U.S. before major economic disruptions occur.
Ohio Retailer Expands, Consolidates
Franklin, OH, June 6--Buddy's Carpet and Flooring has replaced three Cincinnati-area stores with larger ones. It will also open an expansion location this week, according to the Cincinnati Enquirer.
Polish Ceramic Producer Goes Public
Warsaw, Poland, June 6--Poland's leading ceramic-tile producer, with 26 percent of the market, has released a new schedule for its public offer, according to which the firm will enter the bourse on June 24.
Solutia Union Vote Scheduled This Week
Pensacola, FL, June 6--About 700 Solutia employees will vote next Thursday and next Friday on whether to join the United Steelworkers of America or keep their plant union-free, according to the Pensacola News Journal.
Non-Manufacturing Growth Slows
Tempe, AZ, June 3--Business activity in the non-manufacturing sector increased in May 2005, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business.
Planned Job Cuts Up in May
New York, NY, June 3--Planned layoffs in the United States jumped 42 percent in May from April, led by hefty job cuts in the computer industry, a report said.