Retail Sales Log Unexpectedly Big Rise
Washington, DC, Apr. 13--U.S. shoppers turned out in force in March, a Commerce Department report on Tuesday showed, pushing retail sales to their strongest gain in a year.
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.
Ex-Foamex Auditor Found Reportable Conditions
Linwood, PA, Apr. 13--Former Foamex International Inc. auditor Deloitte & Touche LLP said it identified reportable conditions at the company during the year ended Dec. 31, 2003.
Fed's Parry Gives Opinion on Rates
New York, NY, Apr. 12--U.S. interest rates cannot remain at their 1958 lows forever and will have to rise at some point, perhaps to 3.5%, Federal Reserve Bank of San Francisco President Robert Parry said.
Lumber Prices Ramp Up
Chicago, IL, Apr. 9--The recent spike in lumber prices is part of a broader pattern of increases for a building material essential to residential construction.
DuPont to Cut Workforce
Wilmington, DE, Apr. 12--DuPont today announced that it will reduce its global employee workforce, excluding Invista, by 6%, or 3,500 positions.
Lowe's to Open Three Flatbead Distribution Cen
Mooresville, NC, Apr. 10--Lowe’s said Thursday it expects to open three flatbed distribution centers in the year ending Jan. 28, 2005.
Jobless Claims Lowest in Three Years
Washington, DC, Apr. 8--The number of Americans filing new claims for unemployment benefits dropped last week to the lowest level in more than three years.
Asbestos Bill Revived by GOP Leaders
Washington, DC, Apr. 9--Top Senate Republicans are taking another stab at ending asbestos-related lawsuits by creating a nationwide trust fund to compensate victims.
March's Strong Jobs Performance Stirs Optimism
New York, NY, Apr. 9--Economists lifted their forecasts for job creation but not enough to change the outlook for unemployment or suggest the economy is picking up steam.
Members Named to Mohawk Advisory Boards
Dalton, GA, Apr. 9--Mohawk has announced its 2004 Advisory Board members for its Mohawk Floorscapes and Mohawk ColorCenter retail programs.