Durable Goods Orders Drop
Washington, DC, Feb. 26--Durable goods orders tumbled in January amid the largest drop in transportation equipment demand since 2002.
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.
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.
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.
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.
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.
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.
Group Can't Block Sale of Cone Mills
Charlotte, NC, Feb. 25--A committee in the Cone Mills Corp. bankruptcy case failed to meet a midnight deadline to post a $35 million bond that would have stalled the sale of the company to WL Ross & Co.
Bankruptcy Court Approves Armstrong Land Sale
Lancaster, PA, Feb. 25--Armstrong World Industries' agreement to sell surplus, vacant land to the owner of B&B Yamaha has been approved by a bankruptcy court judge.
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.