Economists Lower U.S. Growth Forecasts
New York, NY, May 21--Economists have cut their U.S. growth forecasts for the current quarter and the whole of 2003, a Federal Reserve Bank of Philadelphia survey said.
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.
Asbestos Study Group Gives Statement
Washington, DC, May 21--The following is a statement of the Asbestos Study Group regarding Senator Hatch's asbestos reform proposal:
Retailer and Partners Build Green Home
Seattle, WA, May 21--Environmental Home Center, a Seattle-based retailer of sustainable building materials, brought together its suppliers to donate materials, time and services to help construct the first Built Green(TM) certified Habitat for Humanity ho
Shaw's Barron Selected GTMA Chairman
Dalton, GA, May 21--William A. Barron, Jr., vice president of manufacturing for Shaw Industries, was recently elected chairman of the Association of Georgia's Textile, Carpet and Consumer Products Manufacturers, according to the Dalton Daily Citizen.
Home Depot Continues Cost Cutting
Atlanta, GA, May 20--Home Depot's sweeping effort to cut costs has spread to its relationships with independent contractors who stock and maintain merchandise in stores, and some of them aren't happy about it, according to the Atlanta Journal Cons
Judge Lets Suit Against Stewart Proceed
New York, NY, May 20--A judge ruled Monday that an investor lawsuit against Martha Stewart's company may proceed through the discovery process.
Pergo/Witex Merger On Hold
Trelleborg, Sweden, May 20--In April, Pergo's acquisition of Witex was postponed to sometime in May because financing for the new group had not yet been secured in a manner acceptable to the parties.
Home Depot Has Record First Quarter Earnings
Atlanta, GA, May 20--The Home Depot, the world's largest home improvement retailer, today reported record first quarter net earnings of $907 million ($0.39 per diluted share) for fiscal 2003, compared with net earnings of $856 million ($0.36 per dilut
Hatch to Introduce Asbestos Bill Thursday
Washington, DC, May 20--The Republican senator crafting legislation to curb asbestos lawsuits said on Monday he would introduce a bill this week, and he appeared to have picked up a pledge of co-sponsorship from at least one Democrat.
Radici Group Signs European License Agreement for
Milan, Italy, May 16--The Radici Group today signed a master license agreement to produce and sell Ingeo fiber, a new technology that allows man made fibers to be derived from 100 percent annually renewable resources.