Fed Notes Slow Job Growth Amid Economic Expansion
Washington, D.C., Mar. 4-- Employment is growing slowly as the U.S. economy continues to expand, the Federal Reserve reported Wednesday.
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.
Shaw's R2x Stain and Soil Remover a Hit with D
Dalton, GA, Mar. 4--Shaw Industries is reporting an excellent response to its new R2x Stain and Soil Remover.
Federated Boosts 1st Quarter Outlook
Cincinnati, OH, Mar.4--Federated Department Stores reported a better-than-expected 9 percent jump in February sales at stores open at least a year and raised its first-quarter earnings forecast.
Unifi Cuts 2 Plants
Greensboro, NC, Mar. 3-- Unifi is closing two plants, cutting back at another and eliminating nearly 400 jobs, or about 10 percent of its work force, to cut costs in response to the slump in the textile business.
Louisiana-Pacific Lowers 4th Quarter Earnings
Portland, OR, Mar. 2--Louisiana-Pacific Corp. said it lowered its fourth-quarter earnings because of a change to its legal reserves stemming from a recent adverse court ruling.
Research Firm: Brand Loyalty to Martha Stewart Imp
Dallas, TX, Mar. 3-- As Martha Stewart's well-publicized case goes to a jury, people may still be buying her paint, flooring and furniture, Martha Stewart Everyday towels and bedding and, Martha Stewart Living magazines.
Costco's Earnings Up 25% in the 2nd Quarter
Issaquah, WA Mar. 2--Costco Wholesale Corp. said fiscal second-quarter earnings jumped 25%, as sales were boosted by stronger foreign currencies and the recently ended grocery strike in southern California.
Greenspan: Rates Must Rise At Some Point
Washington, Mar. 3--Interest rates are too low for long-term economic stability and will have to rise at some point, Federal Reserve chairman Alan Greenspan said.
Hospitals to Boost Spending
New York, Mar. 3--Hospitals plan to boost capital spending by 14% annually over the next five years, a new survey shows, a move that could squeeze many hospital systems' already thin profits.
New Flooring Fights Bacteria
Montpellier, France, Mar. 3--A new range of polyurethane resin-based floor systems that combines an antimicrobial layer has been launched.