Factory Orders Up in May
Washington, DC, July 5, 2006--Orders for factory goods rose 0.7% in May, the Commerce Department estimated Wednesday.
Today's Flooring News
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Construction Spending Off in May
Washington, DC, July 3, 2006—Construction spending were off 0.4% in May, the biggest decline since September 2004, according to the Commerce Department estimated Monday.
Feltex Under Fire Over Silence
Wellington, New Zealand, June 30, 2006--Feltex's board is under fire for keeping shareholders in the dark as they await news on a potential lifeline for the troubled carpet maker that is likely to dilute their stakes.
European Patent Office Grants 'Small Strips
Viken, Sweden, June 28, 2006--The European Patent Office has granted a patent protecting so-called "Small Strips" to Välinge Innovation.
Mohawk Intros Passport Collection
Sugar Valley, June 28, 2006--Mohawk Select’s Summer introductions promise to help dealers move even more rugs out of their stores.
Tarkett to Close Brookneal Virginia Plant
Brookneal, VA, June 27, 2006--Brookneal’s second largest employer, Tarkett Wood Inc., is shutting its doors at the end of August, leaving 50 people without work.
Higher Monthly Costs a Barrier to Homeownership
Washington, DC, June 27, 2006--One out of three Americans worries that rising monthly payments--especially property taxes and energy costs--will force them to sell their home and buy a less expensive one.
Steelcase 1Q Earnings Up
Grand Rapids, MI, June 26, 2006--Steelcase said Monday its first-quarter profit more than doubled on higher sales and lower restructuring costs.
72% of Homes Have Web Broadband
New York, NY, June 23, 2006-- Nielsen//NetRatings announced today that nearly three-quarters of U.S. active Web users were connected at home via broadband in May, growing 15 percentage points over a year ago.
Durable Goods Orders Off in May
Washington, DC, June 23, 2006--Led by a big drop in orders for aircraft, U.S.-made durable goods fell 0.3% in May, the second decline in a row, according to the Commerce Department.