BP: Inexpensive Fuel Era Ending
Vienna, Austria, September 20--BP Plc chief executive officer John Browne says the era of cheap oil may be over because of tensions in the Middle East and persistent growth in demand, according to China Daily.
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.
Fed’s Straight Talk on Rates Avert Deflation
Washington, September 17--The Federal Reserve concluded that its new policy of talking more clearly about its interest-rate plans had a sizable impact on bond markets last year, helping to avert deflation when the Fed's main interest-rate target appro
Mannington Commercial Products Win Design Award
Calhoun, GA, September 15--Mannington Commercial was recently awarded the "2003 Good Design" Award for two products: the ArtCraft Collection of modular carpet tiles and Double Weave, an archtypical geometric pattern in 12' broadloom.
Scotty's Files Chapter 11
Winter Haven, FL, September 15--Scotty's Inc. has filed for protection from its creditors under Chapter 11 of U.S. bankruptcy law, according to the Lakeland Ledger.
Pakistan Carpet Export Decline
Lahore, Pakistan, September 13-- According to latest figures released by the State Bank, carpet exports from Pakistan declined from $19.6 million in July 2004 to $15.6 million in August 2004, denoting a fall of about 20 percent.
Economists Scale Back Forecasts
New York, September 10--Economists continue to pare their forecasts for hiring and economic growth as high oil prices and other uncertainties sap confidence among businesses.
Afghan Carpet Industry Returns from Pakistan
Kabul, Afghanistan, September 9--War in Afghanistan drove the carpet weavers into exile in Pakistan, peace has drawn these refugees home.
Consumers More Likely to Take on Home Improvement
Baltimore, MD, September 8—According to a home improvement study, consumers are more likely to take on home improvement projects themselves.
NAHB Announces Call For Entries For 2005 National
Washington, September 3--The National Association of Home Builders (NAHB) invites home builders, remodelers, developers, nonprofits, academics, industry experts and others involved in green building efforts to submit entries for the 2005 National Green Bu
Correction to Pricing for Surfaces 2005
Dallas TX, September 7 --Pricing information for Surfaces 2005 was incorrect in a news item posted here last week.