Construction Spending Up in August
Washington, DC, October 2, 2006--- Construction spending unexpectedly rose by 0.3% in August despite a 1.5% drop in outlays on private residential building projects, the Commerce Department said Monday.
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.
Tarkett AG to Acquire Remainder of Sintelon Ad
Backa Palanka, Serbia, October 2, 2006--Tarkett AG placed a bid to acquire the remaining 57% majority stake in Sintelon Ad for YUG7.728 billion (US$118.84 million).
Flooring Installation to be Taxed in New Jersey
Trenton, NJ, October 2, 2006-- A whole series of previously untaxed services in the state of New Jersey have become the subject to sales tax.
Mohawk FloorCare Essentials Listed on EPA
Dalton, GA, September 29, 2006--Mohawk FloorCare Essentials has been listed among compliant products within the U. S. Environmental Protection Agency’s “Design for the Environment” (DfE) program for formulators of chemical products.
Consumer Spending and Income Inch Up
Washington, DC, September 29, 2006—Consumer spending rose 0.1 percent in August, compared with a 0.8 percent gain in July, according to the Commerce Department report.
Godfrey Hirst Bids for Feltex
Wellington, New Zealand, September 29, 2006--Australian carpet maker Godfrey Hirst has made an unconditional bid to buy debt-laden New Zealand rival Feltex Carpets Ltd.
Google and Yahoo! Sites Lead in Local Search Marke
Reston, VA, September 28, 2006 – comScore Networks released the results of an analysis revealing the size and growth of the U.S. local search market.
Goldman Cuts Outlook for Home Depot & Lowe's
New York, NY, September 28, 2006--Goldman Sachs lowered earnings estimates for home improvement retailers Home Depot (HD : The Home Depot, Inc. and Lowe's Companies (LOW : Lowe's Companies, Inc. due to expectations of a continued deceleration in h
Lowe's to Announces Growth Strategies at 2006
Lansdowne, VA, September 25, 2006--Lowe's will discuss how the company's culture of customer service and its key initiatives position it for continued growth it meets with analysts and investors tomorrow in Lansdowne, Va. at its annual conference.
Weyerhaeuser Still Looking to Buy Homebuilders
Federal Way, WA, September 25, 2006--Weyerhaeuser says it's interested in buying private, regional homebuilders, despite a string of recent data showing the housing market has entered a sharp downturn.