Trade Gap Sets Record in August
Washington, DC, October 12, 2006--The trade gap of goods and services set a new record high in August, driven up once again by a record price of crude oil, a government report showed Thursday.
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.
Bernanke: Fed Eyeing Housing & Inflation
Washington, DC, October 5, 2006--The Federal Reserve remains worried inflation is too high, but is also watching to see how much a "substantial correction" in housing markets will slow economic growth, Fed Chairman Ben Bernanke said.
ADP: 78,000 Jobs Added in September
Roseland, NJ, October 4, 2006--Private employers added 78,000 jobs in September, according to the ADP National Employment Report.
Honeywell to Expand Caprolactam Production
Morris Township, NJ, October 3, 2006—Honeywell Resins & Chemicals today announced that it will expand production of caprolactam, a key raw material used in the production of nylon, at its Hopewell, Va. facility.
Office Furniture Order Growth Slows
Grand Rapids, MI, October 3, 2006--Office furniture order growth slowed again in August, continuing months of erratic growth that analysts said was a further sign the market is moderating.
Faus Wins 2006 Design Of Times Display Award
Calhoun, GA, October 2, 2006-– Faus Group, Inc. (“Faus”) won a first place Gold award for its Fausfloor® Gallery independent retail store laminate display during the IN-STORE Marketing Expo held in Chicago, Illinois.
Invista Affiliate Acquires Yarn Processing Assets
Hattersheim, Germany, October 2, 2006--An Invista affiliate acquired the yarn processing assets of Mitex, a leading yarn processing company in North-Eastern Bavaria.
Consumer Sentiment Up
Washington, DC, September 29, 2006--Consumer sentiment strengthened in late September, according to media reports Friday of proprietary research from the University of Michigan.
Chain Store Sales up 4.2% Last Week
New York, NY, September 26, 2006--Chain store sales for the week ended Sept. 23 rose 4.2% compared to the year-ago period.
Home Depot Opens First Fuel Location in Georgia
Atlanta, GA, September 25, 2006--Home Depot will open its first Home Depot Fuel store in Georgia today as the company continues to increase service offerings to professional and do-it-yourself customers.