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 Hikes Rates to 5.25%

Washington, DC, June 29, 2006--The Federal Reserve raised interest rates Thursday at its 17 straight meeting. The move, which was expected, brings the Fed funds rate from a four-decade low of 1% to 5.25%, its highest level since March 2001.

Business Roundtable Urges Congress to Help Math an

companies of Business Roundtable, an association of 160 chief executive officers of leading U.S. companies, are joining other companies from across the country in an unprecedented event today to demonstrate to Congress why policies aimed at boosting U.S.

Federated Said Near $1.2B Lord & Taylor Sale

Cincinnatti, OH, June 22, 2006—According to reports, Federated Department Stores is close to a deal to sell its Lord & Taylor unit to private equity firm Apollo Real Estate Advisors and shopping center developer NRDC Real Estate Advisors.

Atlanta Summer Area Rug Market Expected to be Bigg

Atlanta, GA, June 19, 2006--The allure of the undiscovered is just one of the advantages that bring buyers and sellers home each summer to AmericasMart-Atlanta and The Atlanta International Area Rug Market, July 16—19.