Trade Gap Hits Record
New York, NY, September 12, 2006--Rising oil prices increased the trade gap in July to a record high, the government reported, as the deficit between imports and exports soared above forecasts.
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.
Peoples a Candidate for USGBC Board
Dalton, GA, September 11, 2006--Bob Peoples, director of sustainability at the Carpet & Rug Institute (CRI) and executive director of the Carpet America Recovery Effort, is one of six candidates for the trade association slot on the board of directors for
Economists: Slowdown, Not Recession
Boston, MA, September 11, 2006--The economy should slow significantly through 2007, but with just a one-in-four chance of falling into a recession, a group of business economists said Monday.
Milliken To Offset Greenbuild CO2 Emissions
LaGrange, GA, September 11, 2006--International textile and chemical manufacturer Milliken & Company is donating more than 13 million carbon credits to offset all the carbon dioxide (CO2) emissions associated with the annual event scheduled for November 1
Canada Housing Starts Off 9.6%
Toronto, Ontario, September 11, 2006--Canadian housing starts fell 9.6 percent in August to a seasonally adjusted annualized rate of 213,700 units from a revised 236,500 units in July.
Weak Job Prospects Signal Slower Spending
Columbus, OH, September 8, 2006--The retail spending pace should moderate slightly in September, according to Retail Forward's Future Spending Index. The index edged down to 92.7 this month from the 93.2 reading in August.
Home Depot Feels Feds Options Probe
Atlanta, GA, September 7, 2006--Home Depot said Wednesday that federal prosecutors have asked for information from the nation's largest home improvement store chain in connection with a stock option probe.
Furniture Brands Cuts Outlook
St. Louis, MO, September 7, 2006--Furniture Brands International Inc., trimmed its third-quarter earnings forecast, in a further sign that higher interest rates and cooling home sales are leading some consumers to pull back from big-ticket purchases.
Bank Sets Deadline on Feltex Rescue
Melbourne, Australia, September 7, 2006--The ANZ bank may call in administrators today to oversee transactions concerning New Zealand carpetmaker Feltex. The move comes despite a last-minute proposal being worked on overnight.
Perceptions Change About Innovation
Midland, MI, September 7, 2006--Perceptions regarding who is primarily responsible for innovation have expanded from the confines of the laboratory to include all employees of a company, according to a study released by Dow Corning Corporation.