Consumer Prices Rise
Washington, DC, Apr. 16--Consumer prices rose 0.3% in March, largely reflecting higher energy costs. But most other prices were under control, suggesting the nation's inflation picture looks good.
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.
Business Inventories Rise
Washington, DC, Apr. 14--Businesses' stockpiles of unsold goods rose in February as sales fell amid prewar jitters. According to the Commerce Department, business inventories went up 0.6% in February, compared with a 0.3% rise in January.
Producer Price Index Up
Washington, DC, Apr. 11-Wholesale prices rose 1.5% in March, according to the Labor Department. The increase reflected a jump in energy costs stoked by war tensions and sharply higher prices for cars and clothes.
Florim USA Plans For Growth
Clarksville, TN, April 10-- As Florim USA launches its fourth year of operations, its parent, The Florim Group, is projecting continued growth and plans ongoing investments and improvements.
Ross May Not Bid On Burlington
Greensboro, NC, Apr. 9--Wilbur Ross, who many thought would be the lead bidder for Burlington Industries after Berkshire Hathaway dropped out, said he would step aside if another buyer put forth a good price for the bankrupt carpet and apparel maker.
Home Depot Canada Head To Run Expo
Atlanta, GA, Apr. 9--Home Depot has named Annette Verschuren to head the 53 store Expo Design Center, according to a report in the Atlanta Journal-Constitution. Verschuren will serve as interim president of the division while a replacement for Bob Wittman
S&P Raises Dixie Group Ratings
New York, NY, Apr. 7--Standard & Poor's Ratings Services has raised its corporate credit rating on Calhoun, Georgia based carpet and rug manufacturer The Dixie Group Inc. to 'B+' from 'B-'.
Dow to Cut Jobs
Midland, MI, April 4--Dow Chemical Co. expects annual earnings growth of 10% and plans to cut 3,000 to 4,000 jobs in a move to lower costs.
Consumer Confidence Rises, But Still Low
New York, NY, Apr. 3—According to the latest ABC News/Money Magazine consumer comfort index, the war isn't hurting consumer confidence.
Congoleum Reaches Asbestos Agreement, Reports 2002
Mercerville, NJ, Mar.31--Congoleum Corp. said it has reached an agreement in principle with attorneys representing more than 75% of the known present claimants with asbestos claims pending against Congoleum.