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.
Beijing, China, June 9--China has become the largest destination of the hardwoods of the United States, said Theodore Rossi, chairman of the American Hardwood Export Council (AHEC) in Beijing Wednesday in a press conference, according to Xinhua news servi
Washington, DC, June 9--Federal Reserve policy makers' jitters that surging home values could be an asset bubble ready to burst may be unfounded, a recent study published by the Cleveland Fed says.
Dalton, GA, June 8--X-ray fluorescence (XRF) technology will soon be used in testing programs for vacuum and extraction cleaners. Equipment that passes the test will receive CRI's Seal of Approval as well as certification from the Space Foundation.
Washington, DC, June 8--Lower-than-expected mortgage interest rates will push home sales to a fifth consecutive record in 2005, according to the latest forecast by the National Association of Realtors.
St. Louis, Mo, June 7--Solutia has reached an agreement-in-principle with Monsanto Company and the Official Committee of Unsecured Creditors in its Chapter 11 case regarding the restructuring of the company.
Mooresville, NC, June 6--Lowe's said today that the company plans to build on its aggressive expansion plan by extending the reach of its stores into Canada. The company said it expects to open its first Canadian stores in Toronto in 2007.
Columbia, NC, June 6—-Shaw is expanding its Columbia distribution center, allowing it to service the entire state as well as parts of Georgia and North Carolina, according to the State.com.
Farnham, Quebec--June 6—Tarkett has named Jean desAutels to the post of Business Centre Manager of the company’s North American Laminate Division and General Manager of the AT Clarion Group - a joint venture with Aconcagua Timber Corporation (ATC).
Washington, DC, June 3--Nonfarm payrolls increased by 78,000 in May, according to the Labor Department. The level of hiring was the weakest since August 2003, according to a survey of business establishments.
Toronto, Ontario, June 3--Lowe's Cos. Inc. could be looking to hammer its way into Canada's competitive home improvement market, but retail experts warn it may not be easy for the U.S. powerhouse to nail down prime real estate and build sales, acc