Feltex Returns To New Zealand Ownership
Auckland, New Zealand, May 5, Feltex Carpets Limited confirmed its intention to list on the New Zealand sharemarket through the launch today of a public offering of its shares.
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 Holds Rates...For Now
Washington, DC, May 4--The Federal Reserve moved a step closer toward raising interest rates for the first time since 2000, saying strong economic and jobs growth has defused the deflationary threat that preoccupied the central bank for a year.
Shaw Acquisition Brings New Product Lines to Deale
Dalton, GA, May 4--Shaw Industries’ purchase of the North Georgia operations of the Dixie Group in December 2003 introduced a number of new products and markets to the company.
New Home Sales Rise
Washington, DC, Apr. 26--Sales of new homes rose to a record 1.228 million annual rate in March, exceeding forecasts.
Durable Goods Orders Jump
Washington, DC, Apr. 23--Orders for long-lasting durable goods surged again in March, as U.S. factories sought to keep up with unexpectedly strong demand for a broad array of products, a Commerce Department report on Friday showed.
BASF to Increase Prices on Styrene-Butadiene Latex
Charlotte, NC, Apr. 11--Effective May 1, or as contracts allow, BASF will raise prices in the U.S. and Canada on all Styrofan carboxylated styrene-butadiene emulsion polymers supplied to the carpet industry by $0.03 per dry pound.
Carpet One Plans Expansion
Manchester, NH, Mar. 30--Carpet One, the largest floorcovering retailer in North America with more than 1,000 stores in the U.S. and Canada, announced today a growth plan to add 250 new Carpet One stores over the next five years.
Consumer Confidence Index Flat in March
New York, Mar. 30--The Conference Board's Consumer Confidence Index, which had declined sharply last month, was flat in March
Coverings Announces Spectrum Award Winners
Alexandria, VA. Mar. 25--Coverings, the leading showcase for ceramic tile and natural stone floor coverings, has selected Michelle Griffoul Studios as the $10,000 Grand Prize winner of the 2004 Spectrum Award.
New Home Sales Rise Strongly in February
Washington, D.C., Mar. 24--Sales of new U.S. homes surged unexpectedly in February to their highest level since August, a Commerce Department report showed on Wednesday.