Troy, NC, Sept. 12, 2008--Rug manufacturer and importer Capel Rugs has opened two new rug galleries that expand the company’s presence in the South and Midwest.
The opening of the new galleries at Countrywide Flooring and Area Rugs in Edmond, Okla. and Casa Bella Home Furnishings in El Paso, Texas, marked the one-year anniversary of vice president of marketing Bud Young’s announcement of Capel’s gallery expansion program.
Capel has opened a total of four new galleries across the country within the last year.
“More than a year of hard work is coming to fruition with the opening of these galleries, and we are incredibly pleased with the results,” said Young.
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Texas Invista Plants Closing for Ike
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| Houston, TX, Sept. 12, 2008--Koch Industries subsidiary Invista has begun to shut down temporarily three of its plants in south Texas because of hurricane Ike and told those employees not to report for work today.
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One Measure of Consumer Confidence Spikes Higher
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| New York, NY, Sept. 12, 2008--Consumer confidence has improved heading into fall, due partly to dips in gas prices and excitement over the presidential race, according to the Royal Bank of Canada Consumer Attitudes and Spending by Household Index.
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Zebra Rugs at Penney Being Recalled
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| Washington, DC, Sept. 12, 2008--About 2,000 JLA Home zebra rugs sold at JC Penney stores are being recalled because they do not meet the federal flammability standard for small rugs and do not have the required flammability warning label. |

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Imports, Exports Set Records as Deficit Swells
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| Washington, DC, Sept. 11, 2008--The U.S. trade deficit rose in July to the highest level in 16 months as oil imports hit an all-time high, offsetting strong export growth. The deficit with China climbed to the second highest level on record. |

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Jobless Claims Higher Than Expected
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| Washington, DC, Sept. 11, 2008-- Initial jobless claims for unemployment insurance were higher than expected last week, while total benefit rolls rose to the highest level in almost five years, according to the Labor Department. |

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CFOs More Upbeat About Economy
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| Durham, NC, Sept. 10, 2008--Chief financial officers are more optimistic about the direction of the U.S. economy, but remain concerned about consumer demand and weak credit markets, according to a quarterly survey by Duke University/CFO Magazine . |

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British Builder Offers Unusual Incentive
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| London, England, Sept. 10, 2008--Barratt Developments PLC, Britain's second-biggest house builder by volume, said that full-year profits fell by 71 percent as the credit crunch depressed sales in the second half. |

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