Regional Fed Says Odds of Recession Grow
San Francisco, CA, Nov. 15, 2011 -- The odds of a U.S. recession in early 2012 have grown as a result of Europe’s debt crisis, according to researchers at the Federal Reserve Bank of San Francisco.
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New York Manufacturing Reverses Higher
Washington, DC, Nov. 15, 2011 -- Manufacturing activity in New York state reversed course into positive territory in November, ending five straight months of contraction, according to the New York Federal Reserve.
Business Inventories Unchanged in September
Washington, DC, Nov. 15, 2011 -- Business inventories were unchanged in September, according to the Commerce Department.
Producer Prices Fall Most in 20 Months
Washington, DC, Nov. 15, 2011 -- U.S. producer prices in October dropped by the largest amount in 20 months, according to the Labor Department.
Buffett Says Home Building in 'Depression'
Omaha, NE, Nov. 15, 2011 -- Investor Warren Buffett says housing construction is in a depression but said the housing sector doesn't need more stimulus.
SmartStrand Featured in 'Georgia Grown' Effort
Marietta, GA, Nov. 15, 2011 -- The Mohawk Group’s SmartStrand Contract is now the featured carpet in the design of the Georgia Department of Agriculture building in Atlanta.
Beaulieu Closing Alabama Yarn Plant
Dalton, GA, Nov, 14, 2011 -- Beaulieu said that within the next two months it will close down its Eufaula, Alabama spun yarn processing facility that it has operated since 1998.
Lowe's Profit Plunges in Third Quarter
Mooresville, NC, Nov. 14, 2011 -- Lowe's Cos saw its quarterly profit fall more than 40% as the home improvement retailer keeps losing marketshare to Home Depot Inc.
Builder Confidence in Senior Housing Declines
Washington, DC, Nov. 14, 2011 -- Builder confidence in the 55+ housing market for single-family homes fell three points to 12 compared to the same period a year ago.
China Ceramics' Third Quarter Income Rises
Jinjiang, China, Nov. 14, 2011 -- China Ceramics Co. said third quarter net earnings were $11.8 million, or $0.65 per share, up 19.9% from the third quarter of 2010.