Consumer Spending Flat in May
Washington, DC, June 27, 2011 -- Consumer spending in May was at its weakest pace in 20 months, according to the Commerce Department.
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.
MMPI Names Falanga President
Chicago, IL, June 27, 2011 -- MMPI, the owner of the NeoCon trade show, said that Mark Falanga, a 17-year veteran of the organization, has been named president effective July 23.
Mortgage Rates Little Changed Last Week
Washington, DC, June 27, 2011 -- Mortgage rates changed little for a second straight week last week, according to the latest survey from Freddie Mac.
Strategic Home Defaults Declining
New York, NY, June 27, 2011 -- Defaults in which homeowners walk away from their home despite being able to afford their mortgage payment are on the decline, according to a report by Experian.
Deutsche Messe Establishing Domotex Russia
Hannover, Germany, June 24, 2011 -- Deutsche Messe AG will hold its first floorcovering trade show in Russia next year September 26-28 in Moscow.
Energy Agency Selling Oil Emergency Reserves
New York, NY, June 24, 2011 -- The U.S. and other nations that depend on oil imports will release and sell 60 million barrels of crude from emergency stocks.
First Quarter GDP Revised Slightly Higher
Washington, DC, June 24, 2011 -- Gross Domestic Product growth was revised slightly higher in the first quarter to include a slightly faster pace of restocking by businesses and a smaller increase in imports.
Halex Buys Orcon's Flooring Installation Business
Dalton, GA, June 24, 2011 -- Halex Corporation said it has acquired the Orcon Corporation flooring installation business, including its lines of seam tapes, tools and adhesives.
Lumber Liquidators Gets Upgrade to 'Buy'
New York, NY, June 24, 2011 -- Shares of Lumber Liquidators were upgraded to a "buy" by industry analyst Stifel Nicolaus.
Johnsonite Linoleum Gets BioPreferred Label
Chagrin Falls, OH, June 24, 2011 -- Johnsonite, the commercial arm of Tarkett, was recently certified with a U.S. Department of Agriculture BioPreferred program Biobased Product Label for its Harmonium xf Linoleum flooring.