Durable Goods Orders Rise More Than Expected
Washington, DC, June 24, 2011 -- Durable goods order rose a better-than-expected 1.9% in May, the Commerce Department estimated Friday.
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.
Langhorne Making Carpet from Alpaca Fiber
Penndel, PA, June 24, 2011 -- Langhorne Carpet Company is now weaving Jacquard-Wilton carpets made of 100% Peruvian alpaca fiber.
Fed Stays The Course on Interest Rates
Washington, DC, June 22, 2011 -- The Federal Reserve said it will keep short term interest rates near zero for at least several more months.
H.B. Fuller Net Income More Than Doubles
Minneapolis, MN, June 23, 2011 -- H.B. Fuller reported second quarter net income of $25.1 million, or $0.50 per share, compared to $11.0 million, or $0.22 per share, in last year's second quarter
Initial Jobless Claims Higher Than Expected
Washington, DC, June 23, 2011 -- Initial claims for unemployment benefits rose more than expected last week, according to the Labor Department.
Oil, Gasoline Prices Continue Downward Trend
New York, NY, June 23, 2011 -- Oil prices fell after Federal Reserve Chairman Ben Bernanke warned that the U.S. economy is weaker than previously thought.
Government Reduces Wood Antidumping Rates
Washington, DC, June 23, 2011 -- The Department of Commerce said it has adjusted the antidumping rate for engineered wood being imported from China after determining that it made significant errors.
New Home Sales Decline in May
Washington, DC, June 23, 2011 -- Sales of new single family homes declined for the first time in three months in May, the Commerce Department said.
Lumber Liquidators Board Member Steps Down
Toano, VA, June 22, 2011 -- Lumber Liquidators said that board of directors member Richard D. Tadler has decided to step down effective June 30.
Homebuilder Lennar Reports Lower Income, Sales
Miami, FL, June 23, 2011 -- Homebuilder Lennar said its net income dropped 65% in its second quarter compared with last year, when it recorded a big tax benefit.