Producer Prices Rise in July
Washington, DC, Aug. 17, 2011 -- The core Producer Price Index rose 0.4% in July, the biggest increase since January, according to the Labor 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.
Centiva Donates Recycling Bins
Florence, AL, Aug. 17, 2011 -- Centiva said it has donated 400 recycling bins to citizens of Florence, who have taken a pledge to recycle.
Home Depot Reports Higher Quarterly Profit
Atlanta, GA, Aug. 16, 2011 -- Home center operator Home Depot reported better-than-expected quarterly net income.
Forbo Reports Decline in First Half Earnings
Baar, Switzerland, Aug. 16, 2011 -- The Forbo Group reported first half net income from operations $66.1 million, a decrease of 11.1% versus the prior-year period.
Buying Home Cheaper Than Renting in Most Cities
New York, NY, Aug. 16, 2011 -- Falling home prices combined with strong demand for rental property have made it cheaper to buy a two-bedroom home than to rent one in most major U.S. cities.
Housing Starts, Permits Decrease in July
Washington, DC, Aug. 16, 2011 --New home construction fell 1.5% in July while applications for building permits also fell 3.2%, according to the Commerce Department.
Factory Output, Industrial Production Rise in July
Washington, DC, Aug. 16, 2011 --Factory output increased 0.6% in July, the Federal Reserve reported today. That's the biggest increase since the March 11 earthquake in Japan.
Valinge To Unveil New Locking Technology
Viken, Sweden, Aug. 16, 2011 -- Valinge said it has developed new locking technology that "may improve the locking function and decrease the costs."
Oriental Weavers Second Quarter Profit Declines
Cairo, Egypt, Aug. 16, 2011 -- Egypt's Oriental Weavers posted a 4.4% decline in second-quarter net profit, as raw material costs offset strong sales.
Lowe's Net Income Down, Sales Miss Forecast
Mooresville, NC, Aug. 15, 2011 -- Home center Lowe's reported second quarter net income was $830 million, or $0.64 a share, compared with $832 million, or $0.58 a share, a year earlier.