Productivity Slides in Second Quarter
Washington, DC, Sept. 1, 2011 -- Worker productivity fell in the second quarter more quickly than previously thought and labor costs increase at a faster rate.
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.
Planned Job Cuts Decline in August
Chicago, IL, Aug. 31, 2011 -- The number of planned job cuts at U.S. firms fell 23% in August after rising for three straight months, according to consultants Challenger, Gray & Christmas.
Mohawk Forms Partnership With Credit Provider
Dalton, GA, Aug. 31, 2011 -- Mohawk said it has formed a partnership with BlueTarp Financial, a credit provider specializing in business-to-business credit management services for the building materials industry.
Omnova Solutions Lowers Earnings Estimates
Fairlawn, OH, Aug. 31, 2011 -- Omnova Solutions said it is revising its 2011 full year adjusted earnings estimate.
Factory Orders Rose in July
Washington, DC, Aug. 31, 2011 -- July factory orders rose 2.4%, the U.S. Census Bureau reported today.
Fed Considering Variety of Stimulus Measures
Washington, DC, Aug. 31, 2011 -- There was no clear agreement among Federal Reserve officials at their Aug. 9 meeting about what kind of further stimulus the Fed might pursue at its next meeting if the economy continues to backslide.
Chicago PMI Still Shows Expansion in Region
Chicago, IL, Aug. 31, 2011 -- The Chicago Purchasing Managers Index, a measure of business strength, came in higher than expected at 56.5 in August, down marginally from 58.8 in July.
Mortgage Application Volume Falls
Washington, DC, Aug. 31, 2011 -- Mortgage application volume fell 9.6% last week, according to the Mortgage Bankers Association.
Corporate Floors Expanding SaniGlaze Franchises
Grapevine, TX, Aug. 31, 2011 -- Corporate Floors said it is opening three new SaniGlaze franchises in Austin, San Antonio and South Texas.
Consolidation Likely for Public Homebuilders?
New York, NY, Aug. 31, 2011 -- The Wall Street Journal is speculating that the homebuilding industry, specifically publicly traded companies, might have to consolidate to survive, if the market doesn't pick up soon.