Analyst Downgrades Lumber Liquidators
New York, NY, March 10, 2011 -- Zacks Investment Research has downgraded shares of Lumber Liquidators from a “neutral” rating to an “underperform” rating in a research note.
Today's Flooring News
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Rising Oil Prices Swell Trade Deficit
Washington, DC, March 10, 2011 -- Rising oil prices helped push imports up at the fastest pace in 18 years in January, according to the Commerce Department.
Nearly Quarter of All Mortgages Underwater
New York, NY, March 9, 2011 -- About 11.1 million home owners, or 23.1% of all mortgaged homes, were underwater in the fourth quarter of 2010, according to report by housing data firm CoreLogic.
Dixie Group Swings To Profit, Gains Share
Chattanooga, TN, March 9, 2011 -- The Dixie Group reported a net income of $516,000, or $0.04 per share, for the fourth quarter of 2010 compared with a net loss of $3,623,000, or $0.29 per share, for the year-earlier period.
Styron May Be Considering Stock Offering
Midland, MI, March 9, 2011 -- Styron Corp. is reportedly planning an initial public offering less than nine months after Bain Capital LLC bought the company from Dow Chemical Co.
Mortgage Applications Hit Three-Month High
Washington, DC, March 9, 2011 -- Mortgage application volume jumped to the highest level in three months last week, according to the Mortgage Bankers Association.
Wholesale Inventories Up Again in January
Washington, DC, March 9, 2011 -- Wholesale inventories rose more than forecast in January, according to the Commerce Department.
Chinese To Build Low-Cost Housing
Beijing, China, March 9, 2011 -- The Chinese government will spend nearly $200 billion this year to build 10 million low-cost homes, according to an Associated Press report.
NAHB Study Shows Buyers Thinking Smaller
Washington, DC, March 8, 2011 -- A recent study by the National Association of Home Builders shows that the recent housing downturn has changed what Americans are looking for in their next home.
Metroflor Names Former Wilsonart Exec CEO
Norwalk, CT, March 8, 2011 –- Luxury vinyl flooring firm Metroflor Corporation has named former Wilsonart executive Russell Rogg as president and CEO.