Fourth Quarter GDP Up Less Than First Estimate
Washington, DC, Feb. 25, 2011 -- Gross Domestic Product in the fourth quarter grew less than initially estimated, 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.
Lumber Liquidators Names Merchandising Chief
Toano, VA, Feb. 25, 2011 -- Lumber Liquidators has named William K. Schlegel as its chief merchandising officer, effective March 14.
Mortgage Rate Back Below 5% on 30-Year
Washington, DC, Feb. 25, 2011 -- The average rate for a 30-year fixed-rate mortgage fell below 5% this week, according to Freddie Mac.
Tarkett To Adopt Cradle to Cradle Philosophy
Paris, France, Feb. 25, 2011 -- Tarkett said it has formed a partnership with the German scientific institute EPEA (Environmental Protection and Encouragement Agency) to adopt the Cradle to Cradle philosophy.
Faus Group Signs Two Distributors
Calhoun, GA, Feb. 25, 2011 -- Laminate maker Faus Group has added two companies to its distribution network in the U.S.
Oil Hits $100 as Libya Turmoil Rises
New York, NY, Feb. 24, 2011 -- Unrest in the Middle East pushed oil prices to $100 per barrel Wednesday for the first time in 2 1/2 years.
Interface Sales Up Nearly 15% in Q4
Atlanta, GA, Feb. 23, 2011 -- Interface reported a fourth quarter net loss of $13.3 million, or $0.21 per share, largely due to unusual expenses, as sales rose nearly 15% from the previous year.
New Home Sales Fall Below 300K Rate
Washington, DC, Feb. 24, 2011 -- New home sales in the U.S. fell in January, almost completely negating the strong gain seen in December, the Commerce Department reported.
Initial Jobless Claims Fall More Than Expected
Washington, DC, Feb. 24, 2011 -- Initial jobless claims fell more than expected last week, the Labor Department said Thursday.
Pfleiderer Makes Board Appointment
Neumarkt, Feb. 24, 2011 -- Pfleiderer AG said that Stephan Brock has been appointed to the company's supervisory board.