Consumer Prices Barely Budge in November
Washington, DC, Dec. 15, 2010 -- Consumer prices edged higher by 0.1% in November, as prices for food and energy gained, the Labor Department reported Wednesday.
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Manufacturing Improves in New York State
New York, NY, Dec. 15, 2010 -- Manufacturing conditions in New York state improved in December after a rough November, according to the The Empire State manufacturing survey.
Mortgage Applications Down as Rates Rise
Washington, DC, Dec. 15, 2010 -- Mortgage application volume fell 2.3% for the week ending Dec. 10, the third straight week of declines according to the Mortgage Bankers Association.
Kentucky Carpet Store Burns
Salyersville, KY, Dec. 15, 2010 -- Bailey's Carpet and Hardware Store in Salyersville was destroyed by fire.
Fewer Mortgages 'Underwater' at End of Q3
New York, NY, Dec. 14, 2010 -- The total of "underwater" mortgages fell to 10.8 million at the end of September, down from a peak of 11.3 million at the beginning of the year, according to CoreLogic, a real-estate data firm.
Retail Sales Rise for Fifth Straight Month
Washington, DC, Dec. 14, 2010 -- Retail sales rose 0.8% in November for the fifth straight month, the Commerce Department reported.
Analyst Adjusts Estimates for Armstrong
New York, NY, Dec. 14, 2010 -- Analyst Stifel Nicolaus has raised its 2011 EBITDA estimates for Armstrong World Industries.
Carpetright Pessimistic About 2011
London, England, Dec. 14 -- Carpetright said the outlook for next year looked bleak as sluggish mortgage approvals meant housing market activity was unlikely to pick up any time soon.
Chain Store Sales Surged Last Week
New York, NY, Dec. 14, 2010 -- U.S. chain-store sales last week rose 3.1%, according to the International Council of Shopping Centers and Goldman Sachs.
Orchid Ceramics Opens Second Distribution Center
Tulsa, OK, Dec. 14, 2010 -- Orchid Ceramics has opened a new 85,000-square-foot distribution center in Pasadena, Texas.