Personal Spending Up More Than Incomes
Washington, DC, March 1, 2010--The commerce Department said that personal spending jumped by a larger amount than expected in January, although incomes didn't keep pace.
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.
Oriental Weavers Buys Textile Firm
Cairo, Egypt, March 1, 2010--Egyptian carpetmaker Oriental Weavers said it will buy land and assets of a startup textile firm as demand in its export markets picks up.
Flooring Warehouse Destroyed in Fire
Ellijay, GA, March 1, 2010--A fire destroyed a carpet and flooring warehouse in Gilmer County, according to reports.
NCSU Gives Capel Award for State Growth
Troy, NC, March 1, 2010--Capel Inc. said that it was recently honored by the North Carolina State University Industrial Extension Service as a recipient of the "1B4NC" award.
Some Economists Predict Severe Housing Shortage
Washington, DC, March 1, 2010--Some economists are beginning to warn that a significant housing shortage may be on the horizon.
J&J Wins GSA's Evergreen Award
Dalton, GA, Feb. 25, 2010--J&J Industries said it has won the 2009 Evergreen Award from the General Services Administration.
Bernanke Says Deficit Reduction Plan Necessary
Washington, DC, Feb. 26, 2010--Federal Reserve Chairman Ben Bernanke said lawmakers need to develop a credible plan to deal with the medium-term deficit or there could be consequences for the economy.
Mohawk Swings To $20 Million Fourth Quarter Profit
Calhoun, GA, Feb. 25, 2010--Mohawk Industries reported fourth quarter net earnings of $20 million or $0.29 per share.
GDP Revised Higher on Growing Inventories
Washington, DC, Feb. 26, 2010--Fourth quarter Gross Domestic Product grew a little faster than previously reported, according to the Commerce Department.
Consumer Sentiment Dips in February
Ann Arbor, MI, Feb. 26, 2010--Consumer sentiment was weaker in February, according to the Thomson Reuters/University of Michigan's Surveys of Consumers.