Durable Goods Orders Surge Higher
Washington, DC, Feb. 25, 2010--Durable goods orders surged 3% in January to $175.7 billion, the Commerce Department estimated Thursday.
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.
Commercial Loan Failures Could Ruin Banks: COP
Washington, DC, Feb. 25, 2010--Commercial real estate loan failures could destroy the banking system over the next four years much as the residential real estate collapse did in 2008.
Initial Jobless Claims Rise Unexpectedly
Washington, DC, Feb. 25, 2010--Initial jobless claims jumped 22,000 to 496,000 in the week ended Feb. 20, the Labor Department reported Thursday.
Interface Swings To Profit in Fourth Quarter
Atlanta, GA, Feb. 23, 2010--Interface Inc. reported fourth quarter sales of $230.9 million, compared with sales of $247.2 million a year ago, a decline of 6.6%.
Dixie Cuts Loss, Sees Improving Residential Market
Chattanooga, TN, Feb. 24, 2010--The Dixie Group reported a net loss of $3,480,000, or $0.28 per share, for the fourth quarter, compared with a net loss of $31,868,000, or $2.60 per share, a year ago.
Architecture Billings Index Hits Five-Month Low
Washington, DC, Feb. 24, 2010--The Architecture Billings Index, a leading indicator of U.S. nonresidential construction spending, fell in January to its lowest level since August.
Invista Names Global Sustainability Manager
Kennesaw, GA, Feb. 24, 2010--Invista Performance Surfaces and Materials, maker of Stainmaster and Antron carpet fibers, has named Derek Young global sustainability manager.
New Home Sales Take Unexpected Dip
Washington, DC, Feb. 24, 2010--New home sales fell 11.2% in January to the lowest rate on record dating back to 1963, the Commerce Department estimated Wednesday.
Style Limited Files Strand-Woven Timber Patents
Melbourne, Australia, Feb. 24, 2010--Style Limited said it has filed five new international patents, paving the way for the company to launch a range of new strand-woven timber products.
Retailers See Brighter Sales, DIY Trends Up
New York, NY, Feb. 24, 2010--Discount retailers like Target and Sears Holdings' Kmart stores posted improved sales performances on Tuesday.