Fewer Jobs Lost in October, ADP Report Says
Roseland, NJ, Nov. 5, 2009--According to the ADP employment report, payrolls declined 203,000 in October compared to a decline of 227,000 in September.
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.
CARE Re-Elects Hurd Chairman of Board
Dalton, GA, Nov. 5, 2009--The Carpet America Recovery Effort (CARE) said that Frank Hurd has been re-elected as chairman of the board.
Construction Firm Skanska Sees Improving U.S.
Stockholm, Sweden, Nov. 5, 2009--Swedish construction company Skanska AB Thursday said economic conditions seem to be improving even though sales in some of its key markets will continue falling in 2010.
Fed Not Likely To Raise Rates Soon
Washington, DC, Nov. 5, 2009--Federal Reserve officials gave no indication that it will raise interest rates anytime soon, saying an increase will depend on when the labor market and inflation pick up.
Jobless Claims Fall, Productivity at 6-Year High
Washington, DC, Nov. 5, 2009--Initial jobless claims fell by 20,000 to a seasonally adjusted 512,000 in the week ending Oct. 31, the Labor Department reported Thursday.
Survey Sees Commercial Real Estate Bottom in 2010
Washington, DC, Nov. 5, 2009--The U.S. commercial real estate market is likely to hit bottom in 2010, according to a survey of industry investors, developers, lenders and consultants.
Homebuilder Pulte Sees Continuing Challenges
Bloomfield Hills, MI, Nov. 5, 2009--Pulte Homes reported a net loss of $361.4 million, or $1.15 a share, compared with a year-earlier loss of $280.4 million, or $1.11 a share.
Lumber Liquidators Reports Earnings
Toano, VA, Nov. 4, 2009--Lumber Liquidators, Inc. said that third quarter net income increased 42.1% to $7.8 million, or $0.28 per share, compared to $5.5 million, or $0.20 per sharea year ago.
Ulster Carpets Expands Into Middle East
Belfast, Northern Ireland, Nov. 4, 2009--Ulster Carpets is expanding into Dubai in an effort to tap into the new market for the company.
Roppe Gets State Loan for Ohio Expansion
Fostoria, OH, Nov. 4, 2009--The Ohio Department of Development has awarded Roppe Corp.a $1.3 million loan for renovations and expansion.