Import Prices Up, but Inflation Still in Check
Washington, DC, Sept. 11, 2009--Higher oil prices lifted import prices by 2% in August, the fifth increase in the past six months, the Labor Department reported Friday.
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.
Fed Beige Book Report Depicts Fragile Recovery
Washington, DC, Sept. 10, 2009--The recession is ending and a slow, fragile recovery is taking hold, according to the Federal Reserve's latest Beige Book report.
Capel Rugs Gets New CEO
Troy, NC, Sept. 10, 2009--Capel Rugs said that John A. Magee has been appointed president and CEO of Capel Inc., Capelsie Mills Inc., and Capel Real Estate & Development Inc.
Oriental Weavers Names New VP of Sales
Dalton, GA, Sept. 10, 2009--Oriental Weavers has appointed Pat Muschamp vice president of sales.
Foreclosure Filings Hold Steady in August
Irvine, CA, Sept. 10, 2009--Foreclosure-related filings held steady last month, a sign that lenders' efforts to help distressed borrowers may be having a gradual impact, according to RealtyTrac Inc.
Mortgage Modifications Picking Up Steam
Washington, DC, Sept. 10, 2009--Loan modifications have picked up over the past month, and servicers have placed 12% of eligible troubled borrowers into trial modifications under President Obama's foreclosure prevention plan.
Tarkett Sports Names Acting President
Montreal, Quebec, Sept. 10, 2009--The Tarkett Group has appointed Eric P. Daliere as acting president of its sports division, Tarkett Sports.
Armstrong To Take $31 Million Special Charge
Lancaster, PA, Sept. 10, 2009--Armstrong World Industries Inc. said it expects to take a $31 million accounting charge as it lives up to change-in-control agreements for employees and directors.
Initial Jobless Claims Lowest Since Mid-July
Washington, DC, Sept. 10, 2009--Initial jobless claims fell 26,000 to a seasonally adjusted 550,000 last week, the lowest since mid-July, the U.S. Labor Department reported Thursday.
Commercial, Multi-Family Delinquency Rates Rising
Washington, DC, Sept. 10, 2009--Delinquency rates continued to increase in the second quarter for all commercial/multifamily mortgage investor groups, according to the Commercial/Multifamily Delinquency Report from the Mortgage Bankers Association.