Fed Interest Rate Policy Won't Change Soon
New York, NY, Nov. 17, 2009--The Federal Reserve isn't likely to boost interest rates for quite some time, according to Chairman Ben S. Bernanke.
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.
Delinquencies Up Again, But Pace Slows
New York, NY, Nov. 17, 2009--The overall mortgage delinquency rate hit another record, according to credit reporting agency Transunion.
Home Depot Raises Earnings Outlook
Atlanta, GA, Nov. 17, 2009--Home Depot said its third-quarter earnings fell 8.9 percent as the housing and renovation markets remained weak.
Stainmaster Promotion Moves Carpet at Lowe's
Mooresville, NC, Nov. 17, 2009--One of the few bright spots in Lowe's Cos. earnings report Monday was the increased sales of floor covering.
Wholesale Prices Show Little Inflation
Washington, DC, Nov. 17, 2009--October wholesale prices rose a seasonally adjusted 0.3% on higher food and energy costs, the Labor Department reported Tuesday.
CRI Produces Case Study for YouTube
Dalton, GA, Nov. 17, 2009--The Carpet and Rug Institute has a video on YouTube to promote its Seal of Approval program.
Industrial Production Edges Up in October
Washington, DC, Nov. 17, 2009-- Industrial production rose 0.1 percent in October, a less-than-expected increase.
Bentley Prince Street Honored for Fitness Program
Los Angeles, CA, Nov. 16, 2009--Commercial carpet manufacturer Bentley Prince Street was recently honored as one of California’s healthiest employers by the state of California Task Force on Youth and Workplace Wellness.
NAR: Home Sales Should Rise 15% Next Year
San Diego, Nov. 16, 2009--Home sales should rise about 15% next year, as buyers take advantage of a home-buyer tax credit and housing prices stabilize.
Retail Sales Higher Than Expected in October
Washington, DC, Nov. 16, 2009--Retail sales rose more than expected in October thanks to a big rebound in auto sales, according to the Commerce Department.