Oil Moves Back Above $70
New York, NY, Aug. 3, 2009--Oil prices moved above $70 a barrel Monday in Asia on investor expectations a recovering global economy will boost crude demand.
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.
Data Show Manufacturing Downturn Nearing End
Washington, DC, Aug. 3, 2009--Conditions for the nation's manufacturers continued to improve in July, the Institute for Supply Management reported Monday.
Construction Spending Rose Unexpectedly in June
Washington, DC, Aug. 3, 2009--U.S. construction spending unexpectedly rose in June, as residential real estate and government projects led the way.
Valinge Says License Volume Sign Market Improving
Viken, Sweden, July 31, 2009--Valinge said that it license volumes improved in the second quarter, rising about 15% from the first quarter 2009.
Greenspan Says Economy's Hit Bottom
Washington, DC, Aug. 3, 2009--Growth may resume at a rate faster than most economists foresee, former Federal Reserve Chairman Alan Greenspan said Sunday.
GDP Better Than Expected, Economy on The Mend
Washington, DC, July 31, 2009--The U.S. economy showed more signs of recovery as the second quarter measure of Gross Domestic Product indicated the economy contracted at a pace of just 1 percent.
Mohawk Earnings Better Than Company Expected
Calhoun, GA, July 30, 2009--Mohawk Industries Inc. reported second quarter net earnings of $46 million and earnings per share of $0.67.
Florida Tile Moving Headquarters to Kentucky
Lakeland, FL, July 30, 2009--Florida Tile Inc. is moving its corporate headquarters to Lexington, Ky., from Lakeland, Fla.
Mortgage Rates Continue To Rise
Washington, DC, July 31, 2009--Mortgage rates rose for a second consecutive week, which could pressure property sales.
Tennant Earnings Buoyed By New Cleaning Technology
Minneapolis, MN, July 30, 2009--Tennant Company reported net earnings of $3 million, or $0.16 per share, on second quarter net sales of $148.6 million