Consumer Spending Up, Along With Savings
Washington, DC, June 26, 2009--The Commerce Department said Friday that consumer spending rose 0.3 percent in May, in line with expectations, although the savings rate moved even higher.
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Homebuilder KB Home Reports New Order Surge
Los Angeles, CA, June 26, 2009--KB Home said Friday its new home orders in the second quarter surged 59 percent over first-quarter levels.
California House Prices Rise, Inventory Falls
Los Angeles, CA, June 26, 2009--The median price for an existing single-family house in California rose for the third straight month.
Tennant Technology Honored by Healthcare Group
Minneapolis, MN, June 26, 2009--Tennant Co. said it was recently selected to participate in the Premier healthcare alliance’s first Innovation Celebration.
Oil Prices Rising Again
New York, NY, June 26, 2009--Oil prices rose above $71 a barrel Friday as renewed attacks on oil facilities in Nigeria raised supply concerns and as the dollar slipped further against the euro, drawing investors into commodities.
QEP Files for Delisting from NASDAQ
Boca Raton, FL, June 25, 2009--Q.E.P. CO. said it has filed for delisting from the NASDAQ exchange.
H.B. Fuller's Profit Falls 17 Percent
St. Paul, MN, June 25, 2009--H.B. Fuller Co.’s profit declined 17 percent in the second quarter of 2008, largely due to declining sales of the manufacturer’s adhesives, sealants, paints and other specialty chemical products.
Fed Maintains Course, Sees Weak Economic Activity
Washington, DC, June 25, 2009--The Federal Reserve, offering a modestly more optimistic assessment of the economy on Wednesday, reaffirmed its policy of keeping interest rates at near zero.
Homebuilder Lennar Reports Higher Quarterly Loss
Miami, FL, June 25, 2009--Lennar Corp. reported a slightly deeper quarterly loss on continuing weakness in the housing market.
Judge Allows Grout Cleaner Liability Suits
Atlanta, GA, June 25, 2009--A federal judge in Atlanta is permitting dozens of product liability suits against Home Depot and the makers of a tile grout cleaner to proceed to trial on negligence claims.