Leading Economic Indicators Rise Again
Washington, DC, Feb. 19, 2009--Economic weakness will continue through this year, though the intensity of the recession could ease over the next few months, the Conference Board said.
Today's Flooring News
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Mohawk Group Receives USGBC Recognition
Chicago, IL, Feb. 19, 2009 – The Mohawk Group’s commercial carpeting manufacturer’s Chicago showroom received its official plaque recognizing its gold certification.
Lack of Credit Affecting Commercial Real Estate
Washington, DC, Feb. 20, 2009--A sustained lack of credit and the economic slump will depress the commercial real estate market this year, according to an index by the National Association of Realtors.
Pfleiderer Annual Revenues Fall
Neumarkt, Germany, Feb. 19, 2009--Pfleiderer said its 2008 consolidated revenues came to $929 million, compared to $1.01 billion in 2007.
UK's Tile Giant Moving to E-Commerce
Staffordshire, UK, Feb. 20, 2009--Tile Giant is moving to e-commerce to expand its business.
Penney Profits Cut in Half
Plano, TX, Feb. 20, 2009— J.C. Penney Co. reported earnings of $211 million, or 95 cents per share, for the three months ended Jan. 31. That compares with $430 million, or $1.93 per share, a year earlier.
MBA Critical of Mortgage Rescue Plan
Washington, DC, Feb. 20, 2009--The Mortgage Bankers Association has criticized part of the mortgage rescue plan unveiled by President Barack Obama.
Mortgage Rescue Plan Unveiled, Details Still Murky
Washington, DC, Feb. 19, 2009--President Barack Obama unveiled his $75 billion plan to help millions of Americans on the brink of foreclosure Wednesday.
AGC Says Stimulus Will Save or Create 2M Jobs
Washington, DC, Feb. 19, 2009--Associated General Contractors says the $135 billion in construction and infrastructure included in President Obama’s $787 billion stimulus legislation will create or save nearly 2 million jobs over the next two years.
Propex Files Motion To Sell Itself To Investors
Chattanooga, TN, Feb. 18, 2009--Propex Inc. said it filed a motion with the U.S. Bankruptcy Court in Chattanooga to sell its assets to an affiliate of Wayzata Investment Partners by March 24.