Weekly Jobless Claims Drop Sharply
Washington, DC, December 1, 2005--First-time claims for state unemployment benefits fell 17,000 to 320,000 in the week ended Nov. 26.
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.
Report: Home Prices Up 12%
Washington, DC, December 1, 2005--Average home prices climbed 12.02 percent over 12 months to September 30, though there was a slowdown in price rises in some hot markets.
Personal Income and Spending Up Marginally
Washington, DC, December 1, 2005--Personal incomes and spending rose modestly in October while inflationary pressures eased, according to the Commerce Department.
Low & Bonar Faces $14 Million in Fines
London, England, December 1, 2005--Flooring group Low & Bonar is facing a hefty fine after the European Commission ruled that the group was involved in a cartel in the 1990s.
ISM: Manufacturing Growth Slows
Tempe, AZ, December 1, 2005-Factory activity in the United States remained at a strong pace in November, the Institute for Supply Management reported Thursday.
Wisconsin Retailer Closes Store, Can't Compete
Wisconsin Rapids, WI, November 30, 2005--After 55 years of business, Henke's Floors will be closing its doors for the final time Friday.
GDP Revised Up To 4.3%
Washington, DC, November 30, 2005 --The U.S. economy grew at a 4.3% annual rate in the third quarter, the Commerce Department said Wednesday in its first revision of gross domestic product estimates.
Weyerhaeuser to Sell Composite Panel Business
Federal Way, WA, November 30, 2005--Weyerhaeuser Co. said Tuesday it would stop making fiberboard and particleboard, selling its six plants that make composite panels.
Most Corporate Fraud Detected by Chance
New York, NY, November 30, 2005—According to a study from auditing firm PriceWaterhouseCoopers, despite tough regulations aimed at improving corporate governance, financial fraud is still on the rise around the world, and most is still detected by chance.
Q.E.P. to Open China Headquarters
Boca Raton, FL, November 30, 2005--Q.E.P. Co. has announced that it will open its new worldwide global sourcing operation in Shanghai, China.