PPI Up in December
Washington, DC, January 17, 2007--Producer prices rose 0.9% in December, led by higher energy and food costs, the Labor Department reported Wednesday.
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.
Centex Expects Quarterly Loss
Dallas, TX, January 16, 2007--Homebuilder Centex warned Tuesday that it expects to post a loss from continuing operations in its fiscal third quarter as the company grapples with "one of the most challenging housing environments in the past 25 years."
Lowe's to Build Flatbed Distribution Center
Mooresville, NC, January 10, 2007--Lowe's said it plans for a new flatbed distribution center in the Port of Stockton, California. The company will retrofit two existing 120,000 square foot buildings located on Luce Avenue in the Port of Stockton.
Foamex Noteholders All Agree on Reorganization
Linwood, PA, January 9, 2007--Foamex International said that the Senior Secured noteholders voting on its Second Amended Plan of Reorganization have voted unanimously to accept the plan.
D.R. Horton's Orders Off 23%
Fort Worth, TX, January 9, 2007--D.R. Horton Inc.'s sales orders for new homes fell 23% during the first quarter from a year earlier, the company said Tuesday.
Lowe's Names Knowles Senior VP of Store Operat
Mooresville, NC, January 4, 2007--Lowe's said it has promoted Dennis R. Knowles to senior vice president of store operations for the company's South Central Division, effective immediately.
ADP: 40,000 Jobs Lost in December
Washington, DC, January 3, 2007--According to the ADP employment report released Wednesday, private-sector employment fell by 40,000 in December, the first decline in nearly four years.
Lennar Sees 4Q Loss
Miami, FL, January 2, 2007--Homebuilder Lennar Corp. said it anticipates posting a fourth-quarter loss on a tough market and land charges.
Report: Online Holiday Season Seen Increasing 26%
Reston, VA, December 29, 2006--Total retail online spending during the first 56 days of the holiday season reached $23.11 billion, marking a 26-percent increase versus the corresponding days in 2005, according estimates released by ComScore Networks.
Weekly Jobless Claims Up
Washington, DC, December 28, 2006--Applications for state unemployment benefits rose slightly in the latest week while continuing jobless claims climbed to their highest level in almost a year, the Labor Department said Thursday.