Bernanke Doesn't Commit to More Fed Action
Jackson Hole, WY, Aug. 31, 2012 -- Federal Reserve Chairman Ben Bernanke gave no indication Friday that the Fed would provide additional stimulus anytime soon.
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.
Consumer Sentiment Rises More Than Expected
Ann Arbor, MI, Aug. 31, 2012 -- Consumer sentiment improved in August, according to the University of Michigan-Thomson Reuters' consumer-sentiment survey.
Factory Orders Surge in July
Washington, DC, Aug. 31, 2012 -- New orders for manufactured goods posted the biggest increase since July 2011 and rose for the second time in three months.
Daltile Again Holding Student Design Contest
Dallas, TX, Aug. 31, 2012 -- Daltile will hold the second annual Daltile Interior Design Scholarship, presented by the ASID Foundation.
Chicago PMI Shows Slower Business Expansion
Chicago, IL, Aug. 31, 2012 -- The Chicago Purchasing Managers Index for August slowed slightly to a reading of 53.0 in August from 53.7 in July.
Marazzi Workers Vote Against Joining Union
Sunnyvale, TX, Aug. 31, 2012 -- Workers at Marazzi's Sunnyvale manufacturing plant and warehouse voted last week not to join the United Food and Commercial Workers Local 1000, the company said.
Consumer Spending, Incomes Rise in July
Washington, DC, Aug. 30, 2012 -- Consumer spending in July rose by the biggest amount in five months, according to the Commerce Department.
Foreclosures Make Up Larger Percentage of Sales
Irvine, CA, Aug. 30, 2012 -- Homes in foreclosure, as well as sales of bank-owned homes declined sharply in the second quarter due to limited supply, according to tracking firm RealtyTrac.
Fortifiber Gets First NWFA Accepted Product Seal
St. Louis, MO, Aug. 30, 2012 -- The National Wood Flooring Association said that Fortifiber Building Systems Group is the first manufacturer to be approved under the NWFA Accepted Product Seal program.
Unemployment Claims Unchanged Last Week
Washington, DC, Aug. 30, 2012 -- Initial applications for unemployment benefits were unchanged last week, the Labor Department said.