Personal Income Rises in June, Spending Flat
Washington, DC, July 31, 2012 -- Despite a greater than expected increase in U.S. personal income in June, consumer spending was flat, according to the Commerce Department.
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Armstrong Net Income Rises as Sales Fall
Lancaster, PA, July 30, 2012 --Armstrong World Industries reported second quarter net income of $41.8 million compared to $37.9 million a year ago.
USG Narrows Loss in Second Quarter
Chicago, IL, July 30, 2012 -- Building products firm USG Corporation reported a second quarter net loss of $57 million, down from a loss of $70 million reported a year ago.
Analyst Calls Armstrong Sales 'Disappointing'
New York, NY, July 30, 2012 -- Flooring industry analyst Stifel-Nicolaus described Armstrong's second quarter revenue numbers "disappointing" in its Quick Look report on Monday.
Remodeling Market Index Down in Second Quarter
Washington, DC, July 27, 2012 -- The National Association of Home Builders' Remodeling Market Index declined in the second quarter due to a softening labor market.
Economic Growth Slows in Second Quarter
Washington, DC, July 27, 2012 -- The economy grew at an annual rate of 1.5% from April through June, the Commerce Department said Friday.
Mortgage Rates Hit Another Record Low
Washington, DC, July 27, 2012 -- Mortgage rates reached new all-time lows this week for both the 30-year and 15-year fixed-rate loans, according to Freddie Mac.
Armstrong Gets Climate Registered Status Again
Lancaster, PA, July 27, 2012 -- Armstrong World Industries said it has achieved Climate Registered status for five consecutive years.
Consumer Sentiment Better Than Expected
Ann Arbor, MI, July 27, 2012 -- The final reading of the University of Michigan-Thomson Reuters July consumer sentiment survey was 72.3.
Durable Goods Orders Rise in June
Washington, DC, July 27, 2012 -- Durable goods orders increased a better-than-expected 1.6% in June, the Commerce Department estimated Thursday.