Oil Falls Below $98 a Barrel
New York, NY, May 7, 2012 -- The price of oil fell below $98 a barrel Monday on the New York Mercantile Exchange.
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.
Mohawk Earnings, Sales Rise in First Quarter
Calhoun, GA., May 3, 2012 -- Mohawk Industries reported first quarter net earnings of $40 million and earnings per share of $0.58, a 38% increase over last year.
Homebuilder Beazer Gets Into Rental Business
Atlanta, GA, May 4, 2012 -- Beazer Homes has formed a new real estate investment trust consisting initially of 200 single-family homes in Phoenix and Las Vegas that the firm plans to rent rather than sell.
Unemployment Falls in April
Washington, DC, May 4, 2012 -- The economy created 115,000 jobs in April, according to the Labor Department.
Armstrong Tile Wins Design Award
Lancaster, PA, May 4, 2012 -- Armstrong Commercial Flooring was honored with a Bronze award in Sustainable Living/Environmental Preservation for Striations BBT BioBased Tile in the 2011 International Design Awards (IDA).
Mortgage Rates Hit New Record Lows
Washington, DC, May 4, 2012 -- Average fixed mortgage rates fell to new all-time record lows this week, according to Freddie Mac.
Fishman Ownership Goes to Employees
Baltimore, MD, May 4, 2012 -- Fishman Flooring Solutions said it has purchased all outstanding shares of the company’s stock, giving its employees 100 percent ownership of the business.
Minnesota Furniture Retailer Expands Flooring
Coon Rapids, MN, May 4, 2012 -- HOM Furniture said it is expanding its offering of flooring products with its new World Floor and Rugs department.
Economists See Improving Employment Picture
Washington, DC, May 3, 2012 -- The unemployment rate is likely to fall below 8% by election day, according to an Associated Press survey of 32 economists.
Jobless Claims Fall More Than Expected
Washington, DC, May 3, 2012 -- Initial claims for unemployment benefits fell by 27,000 to 365,000 in the week ended April 28, according to the Labor Department.