Fannie Mae Need More Funds from Taxpayers
Washington, DC, Aug. 8, 2011 -- Fannie Mae said it needs an additional $5.1 billion from the government due to continued losses on loans made before to 2009.
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.
Anderson Receives Georgia Tech Honorary Ph.D.
Atlanta, GA, Aug. 8, 2011 -- Interface founder and chairman Ray Anderson, was awarded an honorary doctorate from Georgia Tech for his work championing of the business case for sustainability.
Mohawk Reports Lower Earnings on Higher Sales
Calhoun, GA, Aug. 4, 2011 -- Mohawk Industries reported second quarter net earnings of $61 million and earnings per share of $0.88. A year ago Mohawk recorded earnings of $68 million and per share earnings of $0.95.
Jobless Rate Improved and Payrolls Rose in July
Washington, DC, August 5, 2011--Last month, the economy improved as 117,000 new jobs were added, following a 46,000 job increase in June, according to the Labor Department.
Oil Prices Continue Recent Plunge
New York, NY, Aug. 5, 2011 -- Oil prices extended recent sharp losses, falling to near $85 a barrel Friday.
Teragren Signs Distributor The Master's Craft
Bainbridge Island, WA, Aug. 2, 2011 -– Bamboo flooring firm Teragren said it has signed a new distribution agreement with The Master’s Craft.
Empire Today Expands in South Carolina
Northlake, IL, Aug. 5, 2011 -- Empire Today said it has expanded its services in South Carolina, serving the Greenville-Spartanburg and Columbia areas.
Dixie Group Swings To Second Quarter Profit
Chattanooga, TN, Aug. 4, 2011 -- The Dixie Group reported second quarter net income of $766,000 or $0.06 per share, compared to a net loss of $744,000 in the second quarter last year.
Initial Jobless Claims Edge Lower
Washington, DC, Aug. 4, 2011 -- New applications for unemployment benefits edged down to 400,000, a decline of 1,000, according to the Labor Department.
Beaulieu Downsizing at Alabama Spun Yarn Plant
Eufaula, AL, Aug. 4, 2011 -- Beaulieu of America is downsizing at its spun yarn plant in Eufaula, as the industry continues to move from spun yarn to filament.