Rieter Group Sees First Half Profits Surge
Winterthur, Switzerland, July 27, 2011 -- The Rieter Group reported a profit of $113 million in the first half of the year, compared to $9.3 million in the first half of 2010.
Today's Flooring News
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Mortgage Applications Fall as Rates Edge Up
Washington, DC, July 27, 2011 -- Rising interest rates contributed to a weekly drop in mortgage applications, according to the Mortgage Bankers Association.
Weak Sales Top Problem for Small Business
Washington, DC, July 27, 2011 -- Weak sales is the top problem small businesses face, and it's a primary reason the economy is growing slowing, according to the National Federation of Independent Business.
CFI Convention Gets Underway Aug. 11
Kansas City, MO, July 27, 2011 -- The International Certified Floorcovering Installers Association will mark its 18th anniversary at its annual meeting Aug. 11-13.
Durable Goods Orders Decline in June
Washington, DC, July 27, 2011 -- Orders for durable goods fell 2.1% last month, the Commerce Department reported Wednesday.
Lumber Liquidators Net Income Plummets
Toano, VA, July 26, 2011 -- Lumber Liquidators in the second quarter reported that net income that fell 41.9% to $5.3 million, or $0.19 per share.
Consumers Grow More Confident in July
New York, NY, July 26, 2011 -- Consumer confidence rose in July, the Conference Board reported Tuesday.
Home Prices Rise for Second Consecutive Month
Washington, DC, July 26, 2011 -- Home prices in major U.S. cities rose for the second straight month in May, according to the Standard & Poor's/Case-Shiller home-price index released Tuesday.
Chain Store Sales Higher Than Last Year
New York, NY, July 26, 2011 -- U.S. chain-store weekly sales rose 4.2% over last year, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs.
Sales of New Homes Fall in June
Washington, DC, July 26, 2011 -- Sales of new homes fell 1% in June, according to the Commerce Department.