Construction Firm Skanska Sees Improving U.S.
Stockholm, Sweden, Nov. 5, 2009--Swedish construction company Skanska AB Thursday said economic conditions seem to be improving even though sales in some of its key markets will continue falling in 2010.
Today's Flooring News
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Fed Not Likely To Raise Rates Soon
Washington, DC, Nov. 5, 2009--Federal Reserve officials gave no indication that it will raise interest rates anytime soon, saying an increase will depend on when the labor market and inflation pick up.
Jobless Claims Fall, Productivity at 6-Year High
Washington, DC, Nov. 5, 2009--Initial jobless claims fell by 20,000 to a seasonally adjusted 512,000 in the week ending Oct. 31, the Labor Department reported Thursday.
Survey Sees Commercial Real Estate Bottom in 2010
Washington, DC, Nov. 5, 2009--The U.S. commercial real estate market is likely to hit bottom in 2010, according to a survey of industry investors, developers, lenders and consultants.
Homebuilder Pulte Sees Continuing Challenges
Bloomfield Hills, MI, Nov. 5, 2009--Pulte Homes reported a net loss of $361.4 million, or $1.15 a share, compared with a year-earlier loss of $280.4 million, or $1.11 a share.
Lumber Liquidators Reports Earnings
Toano, VA, Nov. 4, 2009--Lumber Liquidators, Inc. said that third quarter net income increased 42.1% to $7.8 million, or $0.28 per share, compared to $5.5 million, or $0.20 per sharea year ago.
Ulster Carpets Expands Into Middle East
Belfast, Northern Ireland, Nov. 4, 2009--Ulster Carpets is expanding into Dubai in an effort to tap into the new market for the company.
Roppe Gets State Loan for Ohio Expansion
Fostoria, OH, Nov. 4, 2009--The Ohio Department of Development has awarded Roppe Corp.a $1.3 million loan for renovations and expansion.
IICRC Begins Work on Carpet Inspection Guide
Vancouver, WA, Nov. 4, 2009--The Institute of Inspection, Cleaning and Restoration Certification (IICRC) will begin drafting the R800 Reference Guide for Carpet Inspection.
Mannington Named NAWBO Company of Year
Salem, NJ, Nov. 4, 2009--Mannington Mills has been named 2009 Company of the Year by the South Jersey chapter of the National Association of Women Business Owners (NAWBO).