Pittsburgh Carpet Chain Closing Down Business
Pittsburgh, PA, Sept. 17, 2009--Carpet retailer Roth Carpet is going out of business, thanks to a lingering recession and competition from big box stores.
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Initial Jobless Claims Lower Than Expected
Washington, DC, Sept. 17, 2009--Initial jobless claims fell 12,000 to a 545,000 last week, the lowest since mid-July, the U.S. Labor Department reported Thursday.
Armstrong Has No Opinion on Low Tender Offer
Lancaster, PA, Sept. 15, 2009--Armstrong World Industries said it has no opinion as to whether the company's stockholders would benefit by taking advantage of a tender offer by Armor TPG Holdings.
Galloway Named VP at Patcraft Designweave
Dalton, GA, Sept. 16, 2009--Jeff Galloway was recently named vice president of marketing for Patcraft Designweave, a division of Shaw Industries, Inc.
Buffett Says Worst of Housing Crisis Has Passed
New York, NY, Sept. 16, 2009--Warren Buffett told financial cable station CNBC that the economy hasn't deteriorated but also hasn't improved over the past three months.
Fed Chairman Bernanke Says Recession Likely Over
Washington, DC, Sept. 16, 2009--Federal Reserve Chairman Ben Bernanke said Tuesday the recession is probably over.
Mortgage Applications Down Last Week
Washington, DC, Sept. 16, 2009--Mortgage application volume last week fell 8.6% compared with the week before.
Industrial Output Higher Than Expected in August
Washington, DC, Sept. 16, 2009--U.S. factories made more cars, clothing and other goods than expected in August, and inflation remained tame, the Federal Reserve said Wednesday.
Credit Card Defaults Continue To Rise
New York, NY, Sept. 16, 2009-- Three of the largest credit-card lenders said defaults climbed in August as the unemployment rate increased and the impact of tax refunds lessened.
Little Sign of Inflation in Government Report
Washington, DC, Sept. 16, 2009--Consumer prices increased 0.4 percent in August, bolstering the Federal Reserve’s view that inflation will be contained.