Chain Store Sales Equal Last Two Months
New York, NY, Aug. 18, 2009--Weekly chain store sales in the U.S. for the week that ended Aug. 15 were 0.6 percent lower than one year ago, but basically little changed from the past two months.
Today's Flooring News
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Forbo Sales Helped by Bonar Acquisition
Baar, Switzerland, Aug. 19, 2009--The Forbo Group said that the decline in sales that began in the last three months of 2008 continued in the first half of 2009.
Study Slams Economic Impact of Climate Bill
Washington, DC, Aug. 12, 2009—The National Association of Manufacturers and the American Council for Capital Formation released a study on the impact of The American Clean Energy and Security Act of 2009.
Buffett Says Economy on Path to Recovery
Washington, DC, Aug. 19, 2009--The U.S. economy appears to be on a slow path to recovery, Warren Buffett wrote in an opinion column in the New York Times.
Home Refinancing Rebounds as Rates Drop
Washington, DC, Aug. 19, 2009--Swings in mortgage rates over the past month have resulted in "seesaw-like activity" in the volume of refinancing applications, the Mortgage Bankers Association said Wednesday.
Overall Housing Starts Fall, But Single Family Up
Washington, DC, Aug. 18, 2009--Housing starts edged lower in July following a surge in the previous month, according to the Commerce Department.
Homebuilder Confidence Edges Higher
Washington, DC, Aug. 17, 2009--U.S. homebuilders were more confident in August than at any time in the past year.
Home Depot Beats Expectations, Raises Guidance
Atlanta, GA, Aug. 18, 2009--Home Depot Inc. reported that its fiscal second-quarter profit fell 7 percent, as the home-improvement retailer shuttered its Expo business and continued to be squeezed by the recession.
Goodwill Industries Buys Bay Area Carpet Recycler
San Jose, CA, Aug. 17, 2009--Goodwill Industries of Silicon Valley said it has acquired the carpet collection and sorting business from SF Carpet Recycling.
Armstrong Says TPG Investment To Help Operations
Lancaster, PA, Aug. 18, 2009--TPG Capital previously announced it has agreed to purchase seven million shares of Armstrong World Industries, Inc.