October Retail Sales Worst Since 1969
New York, NY, Nov. 6, 2008--The nation's retailers saw their sales fall last month to the weakest October level since at least 1969, as the financial crisis and mounting layoffs left shoppers too scared to shop.
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.
Dow Says Lomax Technology Surpassed Expectations
Dalton, GA, Nov. 6, 2008--The U.S. Environmental Protection Agency, Dow Chemical Co. and the City of Dalton partnered in a renewable energy project that has far exceeded expectations in its first quarter of operation, Dow said.
Initial Jobless Claims Higher Than Expected
Washington, DC, Nov. 6, 2008--Initial jobless claims rose more than anticipated last week and total jobless rolls climbed to the highest level in 25 years.
J&J Industries Named Top Place To Work in Georgia
Dalton, GA, Nov. 6, 2008--Dalton-based J&J Industries has been named one of the state’s 15 best places to work by Georgia Trend magazine.
Schwarzenegger Proposes 90-Day Foreclosure Stay
Sacramento, CA, Nov. 6, 2008--Gov. Arnold Schwarzenegger has unveiled a proposal to help borrowers modify troubled mortgages while making lenders more accountable.
Beaulieu Canada Settles Strike, Plant To Reopen
Acton Vale, Quebec, Canada, Nov. 4, 2008 – After months of negotiations, Beaulieu Canada and its workers have reached an agreement to end the workers' strike and the Acton Vale plant will remain open.
SCS Now Testing in China Under CA Air Standards
Emeryville, CA, Nov. 5, 2008--Scientific Certification Systems has become the first accredited certifier under California's newly mandated formaldehyde emissions control program to provide California-accredited laboratory testing capacity in China.
Mortgage Application Volume Falls 20%
Washington, DC, Nov. 5, 2008--Mortgage application volume filed last week fell 20.3% compared with the previous week, as rates on fixed-rate mortgages increased, the Mortgage Bankers Association reported on Wednesday.
Home Furnishings Sales Off 20% from Last Year
New York, NY, Nov. 5, 2008--U.S. consumers cut spending in October and avoided purchases of items over $1,000, according to figures released on Wednesday by SpendingPulse, the retail data service of MasterCard Advisors.
Major Home Builders Continue To Struggle
Fort Worth, TX, Nov. 5, 2008--Home builders continue to struggle with the weak housing market.