Construction Spending Continues To Drop
Washington, DC, Aug. 1, 2008--U.S. construction spending fell by 0.4 percent in June, the Commerce Department reported Friday. The decline was due to weaker outlays on housing and state and local construction.
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.
Employers Shed Fewer Jobs Than Expected in July.
Washington, DC, Aug. 1, 2008--The U.S. unemployment rate rose to a four-year high of 5.7 percent in July as employers cut 51,000 jobs, according to the Department of Labor.
Oil Prices Continue To Fall on Economic Weakness
Singapore, Aug. 1, 2008--Oil prices continued to fall this morning in Asia on expectations that slowing economic growth in developed countries will cut demand for crude products, such as gasoline and heating oil.
Manufacturing Activity Flat in July
Washington, DC, Aug. 1, 2008--U.S. manufacturing activity was flat in July, the Institute for Supply Management reported Friday.
Armstrong Names New General Counsel
Lancaster, PA, Aug. 1, 2008--Armstrong World Industries, Inc.has appointed Jeffrey D. Nickel as senior vice president, general counsel and corporate secretary.
Altro Develops Recycling System for Safety Floor
Hertfordshire, England, July 31, 2008--Altro has set its sights on creating a closed loop recycling system for safety flooring after introducing the first in-house recycling system for the material.
Product Safety Commission Clears Artificial Turf
Washington, DC, July 31, 2008--The U.S. Consumer Product Safety Commission has determined that children are not at risk from exposure to lead in artificial turf grass fields, including rubber crumb types.
Analyst Rates Pfleiderer a 'Sell'
Frankfurt, Germany, July 31, 2008--An analyst has recommended selling shares of Pfleiderer after the company reported earnings that were worse than expected.
GDP Nearly Doubles but Lower Than Expected
Washington, DC, July 31, 2008--The U.S. economy grew this spring at nearly twice its recent rate, due to higher exports, falling imports, and rising spending from the federal stimulus package.
Initial Jobless Claims Rise Sharply
Washington, DC, July 31, 2008--Initial jobless claims for state unemployment benefits for the week ended July 26 rose 44,000 to a much higher than expected 448,000, due partly to an extended benefits program, the Labor Department reported Thursday.