Hooker Furniture Third Quarter Earnings Up
Martinsville, VA, December 6, 2007--Hooker Furniture reported third-quarter earnings that rose as the company cut costs and as sales fell.
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.
Evans of Tandus Gets Smrekar Award
Dalton, GA, December 4, 2007-– Paul Evans, director of technical services for Tandus, received the Joseph J. Smrekar Memorial Award at the Annual Meeting of the Carpet and Rug Institute
Mortgage Applications Surge, Could Be Deceiving
Washington, DC, December 5, 2007—An increase in financing activity caused mortgage applications in the U.S.to increase by the largest amount in more than three years, according to the Mortgage Bankers Association.
Layoffs Up 15.9% in November
Chicago, IL, December 5, 2007--Companies announced layoffs jumped 15.9% last month as the economy grappled with a worsening housing slump and credit crisis, according to Challenger Gray & Christmas.
3Q Productivity Up 6.3%
Washington, DC, December 5, 2007--Productivity in the third quarter rose at an annual rate of 6.3%.
ADP Reports 159,000 Jobs Added in November
New York, NY, December 5, 2007--Nonfarm private employment grew 189,000 from October to November of 2007 on a seasonally adjusted basis, according to the ADP National Employment Report.
Bentley Prince Street Launches the ViVA LA
City of Industry, CA, December 5, 2007-- Bentley Prince Street has launched ViVA LA, a collection of three carpet patterns designed in collaboration with Los Angeles-based artist Andre Miripolsky.
Freddie Mac: Home Price Drop Most in 25 Years
New York, NY, December 5, 2007--Home prices dropped the most in a quarter century in the third quarter as inventories, restrictive lending and a credit crunch yanked support from the market, a Freddie Mac index showed on Tuesday.
Wellman to Leave NYSE
Fort Mill, SC, December 5, 2007--The New York Stock Exchange will suspend trading of Wellman Inc.’s common stock prior to the market opening on December 10 and will move to delist the stock.
Nourison Adds Designs to Liz Claiborne Collection
Saddle Brook, NJ, December 5, 2007--With the successful launch of the Liz Claiborne Home Area Rug Collection in January 2007, Nourison will have several additions for January.