Wholesale Inventories Up Most Since 2011
Washington, DC, March 8, 2013 -- Wholesale inventories rose 1.2% in January, which was the fastest rate since December 2011, according to the Commerce Department.
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Household Wealth Nearly Back to 2007 Levels
Washington, DC, March 8, 2013 -- Household wealth in the U.S. climbed in the fourth quarter and is nearly back to 2007 levels, according to the Federal Reserve.
Housing Recovery Helps Fuel Economic Gains
Washington, DC, March 7, 2013 -- The housing recovery along with increased auto sales and employment gains helped the economy grow in January and February, according to the Federal Reserve's Beige Book report.
Immigrants Continue To Spur Housing Demand
Washington, DC, March 7, 2013 -- Immigrants will increasingly buy and rent homes in the U.S. through 2020, according to a new report created for the Mortgage Bankers Association.
New Unemployment Claims Fall Again
Washington, DC, March 7, 2013 -- Initial applications for unemployment benefits fell last week to a seasonally adjusted 340,000, according to the Labor Department.
Mohawk Shares Hit New 52-Week High
New York, NY, March 7, 2013 -- Shares of Mohawk Industries hit a new 52-week high Tuesday and continued the uptrend this week as shares were trading Thurday morning near $112.
Warp & Weft Opens New York Showroom
New York, NY, March 7, 2013 -- Rug maker Warp & Weft has opened a new 3,000 square foot showroom in the Decoration & Design Building in New York City.
Planned Job Cuts Rise in February
Chicago, IL, March 7, 2013 -- Planned layoffs by U.S. companies rose 37% in February from January, mostly driven by job cuts in the financial sector, according consulting firm Challenger Gray & Christmas.
ADP Jobs Report Better Than Expected
Roseland, NJ, March 6, 2013 -- Business added 198,000 jobs in February, according to payroll processor ADP in its monthly report.
Milliken Again on Most Ethical Companies List
Spartanburg, SC, March 6, 2013 -- Milliken & Company said it has been named to the 2013 World’s Most Ethical Companies list by the Ethisphere Institute for the seventh consecutive year.