Consumer Borrowing Down in Third Quarter
New York, NY, Nov. 29, 2011 -- Consumer borrowing declined slightly in the third quarter, according to the Federal Reserve Bank of New York.
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.
Landfill Closure Firm To Use Shaw Synthetic Turf
Dalton, GA, Nov. 29, 2011 -- Shaw Industries will become the exclusive provider of synthetic turf material used by ClosureTurf, LLC, an Atlanta-based landfill closure systems provider.
Brodsky Named Vice Chair of Cancer Group
Bedford, NH, Nov. 29, 2011 -- CCA Global Partners co-CEO Howard Brodsky has been named a 2011 vice chair of the New England Chapter of CEOs Against Cancer.
Topps Tiles Sees Annual Profit Fall
London, England, Nov. 29, 2011 -- Britain's largest tile retailer Topps Tiles reported an underlying pretax profit of $21.6 million in the year to Oct. 1.
Consumers Set Weekend Spending Record
New York, NY, Nov. 28, 2011 -- U.S. consumers spent a record $52.4 billion over the weekend to kick off the holiday shopping season.
New Home Sales Rise Modestly in October
Washington, DC, Nov. 28, 2011 -- Sales of new single-family homes rose 1.3% in October to an annual rate of 307,000, according to data from the Census Bureau and Housing Department.
Style Says It's Exempt from Tariffs
Perth, Australia, Nov. 28, 2011 -- Australian flooring company Style Limited said it has been made exempt from antidumping tariff charges in the U.S. on multi-layered wood flooring imported from China.
Oil Prices Up Sharply Monday
New York, NY, Nov. 28, 2011 -- Oil prices rose above $99 a barrel Monday in Asia.
Fed Poised To Buy More Mortgage Debt
New York, NY, Nov. 28, 2011 -- The biggest bond dealers in the U.S. say the Federal Reserve is poised to start a new round of stimulus by purchasing mortgage securities instead of Treasuries, according to a Bloomberg News story.
McGraw-Hill Sees Higher Housing Starts in 2012
Atlanta, GA, Nov. 23, 2011 -- McGraw-Hill Construction predicts that overall U.S. construction starts for next year will remain essentially flat, although some sectors such as housing will fair much better.