Services Sector Expands Modestly in May
Washington, DC, June 3, 2011 -- Growth in the U.S. service sector accelerated slightly in May, according to a survey by the Institute for Supply Management.
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.
Mortgage Rates Hit New Low for Year
Washington, DC, June 3, 2011 -- Fixed mortgage interest rates hit a new low for the year, representing the seventh consecutive weekly decline, according to the latest survey from Freddie Mac.
Initial Unemployment Claims Edge Down
Washington, DC, June 2, 2011 -- New claims for unemployment benefits fell last week, according to the Labor Department.
Oil Dips Below $100 on Higher Inventories
New York, NY, June 2, 2011 -- Oil prices fell below $100 a barrel Thursday in Asia after U.S. crude supplies jumped unexpectedly. Benchmark oil for July delivery was down to $99.82 a barrel.
Manufacturing Growth Slows in May
Washington, DC, June 2, 2011 -- The Institute for Supply Management on Wednesday said its gauge of U.S. manufacturing activity fell to 53.5% last month from 60.4% in April.
Armstrong Negotiating with Ceiling Plant Workers
Marietta, PA, June 2, 2011 -- Armstrong World Industries and its unionized Marietta ceiling plant workers resumed talks Wednesday, according to Lancaster Online.
Michigan, Indiana Tile Mart Stores Closing
Benton Harbor, MI, June 2, 2011 -- The five Tile Mart stores in Michigan and Indiana will close soon as the owner retires, according to Michigan Business Review.
Armstrong LVT Wins Hospitality Design Award
Lancaster, PA, June 2, 2011 -- Armstrong Commercial Flooring won top honors in the 2011 International Interior Design Association/ Hospitality Design competition in the Resilient Flooring Category.
Worker Productivity Slows in First Quarter
Washington, DC, June 2, 2011 -- U.S. worker productivity slowed in the first quarter and labor costs increased as companies boosted employment to meet rising demand, the Labor Department said.
Lumber Liquidators Doubles Bellawood Warranty
Toano, VA, June 2, 2011 -- Bellawood, Lumber Liquidators premium flooring brand, has increased its warranty from 50 to 100 years and added a warranty transfer option for homeowners.