Third Quarter GDP Revised Slightly Higher
Washington, DC, Dec. 22, 2010 -- The Commerce Department said the country's gross domestic product rose 2.6% between July and September, up slightly from its earlier estimate of 2.5%.
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.
Oil Prices Briefly Back Above $90
New York, NY, Dec. 22, 2010 -- Oil prices rose back above $90 a barrel Wednesday in Asia after a report showed U.S. supplies dropped more than expected for a second week.
Mortgage Applications Down on Rising Rates
Washington, DC, Dec. 22, 2010 -- Mortgage application volume fell to its lowest level in nearly a year as rising interest rates took a significant toll on demand, according to the Mortgage Bankers Association.
Wood Flooring Exports to Middle East Growing
Washington, DC, Dec. 22, 2010 -- The American Hardwood Export Council said that 2010 is shaping up to be a record breaking year for American hardwood exports to the Middle East.
FieldTurf, Morton Form Turf Fiber Joint Venture
Montreal, Canada, Dec. 22, 2010 -- FieldTurf and Morton Extrusionstechnik said they have formed a joint venture to develop and produce innovative artificial turf fiber technology.
Shaw, HGTV Team on Exclusive Flooring Line
Dalton, GA, Dec. 21, 2010 -- Shaw Industries and HGTV said they will launch an exclusive flooring line labeled “HGTV Home-Flooring by Shaw.”
Chain Store Sales Increase Most in Ten Weeks
New York, NY, Dec. 21, 2010 -- Chain-store sales for the week ended December 18 rose 4.2% from the year-earlier period, their best performance in at least ten weeks.
Lumber Liquidators Names New President
Toano, VA, Dec. 21, 2010 -- Lumber Liquidators has named Robert M. Lynch president and chief operating officer.
Shaw Living Begins Phase 2 of Consolidation
Dalton, GA, Dec. 21, 2010 -- Shaw Living, the rug division of Shaw Industries, said it has begun the second phase of its rug consolidation plans.
Harris Acquisition Boosts Sales for Q.E.P
Boca Raton, FL, Dec. 21, 2010 --The acquisition of Harris Wood has given a boost to sales for Q.E.P. this year.