Initial Jobless Claims Decline Again
Washington, DC, Dec. 16, 2010 -- Initial jobless claims fell unexpectedly last week, the Labor Department reported Thursday.
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.
BR-111 Appeals $1.6 Million Arbitration Award
Miami, FL, Dec. 16, 2010 -- BR-111 said it is appealing a decision by an arbitration panel that awarded payment of nearly $1.6 million to exotic wood firm Triangulo related to unpaid invoices.
Sharp Drop in Foreclosures Likely Temporary
Irvine, CA, Dec. 16, 2010 -- The number of foreclosure notices filed in November fell 21%, the biggest month-over-month drop ever recorded by RealtyTrac.
Tile of Spain Names Reign in Spain Winners
Valencia, Spain, Dec. 16, 2010 -- Tile of Spain has named the four winners of its annual Reign in Spain A&D Tour contest.
Pfleiderer Closing Two European Plants
Neumarkt, Germany, Dec. 16, 2010 -- Pfleiderer said it will close a particleboard plant in Ebersdorf and its MDF plant in Nidda.
Carpetright Warns of Higher Carpet Prices
London, England, Dec. 16, 2010 -- Carpetright, the UK's biggest floor covering specialist, said that soaring raw material costs will drive carpet prices up by as much as 7% over the coming months.
UK's United Carpets Sees Sales, Income Drop
London, England, Dec. 16, 2010 -- Mexborough-based United Carpets Group said sales and income declined amid a "very challenging trading environment."
Homebuilder Confidence Remains at Low Levels
Washington, DC, Dec. 15, 2010 -- U.S. homebuilder confidence remained unchanged at depressed levels in December from a month earlier, according to the National Association of Home Builders/Wells Fargo index.
CEOs See More Sales, Hiring in 2011
Washington, DC, Dec. 15, 2010 -- CEOs expect sales and hiring to pick up next year, although the outlook for economic growth remains muted, according to the Business Roundtable.
Federal Reserve Vows To Continue Policy
Washington, DC, Dec. 15, 2010 -- The Federal Reserve said that even though there are signs of economic improvement, it will continue to pump money into the financial system so long as unemployment remains high.