Consumer Sentiment Turns Lower in Early July
Ann Arbor, MI, July 16, 2010--Consumer sentiment weakened in early July to its lowest in 11 months, according to Thomson Reuters/University of Michigan's Surveys of Consumers.
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.
Capel Initiative To Promote NC Firms in Canada
Troy, NC, July 16, 2010--Capel Rugs said it will spearhead an initiative to establish a permanent showroom in Canada, for a consortium of North Carolina-based home furnishings companies.
Georgia Rug Maker Denies Discrimination Charge
Dalton, GA, July 16, 2010--A Dalton, Ga. rug manufacturer has denied allegations that it engaged in "document discrimination."
Buffett Says Recovery Has 'Long Way To Go'
Washington, DC, July 16, 2010--Berkshire Hathaway CEO Warren Buffett told President Barack Obama that the economy still has a long way to go in its recovery and that inventory in the housing market is still a big problem.
Greenspan Backs Letting Tax Cuts Expire
New York, NY, July 16, 2010--Former Federal Reserve chief Alan Greenspan said that Congress should let the tax cuts enacted by President George W. Bush expire for all Americans.
BASF Raising Prices in Europe for Curing Agent
Ludwigshafen, Germany, July 16, 2010--BASF is raising its prices for isophorone diamine in Europe by €200 per metric ton, or by the corresponding amount in local currency, effective immediately.
Economists More Optimistic Than Public: WSJ
New York, NY, July 16, 2010--Economists surveyed by The Wall Street Journal are more optimistic about the direction of the economy than the general public.
Mortgage Rates Remain at Record Lows
Washington, DC, July 16, 2010--The 30-year fixed-rate mortgage remained at record, averaging 4.57% for the week ending July 15, according to Freddie Mac's weekly survey of conforming mortgage rates, released on Thursday.
Consumer Prices Fell in June
Washington, DC, July 16, 2010--The Consumer Price Index fell 0.1% in June, reflecting the third straight monthly decline, the Labor Department reported Friday.
Host Cleaning Products Meet Green Seal Standard
Racine, WI, July 16, 2010--Racine Industries said that its Host dry carpeting cleaning products now meet Green Seal's environmental standard for institutional and industrial cleaners.