AP Survey of Economists Predicts Slow Growth
Washington, DC, July 29, 2010--A survey of leading economists by the Associated Press suggests that the economic recovery will remain slow deep into next year.
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.
Initial Jobless Claims Fall
Washington, DC, July 29, 2010--Initial jobless claims fell 11,000 to 457,000 in the week ended July 24, the Labor Department reported Thursday.
Tennant Profits More Than Double in Second Quarter
Minneapolis, MN, July 29, 2010--Tennant Co. reported second quarter net earnings of $6.2 million, or $0.32 per share , on net sales of $166.1 million.
Stifel Nicolaus Raises Estimates for Interface
Baltimore, MD, July 29, 2010--Analyst Stifel, Nicolaus & Co. is maintaining its "buy" rating on carpet maker Interface Inc. and has raised its estimates for the firm.
Fed's Beige Book Reports Slower Growth
Washington, DC, July 29, 2010--The Federal Reserve said economic growth slowed in some areas recently, hurt by commercial real estate and the expiration of a tax credit for homebuyers.
Dixie Group Reports Double-Digit Sales Growth
Chattanooga, TN, July 29, 2010--The Dixie Group reported second quarter net loss of $744,000, or $0.06 per share, compared with a net loss of $1,067,000, or $0.09 per share, for the year-earlier period.
Shaw Closing Maine Wood Veneer Plant
Patten, ME, July 28, 2010--Shaw Industries is closing a wood veneer mill in the northern Maine town of Patten.
WFCA Winds Up Summer Media Tour
Anaheim, CA, July 28, 2010--Through ongoing and aggressive programs and tactics, the World Floor Covering Association says it continues to reach target consumers in record numbers.
Roll-Master's Botelho Dies at North Carolina Home
Lexington, NC, July 28, 2010--Robert J. Botelho, executive vice president of Roll-Master Software for the last 13 years, died Tuesday July 6 at home.
Home Ownership Lowest in a Decade
Washington, DC, July 28, 2010--Nearly 19 million homes in the U.S. stood empty during the second quarter, according to a report by the U.S. Census Bureau.