New Factory Orders Rise Unexpectedly in March
Washington, DC, May 4, 2010--New factory orders jumped unexpectedly in March, according to the Commerce Department.
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.
Beazer Homes Swings To Profit on Higher Sales
Atlanta, GA, May 4, 2010--Beazer Homes reported net income from continuing operations of $6.2 million, or $0.10 per share, compared with a loss from continuing operations of $108.7 million, or $2.81 per share, a year earlier.
Omnova Raising Prices Again
Fairlawn, OH, May 4, 2010--Omnova Solutions’ Specialty Chemicals business said it will increase prices $0.03 per dry pound for all GenFlo, GenCeal, Omnabond, GenCryl and GenCal styrene butadiene polymers.
Armstrong Sees Higher Operating Income
Lancaster, PA, May 3, 2010--Armstrong World Industries reported a first quarter 2010 net loss of $19.4 million, or $0.34 per share, compared to a net loss of $11.2 million, or $0.20 per share, in the first quarter of 2009.
Buffett Says American Business Improving
Omaha, NE, May 3, 2010--Berkshire-Hathaway CEO Warren Buffett said Sunday that he's seeing more manufacturing activity, but no big pick-up in the U.S. housing market yet.
Conditions for Manufacturers Best Since 2004
Washington, DC, May 3, 2010--Conditions for the nation's manufacturers improved again in April to the highest level since June 2004, the Institute for Supply Management reported Monday.
Consumer Spending Increase at 5-Month High
Washington, DC, May 3, 2010--Real U.S. consumer spending increased 0.5%, the largest amount in five months, the Commerce Department estimated Monday.
Construction Spending Rises in Public Sector
Washington, DC, May 3, 2010--U.S. construction spending rose unexpectedly in March and was the first advance since October, thanks to increased public construction.
Carpetright CEO Says 'Double Dip' Likely
London, England, May 3, 2010--Carpetright Chief Executive Philip Harris said a "double dip" in the UK economy was likely as his firm reported its second downbeat trading update in five weeks.
Four States Account for Top Foreclosure Rates
Irvine, CA, May 3, 2010--Cities in California, Florida, Nevada and Arizona once again accounted for all top 20 foreclosure rates in the first quarter, according to tracking firm RealtyTrac.