Oriental Weavers First Quarter Profit Falls
Cairo, Egypt, May 14, 2010--Oriental Weavers reported a 5% drop in first-quarter net profit on lower domestic demand.
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.
Consumer Sentiment Rises in Early May
Ann Arbor, MI, May 14, 2010--Consumer sentiment rose in early May, according to the Reuters/University of Michigan index.
Industrial Output Surges Again in April
Washington, DC, May 14, 2010--U.S. manufacturing output increased 1% again in April on jumps in most factory sectors, the Federal Reserve said Friday.
DuPont Preparing for Growth of Sorona Polymer
Loudon, TN, May 13, 2010--DuPont is executing a rapid commercialization strategy in its Applied BioSciences business and sales of Sorona renewable polymer are growing rapidly.
Small Business Lending Programs Ineffective
Washington, DC, May 13, 2010--The federal government's programs to help small businesses obtain credit have not provided the lending necessary to help many businesses grow and create jobs.
Foreclosure Crisis May Be Subsiding
Irvine, CA, May 13, 2010--The foreclosure crisis is finally showing signs of subsiding, according to tracking firm RealtyTrac.
DuChateau Floors Expands Eastern Distribution
San Diego, CA, May 13, 2010--DuChateau Floors has reached agreements with five key distributors along the East Coast.
Initial Jobless Claims Hold Steady
Washington, DC, May 13, 2010--Initial jobless claims essentially held steady at 444,000 in the latest week, the Labor Department reported Thursday.
30-Year Mortgage Rate Lowest in a Year
Washington, DC, May 13, 2010--Freddie Mac said Thursday that mortgage interest rates fell for the fifth straight week with the 30-year fixed-rate mortgage rate falling to a year-low of 4.93%.
Retail Spending Declines in April
New York, NY, May 13, 2010--Americans spent less in retail outlets in April than they did in March, figures released Thursday show.