Economist Predicts 3.5% Growth Next Year
New York, NY, Dec. 28, 2009--A prominent economist believes the U.S. economy will expand 3.5% in 2010.
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.
Oil Prices Headed Back Toward $80
New York, NY, Dec. 28, 2009--Crude oil prices held near $78 a barrel Monday in Asia ahead of inventory figures later in the week that could send it through the $80 mark.
November New Home Sales Down Unexpectedly
Washington, DC, Dec. 23, 2009--New Home sales unexpectedly fell in November, indicating a housing recovery may be slow to develop.
Retail Federation Objects to Health Reform Bill
Washington, DC, Dec. 23, 2009 – The National Retail Federation said the healthcare bill will hurt retailers.
J&J CEO Bethel Retiring at End of Year
Dalton, GA, Dec. 22, 2009--After 30 years of service to J&J Industries, CEO Jim Bethel will retire at the end of the year.
Consumer Sentiment Up Sharply From November
Ann Arbor, MI, Dec. 23, 2009--Consumer sentiment increased in December for the first time in three months as companies slowed the pace of job cuts and stocks advanced.
Analyst More Optimistic About Mohawk in 2010
New York, NY, Dec. 23, 2009--Flooring industry analyst Stifel Nicolaus is revising its outlook for Mohawk Industries for next year.
Personal Income, Spending Rise in November
Washington, DC, Dec. 23, 2009--The Commerce Department said Wednesday that personal income increased 0.4% compared with October, while spending increased by 0.5%.
Backing Flame Retardant Faces Phase Out
Washington, DC, Dec. 23, 2009--A flame retardant used in carpet backing and other products will be phased out in a deal between manufacturers and federal regulators.
Geithner Says Events Won't Trigger Crisis
Washington, DC, Dec. 23, 2009--Treasury Secretary Timothy Geithner said Tuesday he's confident there won't be a repeat of last year's financial crisis.