Mohawk Stock Downgraded to Neutral
New York, NY, Oct. 1, 2009--Mohawk Industries Inc. stock was downgraded at SunTrust from Buy to Neutral.
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.
Construction Spending Surges in August
Washington, DC, Oct. 1, 2009--Construction spending in the U.S. unexpectedly rose at its fastest pace in nearly a year in August.
IMF Sees Faster World Economic Recovery
Washington, DC, Oct. 1, 2009--The global economy is recovering faster than expected, according to the International Monetary Fund.
August Pending Home Sales Higher Than Expected
Washington, DC, Oct. 1, 2009--Pending home sales in the U.S. increased more than forecast in August, reinforcing signs of a rebound in housing, industry figures showed today.
Online Job Advertising Fell in September
New York, NY, Oct. 1, 2009--Online advertised vacancies declined by 101,800 to 3,363,000 in September, according to The Conference Board Help-Wanted OnLine Data Series.
Personal Spending, Income, Up in August
Washington, DC, Oct. 1, 2009--Personal spending increased 1.3% in August, the largest monthly increase since October 2001, while income rose by 0.2%.
Private Sector Job Cuts Lowest in 14 Months
Washington, DC, Sept. 30, 2009--Private-sector firms in the U.S. cut 254,000 jobs in September, according to the ADP employment report.
Fannie Says Mortgage Defaults Hit Record in July
Washington, DC, Sept. 30, 2009--Fannie Mae, the government's mortgage-finance company, said that defaults rose to a record in July.
Second Quarter GDP Revision Better Than Expected
Washington, DC, Sept. 30, 2009--U.S. real gross domestic product for the second quarter was revised to a decline of 0.7% annualized from the earlier estimate of a 1.0% drop, the Commerce Department said Wednesday.
SBCA Honors Vero Beach Flooring Firm
Vero Beach, FL, Sept 30, 2009--Creative Floors Carpet One of Vero Beach was named the 2009 Best of Business Award in the flooring category by the Small Business Commerce Association.