Personal Income Fell in June Absent Stimulus
Washington, DC, Aug. 4, 2009--Personal income fell in June after surging in the previous month on government stimulus, while spending by individuals increased, according to the Commerce Deparment.
Today's Flooring News
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Pfleiderer Suspending Bond Interest Payments
Neumarkt, Germany, Aug. 3, 2009--Pfleiderer said it would indefinitely suspend payments of interest on its $370.4 million hybrid bond to preserve its liquidity.
Oil Moves Back Above $70
New York, NY, Aug. 3, 2009--Oil prices moved above $70 a barrel Monday in Asia on investor expectations a recovering global economy will boost crude demand.
Data Show Manufacturing Downturn Nearing End
Washington, DC, Aug. 3, 2009--Conditions for the nation's manufacturers continued to improve in July, the Institute for Supply Management reported Monday.
Construction Spending Rose Unexpectedly in June
Washington, DC, Aug. 3, 2009--U.S. construction spending unexpectedly rose in June, as residential real estate and government projects led the way.
Valinge Says License Volume Sign Market Improving
Viken, Sweden, July 31, 2009--Valinge said that it license volumes improved in the second quarter, rising about 15% from the first quarter 2009.
Greenspan Says Economy's Hit Bottom
Washington, DC, Aug. 3, 2009--Growth may resume at a rate faster than most economists foresee, former Federal Reserve Chairman Alan Greenspan said Sunday.
GDP Better Than Expected, Economy on The Mend
Washington, DC, July 31, 2009--The U.S. economy showed more signs of recovery as the second quarter measure of Gross Domestic Product indicated the economy contracted at a pace of just 1 percent.
Mohawk Earnings Better Than Company Expected
Calhoun, GA, July 30, 2009--Mohawk Industries Inc. reported second quarter net earnings of $46 million and earnings per share of $0.67.
Florida Tile Moving Headquarters to Kentucky
Lakeland, FL, July 30, 2009--Florida Tile Inc. is moving its corporate headquarters to Lexington, Ky., from Lakeland, Fla.