Mortgage Rates Continue To Rise
Washington, DC, July 31, 2009--Mortgage rates rose for a second consecutive week, which could pressure property sales.
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.
Tennant Earnings Buoyed By New Cleaning Technology
Minneapolis, MN, July 30, 2009--Tennant Company reported net earnings of $3 million, or $0.16 per share, on second quarter net sales of $148.6 million
Chicago Manufacturing Index Improves Again
Chicago, IL, July 31, 2009--Manufacturing activity improved for the second straight month in the Chicago region in July.
Stimulus Saving, Not Creating Construction Jobs
Washington, DC, July 31, 2009--The federal government's $787 billion stimulus plan is having little effect on job creation but appears to be saving jobs, according to the Associated General Contractors of America.
Armstrong Earnings Tumble as Housing Struggles
Lancaster, PA, July 30, 2009--Armstrong World Industries Inc. said income from continuing operations was $28.3 million, or $0.50 per share in the second quarter, compared to $52.4 million, or $0.92 per share a year ago.
Interface Profitable Despite Falling Sales
Atlanta, GA, July 29, 2009--Interface Inc. reported second quarter net income of $5.1 million, or $0.08 per share, compared to $15.9 million, or $0.25 per share a year ago.
Dow Chemical Swings To Loss in Quarter
Midland, MI, July 30, 2009--Dow Chemical Co. reported a second quarter loss on Thursday, as sales fell and the company took large charges to revamp its operations.
Fed Report Shows Signs Economy's Stabilizing
Washington, DC, July 30, 2009--The economy is showing signs of stabilizing in some regions of the country, giving hope of a broader-based recovery this year.
Homebuilder Ryland Reports Smaller 2Q Loss
Calabasas, CA, July 29, 2009--Homebuilder Ryland Group Inc. on Wednesday reported a smaller second quarter loss.
Mohawk Making Cuts at Commercial Carpet Plant
Landrum, SC, July 30, 2009--Mohawk Industries said it will lay off about 45 employees at its Landrum, S.C., commercial carpet plant, according to media reports.