Bernanke Says Deficit Reduction Plan Necessary
Washington, DC, Feb. 26, 2010--Federal Reserve Chairman Ben Bernanke said lawmakers need to develop a credible plan to deal with the medium-term deficit or there could be consequences for the economy.
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.
Mohawk Swings To $20 Million Fourth Quarter Profit
Calhoun, GA, Feb. 25, 2010--Mohawk Industries reported fourth quarter net earnings of $20 million or $0.29 per share.
GDP Revised Higher on Growing Inventories
Washington, DC, Feb. 26, 2010--Fourth quarter Gross Domestic Product grew a little faster than previously reported, according to the Commerce Department.
Consumer Sentiment Dips in February
Ann Arbor, MI, Feb. 26, 2010--Consumer sentiment was weaker in February, according to the Thomson Reuters/University of Michigan's Surveys of Consumers.
January Existing Home Sales Fall
Washington, DC, Feb. 26, 2010--Home and condo resales in the U.S. fell 7.2% in January to an annual rate of 5.05 million, the lowest in seven months, the National Association of Realtors said Friday.
FHFA Says House Prices Fell in Fourth Quarter
Washington, DC, Feb. 26, 2010--Federal Housing Finance Agency said U.S. house prices fell slightly in the fourth quarter.
Shaw Develops New Scuff Resistant Wood Finish
Dalton, GA, Feb. 26, 2010--Shaw has rolled out a new high performance hardwood finish that is initially being used on its Epic engineered products.
Renamed Parquet Association Gets New Members
Hannover, Germany, Feb. 26, 2010--The Global Flooring Alliance, a newly-named association to promote the use of parquet flooring, has three new members.
Stainmaster Exclusive to Lowe's in Home Centers
Kennesaw, GA, Feb. 24, 2010--Lowe's will become the only major home improvement retailer offering Stainmaster carpet.
Bernanke Says Interest Rates To Remain Low
Washington, DC, Feb. 25, 2010--Federal Reserve Chairman Ben Bernanke said Wednesday that he wasn't close to raising interest rates and tightening credit.