Fed Says Economy Moderating, Leaves Rates Alone
Washington, DC, Aug. 13, 2009--The Federal Reserve's Open Market Committee said Wednesday that it will keep interest rates exceptionally low "for an extended period of time."
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.
Retail Sales Fall Unexpectedly in July
New York, NY, Aug. 13, 2009--Retail sales fell in July after two straight months of gains, the Commerce Department reported.
Oriental Weavers Records Higher Net Income
Cairo, Egypt, Aug. 13, 2009--Oriental Weavers posted first half net income after minority interest of 162.7 million Egyptian pounds ($29.3 million), the firm said on Thursday, compared to 154.3 million pounds ($27.8 million) a year ago.
Congoleum Swings to Loss in Second Quarter
Mercerville, NJ, Aug. 12, 2009--Congoleum Corporation reported a net loss for the second quarter of $942,000 versus net income of $212,000 a year ago.
Certified Green Professional Designation Growing
Washington, DC, Aug. 13, 2009--The number of home builders, remodelers and other members of the real estate and construction industry who hold the Certified Green Professional educational designation now tops 4,000.
Groups Sponsor Contest To Design Green Hotel Suite
Washington, DC, Aug. 12, 2009--The American Society of Interior Designers, the U.S. Green Building Council, and the Network of Executive Women in Hospitality are giving design professionals a chance to design a sustainable hotel suite.
Home Foreclosures Continue To Rise
Washington, DC, Aug. 13, 2009--Foreclosure filings were up 32 percent from the same month last year, RealtyTrac Inc. said Thursday.
Home Resales Up Nearly 4 Percent
Washington, DC, Aug. 12, 2009--Existing-home sales in the second quarter showed gains from the first quarter in the vast majority of states.
Luxury Builder Toll Brothers Has Contract Increase
Horsham, PA, Aug. 12, 2009--Luxury home builder Toll Brothers said on Wednesday it expects to report a 42 percent drop in third-quarter home building revenue, but said net signed contracts increased in the quarter.
Star Flooring Is Newest Starnet Member
Darien, CT, Aug. 12, 2009--The newest member of the Starnet Worldwide Commercial Flooring Partnership is Star Flooring & Decorating located in Wichita, Kan.