Oil Prices Back Below $50
New York, NY, April 13, 2009--Oil prices fell below $50 a barrel Monday after the International Energy Agency said it expects global crude demand to drop this year amid the worst worldwide recession in decades.
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.
Economists Point to Second Half Growth
Washington, DC, April 10, 2009--Consumer spending and a recovery in the housing sector recover should help the economy begin turning around in the second half of the year.
Florida Tile Gets Greenguard Certification
Lakeland, FL, April 10, 2009--Florida Tile said that it is the only supplier of tile and stone products to receive Greenguard for Children and Schools certification.
Tarkett, Aconcagua, Restructure Joint Venture
Clarion, PA, April 9, 2009--Tarkett Inc. and Chilean wood panel company Aconcagua Timber (ATC) are restructuring the ownership of their wood panel and laminate joint venture.
Mohawk Stock Downgraded to 'Sell'
Cleveland, OH, April 10, 2009--Mohawk Industries was downgraded to "sell" by Longbow Research with a price target of $20.
Feds Say Refinancing Program Starting To Work
Washington, DC, April 10, 2009--U.S. Housing Secretary Shaun Donovan said that the two-month-old Making Home Affordable program was beginning to work.
Pockets of Optimism in Retail Sales Report
New York, NY, April 10, 2009--March retail sales showed encouraging signs that consumers are no longer cutting their spending, a key to finding a bottom to the recession.
Tarkett Wood Using Valinge's 5G Locking System
Viken, Sweden, April 9, 2009--Tarkett Wood is launching parquet products with the Välinge 5G locking system.
Index Shows Turnaround in Consumer Confidence
New York, NY, April 9, 2009--Reversing seven months of crumbling confidence, Americans' economic enthusiasm rallied this month, according to the most recent results of the RBC CASH Index.
Stimulus To Impact Construction Starting in May
Norcross, GA, April 9, 2009--Reed Construction Data says that the first signs of the federal stimulus spending will be felt in the construction industry in May, with a gradual pickup the rest of the year.