Analysts Give Pfleiderer 'Buy' Rating
Munich, Germany, Dec. 30, 2008--Analysts at EURO am Sonntag recommend buying the shares of Pfleiderer as a long term investment.
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.
Flooring Sales To Get Boost from China, India
Cleveland, OH, Dec. 30, 2008--World demand for flooring is projected to climb 4 percent annually through 2012 to 15.2 billion square meters, valued at $178 billion, according to a new report.
Berkshire Hathaway Sitting on Pile of Cash
New York, NY, Dec. 30, 2008--Twenty of the largest listed companies in the world are sitting on a combined cash pile of $570 billion, demonstrating how some of the world’s biggest groups retain substantial firepower in the current downturn.
Kuwait Cancels Joint Project With Dow Chemical
Kuwait City, Kuwait, Dec. 29, 2008--Kuwait canceled a $17.4 billion joint venture with Dow Chemical after criticism from lawmakers that could have led to a political crisis in this small oil-rich state.
Surfaces Again Features Education Lineup
Dallas, TX, Dec. 29, 2008--The 2009 Surfaces Education Program will again have an accomplished lineup of industry educators sharing their expert knowledge.
Obama Team Sees Deteriorating Economy
Washington, DC, Dec. 29, 2008--Top advisers to President-elect Barack Obama said Sunday that the short term economic situation is likely to deteriorate more than previously forecast, with double-digit unemployment likely.
Analysts Expect Another Weak Manufacturing Report
Washington, DC, Dec. 29, 2008-- With low demand and the ongoing recession, analysts are looking for December data on manufacturing to remain near its lowest level in 26 years.
Invista Downsizes at Georgia Yarn Plant
Athens, GA, Dec. 26, 2008--The Invista yarn-processing plant in Athens has laid off 50 workers and has shut down operations until early next month, according to the Columbus Ledger-Enquirer.
Mortgage Rates Hit Another New Low
Washington, DC, Dec. 26, 2008--The 30 year fixed-rate home mortgage fell to another record, at least since Freddie Mac began doing its weekly survey in the early 1970s.
Economy, Storms, Slow Retail Sales
New York, NY, Dec. 26, 2008--A weak economy and strong winter storms in some areas brought total retail sales down between 5.5 percent and 8 percent from a year ago, according to preliminary data from SpendingPulse.