Productivity Increases in First Quarter
Washington, DC, May 7, 2009--Productivity rose in the first quarter as U.S. firms cut their workforce, outpacing the drop in output, the Labor Department reported Thursday.
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.
Furniture Brands Sees First Quarter Loss
St. Louis, MO, May 7, 2009--Furniture Brands said a first quarter loss was the result of a "severe downturn" in consumer spending.
New Jobless Claims Hit 14-Week Low
Washington, DC, May 7, 2009--New applications for jobless benefits plunged to the lowest level in 14 weeks, a possible sign that the massive wave of layoffs has peaked.
EcoTimber Gets New CEO, Wins Awards
Richmond, CA, May 6, 2009--Dale Payton-Engle has been named the new CEO of flooring supplier EcoTimber, replacing Lewis Buchner.
Bernanke Growing More Upbeat About Economy
Washington, DC, May 6, 2009--The U.S. economy seems to be contracting at a slower rate than it was a few months ago, Federal Reserve Chairman Ben S. Bernanke told the Joint Economic Committee yesterday.
ADP Jobs Report Much Better Than Expected
Roseland, NJ, May 6, 2009--Private-sector job losses slowed more than expected in April, hitting their lowest since November last year, according to a report by ADP Employer Services on Wednesday.
Lumber Liquidators Net Income Rises 18%
Toano, VA, May 6, 2009--Lumber Liquidators said that first quarter net income increased 18.1% to $5.1 million, or $0.19 per share, compared to $4.3 million, or $0.16 per share a year ago.
J+J/Invision Backings Get NSF-140 Certification
Dalton, GA, May 5, 2009--J+J/Invision said that three of its backing systems have received NSF-140 cerftification.
Pulte Homes, Centex, Narrow Losses in Quarter
Bloomfield Hills, MI, May 5, 2009--Pulte Homes reported a quarterly net loss of $514.8 million, or $2.02 per share, compared with a $696.1 million net loss for the prior year first quarter, or $2.75 per share.
Mannington Seeks Voters for Design Competition
Calhoun, GA, May 5, 2009--Mannington Commercial invites the design community to vote for the grand prize winner from finalists’ designs in Mannington’s tx:style design challenge.