Gulistan Closing Yarn Spinning Plant
Turnersburg, NC, Dec. 11, 2008--Gulistan Carpet Inc. said Wednesday that its Turnersburg yarn spinning plant will close, putting more than 100 employees out of a job.
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.
Greenbuild Attendance Up 25 Percent
Boston, MA, Dec. 10, 2008--Attendance at this year's Greenbuild Expo in Boston was up about 25 percent over last year despite the poor economy.
Dal-Tile Shedding Jobs in Pennsylvania
Gettysburg, PA, Dec. 11, 2008—Tile manufacturer Dal-Tile is laying off more than 100 workers at its Gettysburg branch, according to the Lebanon Daily News.
Foreclosures Fall in November, January Spike Looms
Irvine, CA, Dec. 11, 2008--The number of American homeowners entering the foreclosure process fell last month to the lowest level since June as new state laws lengthened the foreclosure process, RealtyTrac reported Thursday.
Jobless Claims Surge to 26-Year High
Washington, DC, Dec. 11, 2008--Initial jobless claims surged to the highest in 26 years last week, Labor Department data showed on Thursday, as a deepening recession forced employers to cut back hiring.
Small Business Owners Cutting Capital Spending
Washington, DC, Dec. 11, 2008--Optimism at small businesses edged up slightly last month but owners remain discouraged about future prospects for hiring or spending, according to the National Federation of Independent Business index.
Employment Trends Index Continues To Weaken
New York, NY, Dec. 11, 2008-The Conference Board Employment Trends Index declined further in November.
Trade Deficit Rises Unexpectedly
Washington, DC, Dec. 11, 2008--America's trade deficit rose unexpectedly in October as a spreading global recession dampened sales of U.S. products overseas.
Mortgage Rates Below 4 Percent?
Washington, DC, Dec. 11, 2008--A federal regulator Wednesday suggested that mortgage rates could fall "well below 4 percent."
James Halstead Sales Up Over Last Year
Manchester, England, Dec. 10, 2008--U.K. Flooring company James Halstead said on Wednesday its sales for the first five months of its fiscal year were ahead of last year as raw material prices fell.