Oil Back Over $60 on Economic Optimism
New York, NY, May 19, 2009--Oil rose above $60 a barrel Tuesday in Asia after investors took heart from signs the U.S. recession is easing.
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.
Coverings Attendance Declines to 22,000
Alexandria, VA, MAY 15, 2009-—The final registered attendance figure for Coverings 2009 in Chicago totaled 22,000, which organizers called a predictable decline reflecting the economic turndown.
Hospitality Carpet Specialists Buy Tufting Tech
Dalton, GA, May 19, 2009--Signature Hospitality Carpets and Clayton Miller Hospitality Carpets have purchased together the new ColorPoint tufting technology developed by Card Monroe Corporation.
Texan Floor Service To Begin Carpet Reclamation
Houston, TX, May 18, 2009--Texan Floor Service will open a full time carpet reclamation center on June 1.
NAR: Commercial Downturn in Early Stages
Washington, DC, May 18, 2009--Credit availability and refinancing issues have seriously affected commercial real estate markets.
Homebuilder Confidence Improves Again in May
Washington, DC, May 18, 2009--Homebuilder confidence in the market for newly built, single-family homes improved for a second consecutive month in May to the highest level since September.
Budget Director Says Economic Decline Slowing
Washington, DC, May 18, 2009--Peter Orszag, the administration's top budget official, said Sunday that the pace of decline in the U.S. economy appears to have slowed but that the economy wasn't yet in the clear.
Ancora Group Opens Branch in Brazil
Sassuolo, Italy, May 18, 2009--Ancora Group is opening a branch in Brazil, its second foreign branch after its branch in Spain.
Lowe's Earnings Fall 21% From Year Ago
Mooresville, NC, May 18, 2009--Lowe's Companies reported net earnings of $476 million for the quarter ended May 1, a 21.6 percent decline versus the same period a year ago.
Oil Prices Up Nearly $2 Despite Weaker Demand
New York, NY, May 18, 2009--Oil prices rose nearly $2 to around $58 a barrel Monday as traders considered whether last week's push to above $60 was justified amid signs of weak crude demand but rising stock markets.