Proposed Cap on Mortgage Interest Draws Fire
Washington, DC, March 5, 2009--President Barack Obama is meeting strong Democratic Party opposition to his proposal to reduce mortgage and charitable tax deductions.
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.
Initial Jobless Claims Better Than Expected
Washington, DC, March 5, 2009--Initial jobless claims fell to 639,000 from the previous week's figure of 670,000, the Labor Department said Thursday. Analysts expected a smaller drop to 650,000.
Välinge Expands in Asia
Viken, Sweden, March 05, 2009--Välinge has named a business manager and two technicians for Asia based in Shanghai.
Beige Book Report Shows Turnaround Months Away
Washington, DC, March 4, 2009--Business people see more pain ahead, expecting no improvement in economic conditions till late this year at the earliest.
Mortgage Delinquencies at All-Time High
Washington, DC, March 5, 2009--Mortgage delinquencies rose by a record percentage in the fourth quarter of 2008, hitting 7.88% of loans outstanding, the Mortgage Bankers Association said Thursday.
Mohawk Closing Arkansas Columbia Hardwood Plant
Melbourne, AR, March 3, 2009--Mohawk has decided to shutter its hardwood flooring plant here.
Worker Productivity Fell in Fourth Quarter
Washington, DC, March 5, 2009--Worker productivity fell by a worse-than-expected amount in the fourth quarter while wage pressures shot up at the fastest clip in two years.
Factory Orders Down, But Less Than Anticipated
Washington, DC, March 5, 2009--Orders to U.S. factories fell for a record sixth straight month in January as demand fell across a wide cross-section of industries.
Brodsky Named To Cooperative Association Board
Manchester, NH, March 4, 2009--CCA Global co-CEO Howard Brodsky has been elected to the board of directors of the National Cooperative Business Association (NCBA), headquartered in Washington, DC.
Smith & Fong Names GM of Asian Operations
San Francisco, CA, March 5, 2009--Smith & Fong has named Stephen Sandor general manager of Asian operations.