Retail Sales Rebound but Still Sluggish
Washington, DC, June 11, 2008--Retail sales in the United States rose 1.7 percent for the week ending June 7, the International Council of Shopping Centers USB reported Tuesday.
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Mortgage Applications Rise as Loan Rates Increase
Washington, DC, June 11, 2008--Mortgage applications filed in the week ended June 6 rose 10.9 percent on a seasonally adjusted basis compared to the final week of May, the Mortgage Bankers Association said in its weekly survey.
Registration Open for Distributors Event
Chicago, IL, June 11, 2008--The North American Association of Floor Covering Distributors said that registration is now open for its 37th Annual Meeting and Distributor Marketplace, Oct. 29-31, in Schaumburg, Ill.
Home Sales Spike Higher in April
Washington, DC, June 10, 2008--An index of sales contracts on previously owned U.S. homes rose 6.3 percent in April from the prior month, the National Association of Realtors reported.
828 International Names Account Manager
Greenville, SC, June 11, 2008—Rug importer 828 International has named Wendy Noyes as account manager for Washington DC, Delaware, Maryland and Virginia.
Spanish Tile Maker Keraben To Set Up in Dubai
Dubai, UAE, June 11, 2008--Spanish ceramics maker Keraben said it will establish a base in Dubai, providing sales, service and support to the region from a UAE base.
Fewer Employers Planning To Hire in Third Quarter
Milwaukee, WI, June 10, 2008--The portion of employers who said they plan to hire in the upcoming third quarter decreased in the latest Manpower Employment Outlook Survey.
Multi-Channel Shoppers Spend More Money
Princeton, NJ, June 10, 2008--While multi-channel consumers spend nearly twice as much as their single channel counterparts on average, they are also more likely to purchase from multiple providers.
Bernanke Sees Weak Economy, No Big Downturn
Washington, DC, June 10, 2008--The danger that the economy has fallen into a "substantial downturn" appears to have waned, Federal Reserve Chairman Ben Bernanke said Monday.
China Flooring Holding Gets Equity Financing
Beijing, China, June 10, 2008--China Flooring Holding Co. received $100 million in funding from Morgan Stanley and the International Finance Corp and has set its sights on going public in Hong Kong.