New Conference Board Index Shows Job Softening
Washington, DC, June 10, 2008--The Conference Board's new Employment Trends Index (ETI) fell in May, continuing a decline that began in July 2007.
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Moody's Downgrades Homebuilders on Prospects
New York, NY, June 10, 2008--Homebuilders were downgraded by ratings agency Moody's on Monday.
More Flooring Manufacturers Using ecoScorecard
Atlanta, GA, June 10, 2008--Armstrong, J&J Carpets Invision and Mohawk Karastan, Bigelow and Lees are among several manufacturers of carpet and flooring that have integrated ecoScorecard into their online product catalogs.
Armstrong Names New VP of Business Development
Lancaster, PA, June 10, 2008--Armstrong has named John F. Breuninger vice president - Business Development.
Laticrete Names Owens National Accounts Manager
Bethany, CT, June 10, 2008--Laticrete has appointed James “Jay” Owens national accounts manager, Daltile.
Unemployment Rate Surges to 5.5 Percent
Washington, DC, June 6, 2008--Unemployment jumped to 5.5 percent in May, the biggest monthly rise in 22 years, as employers cut 49,000 jobs.
Shoppers Keep on Spending, Discounters Benefit
Washington, DC, June 6, 2008--Shoppers spent more than anticipated at discount and wholesale stores in May and boosted U.S. retail sales, due perhaps in part to federal stimulus checks.
CEO: Home Depot Won't Quit Installation Business
Atlanta, GA, June 5, 2008--Home Depot's CEO doesn't expect the company's home installation business to grow, but he said there are no plans to leave the struggling business.
Oil Prices Spike After Analyst Predicts $150
Washington, DC, June 6, 2008--Oil prices have been on a rollercoaster over the last few days.
Wholesale Inventories Decline, Sales Rise
Washington, DC, June 6, 2008--Wholesale inventories posted their first decline in more than a year, as wholesale sales rose more than twice as fast as expected, the Commerce Department said.