Job Cuts Surge 12 Percent Over Last Year
Chicago, IL, Sept. 3, 2008--U.S. job cuts spiked 12 percent last month from a year earlier on rising layoffs at automakers and in government, according to outplacement firm Challenger, Gray & Christmas Inc.
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.
Home Depot CEO Says Housing Decline Near End
Atlanta, GA, Sept. 4, 2008--Home Depot Inc's chief executive said said he sees light at the end of a long tunnel for the housing market.
Intertech Flooring Named to Inc. 5000 List
Austin, TX, Sept. 4, 2008--Commercial flooring specialist Intertech Flooring was named to the Inc. 5000 list in August, based on the company's impressive 102.8 percent three-year growth from 2004 to 2007.
ADP Report Confirms Weak Employment Conditions
Roseland, NJ, Sept. 4, 2008--U.S. firms cut an estimated 33,000 jobs in August, according to a private report from ADP Employer Services.
Court Rules Mohawk Must Turn Over Information
Atlanta, GA, Sept. 3, 2008--Lawyers for Mohawk Industries Inc. must give a former employee information they had argued was protected by attorney-client privilege, the 11th Circuit Court of Appeals has ruled, according to Law.com.
Mortgage Application Volume Up on Home Purchases
Washington, DC, Sept. 3, 2008--Mortgage application volume rose 7.5 percent last week, as more home buyers sought financing, according to the Mortgage Bankers Association.
California Taking on Artificial Turf Companies
Sacramento, CA, Sept. 3, 2008--The California attorney general says six artificial-turf companies are breaking state law by not warning the public of exposure to dangerous amounts of lead from artificial turf.
New Factory Orders Top Expectations
Washington, DC, Sept. 3, 2008--U.S. businesses stepped up their demand in July for capital equipment, the Commerce Department reported Wednesday.
Consumers at All Income Levels Cutting Back
Reston, VA, Sept. 3, 2008--The U.S. economy has even more people worried than earlier this year, according to a new report from comScore.
Shopper Staying Close to Home, Trading Down
Columbus, OH, Sept. 3, 2008--Shoppers are shifting their shopping patterns as gasoline and food continue to take a larger share of their income.