Initial Jobless Claims Fall Three Weeks in Row
Washington, DC, Aug. 28. 2008--Initial jobless claims fell for the third week in a row, matching economists' expectations.
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.
Blue Ridge Using Dow's Lomax System
Ellijay, GA, Aug. 28, 2008--Blue Ridge Industries will partner with Dow Chemical Company’s Lomax technology to produce its Power Lock RE High Performance Backing.
Frierson Details Dixie Stock Buyback in Interview
Chattanooga, TN, Aug. 28, 2008--Dixie Group has begun a stock repurchase program because its shares are selling for below book value of $11 per share.
GranitiFiandre Develops New Green Website
Chicago, IL, Aug. 28, 2008--Italian stone and tile manufacturer GranitiFiandre has launched a website to provide information on the company's environmental efforts.
Consumer Confidence Rises More Than Expected
New York, NY, Aug. 26, 2008--Consumer confidence increased more than forecast in August as gasoline prices eased, according to the Conference Board.
Mortgage Applications Up as Rates Move Lower
Washington, DC, Aug. 27, 2008--Mortgage application volume rose for the first time in three weeks as interest rates edged lower, according to the Mortgage Bankers Association.
Largest British Homebuilder Reports Huge Loss
London, England, Aug. 27, 2008--British homebuilder Taylor Wimpey reported a $2.62 billion first-half loss resulting from $2.79 billion worth of write-downs to the value of its assets.
Striking Beaulieu Canada Workers Step Up Pressure
Montreal, Quebec, Canada, Aug. 27, 2008--The union representing 300 striking workers at Beaulieu Canada has launched a nationwide publicity campaign against the country's leading residential carpet manufacturer, according to The Gazette newspaper.
Propex Names Brant Chief Operating Officer
Chattanooga, TN, Aug. 26, 2008 – Propex Inc. has named Stan Brant executive vice president and chief operating officer.
Durable Goods Orders Rose in July
Washington, DC, Aug. 27, 2008--New orders for durable U.S. manufactured goods jumped 1.3 percent in July, while a gauge of business investment also rose unexpectedly, according to the Commerce Department.