Pulte Follows Other Builders With Massive Loss
Detroit, MI, January 30, 2008--Pulte Homes Inc. posted a loss of $874.7 million for the fourth quarter as the housing market continued to deteriorate.
Today's Flooring News
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Private Employment Grows Over Last Month
Roseland, NJ, Wednesday, January 30, 2008--Nonfarm private employment grew 130,000 from December 2007 to January of 2008 on a seasonally adjusted basis, according to the ADP National Employment Report.
Milliken CEO Ashley To Retire in May
Spartanburg, SC, January 29, 2008—Milliken & Co. CEO Ashley Allen will retire May 1 following his 65th birthday.
GDP Falls Sharply in Fourth Quarter
Washington, DC, January 30, 2008--The U.S. economy grew at a 0.6% annual rate in the fourth quarter, the weakest growth since 2002, the Commerce Department reported Wednesday.
Solutia To Pay For Contamination Cleanup
St. Louis, MO, January 30, 2008—Solutia Inc. will likely pay the Environmental Protection Agency about $3 million for the cleanup of contaminated chemical barrels that once polluted an industrial site north of downtown St. Louis.
Home Refinancing Continues To Surge
Washington, DC, January 30, 2008--Mortgage application volume rose 7.5% during the week ended Jan. 25 thanks to a continuing surge in refinancing activity, according to the Mortgage Bankers Association's weekly survey.
Online Retail Sales Slowing But Still High
Cambridge, MA, January 30, 2008-- Online retail sales in 2007 reached $175 billion, a 21 percent increase over $144.6 billion in 2006.
Pfleiderer To Intro New Pergo Line at Home Depot
Neumarkt, Germany, January 30, 2008—Pfleiderer said it will roll out a new laminate line called Pergo Prestige in the second quarter at Home Depot stores.
Centex Latest Home Builder To Report Huge Loss
Dallas, TX, January 29, 2008—Home builder Centex Corp. said third-quarter loss swelled as it had to take a large charge on unsold homes.
Chain Store Sales Fall in January
New York, NY, January 29, 2008--Chain store sales fell 0.3 percent in the first three weeks of January versus the previous month, according to Redbook Research's latest indicator of national retail sales.