May Construction Spending Increases 0.9%
Washington, DC, June 29, 2007—Construction spending increased j0.9% in May, according to a report from the Commerce Department.
Today's Flooring News
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MBA Releases Commercial/Multifamily 1Q Data Book
Washington, DC, June 29, 2007--The Mortgage Bankers Association (MBA) today released its Commercial Real Estate/Multifamily Finance Quarterly Data Book for the first quarter of 2007.
ServiceMaster Shareholders OK Buyout
Downers Grove, IL, June 29, 2007--ServiceMaster said its shareholders approved its acquisition by an investment group led by private-equity firm Clayton, Dubilier & Rice Inc.
Personal Spending and Income Up in May
Washington, DC, June 29, 2007—Personal spending in rose less than forecast in May and the Federal Reserve's preferred inflation gauge cooled, a sign moderating growth is restraining price pressures.
KB Home Posts 2Q Loss
Los Angeles, CA, June 29, 2007--KB Home, one of the nation's largest homebuilders, said Thursday it swung to a loss in its second quarter, as revenue declined.
Nourison Puts Strategies in Place for the Future
Saddle Brook, NJ, June 29, 2007-- New collections of unique construction, optimistic investment in production and distribution facilities are Nourison’s answer to gloomy reports and industry forecasts headed to July markets
Strong Nonresidential Activity Expected in 2007
Washington, DC, June 29, 2007--Despite the continued sagging housing industry, the nonresidential construction market has shown solid gains this year.
Florida Rug Store Faces Major Restoration Problem
Tampa, FL, June 29, 2007--As part of its business, Shiraz Oriental Rug Gallery regularly restores damaged rugs.
Fed Leaves Rates Alone, Focus Still on Inflation
Washington, DC, June 28, 2007-- The Federal Reserve kept rates at 5.25 percent and stressed that inflation is the greatest risk facing the economy.
Välinge Takes Action against Classen and Akzenta
Viken, Sweden - June 27, 2007--Välinge filed on June 25th 2007 an infringement case in the District Court of Mannheim based on its registered Utility Model DE 20 200 6019 869.