Lear Widens Loss in 2005
Southfield, MI, March 9, 2006--Lear Corp., a supplier electronics, seating and flooring to the automotive market, said it widened its 2005 loss by $6 million, the result of price disputes.
Today's Flooring News
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Trade Gap Widens in January
Washington, DC, March 9, 2006--The trade deficit continued to expand in January after setting a new annual record in 2005, a government report showed Thursday.
JanelleStyle Pens License Agreement with Chandra R
Smyrna, GA, March 9, 2006--Designer Janelle Jarous Lampp has signed a license with Chandra Rugs, a newly formed venture.
New Zealand’s Feltex Senior Staffers Jump To Godfr
Wellington, New Zealand, March 8, 2006--New Zealand carpet maker Feltex Carpets Ltd., has lost two of its most senior Australian sales managers to rival companies in recent weeks.
Mortgage Applications Steady in Latest Survey
Washington, DC, March 8, 2006--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 3.
St. Louis Fed President Pool: Housing to Level Off
St. Louis, MO, March 8, 2006--The housing sector may already be cooling, but it should level off at high levels and not undermine the country's economic expansion, St. Louis Federal Reserve president William Poole said on Wednesday.
Key Senate Committee Votes on Small-Business Healt
Washington, DC, March 8, 2006--The National Federation of Independent Business urged the U.S. Senate Health, Education, Labor & Pensions Committee to quickly pass legislation creating Small-Business Health Plans at its full committee markup today.
Consumer Credit Up in January
Washington, DC, March 8, 2006--Consumer credit rose by a less-than-expected $3.94 billion in January as car and boat loans slowed, a Federal Reserve report showed on Tuesday.
Study Finds Limited Internet User Growth
Dallas, TX, March 8, 2006--A new study from Parks Associates has found few new households willing to subscribe to Internet services, which will limit 2006 growth in overall Internet penetration to one percent, rising from 63% to 64% by year’s end.
4Q Productivity Off 0.5%
Washington, DC, March 7, 2006 --Productivity fell at a revised annual rate of 0.5% in the fourth quarter, a slight improvement from the negative 0.6% estimate made a month ago, the Labor Department said Tuesday.