Services Sector Expands at Slower Pace in August
Washington, DC, Sept. 3, 2010--Growth slowed in the U.S. non-manufacturing sector in August, hitting 51.5%, compared with 54.3% in July, the Institute for Supply Management reported Friday.
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Pending Home Sales Surge Higher in July
Washington, DC, Sept. 2, 2010--Pending home sales in July rose 5.2% from June levels, the National Association of Realtors reported Thursday.
Home Builder Hovnanian Narrows Quarterly Loss
Red Bank, NJ, Sept. 2, 2010--Home builder Hovnanian Enterprises said Wednesday its fiscal third-quarter loss narrowed versus the prior-year period.
Virginia Governor Tours Universal Fibers Plant
Bristol, VA, Sept. 2, 2010--Universal Fibers welcomed Virginia Gov. Bob McDonnell to its Washington County, Va. headquarters for a plant tour on Wednesday.
Mortgage Rates Hit Multi-Decade Lows Again
Washington, DC, Sept. 2, 2010--Mortgage rates fell to the lowest level in decades for the 10th time in 11 weeks, according to mortgage buyer Freddie Mac.
Pfleiderer Looking To Sell Assets To Cut Debt
Neumarkt, Germany, Sept. 2, 2010--Pfleiderer intends to sell assets to cut its net debt, according to EUWID Wood Products and Panels.
Factory Orders Edge Higher in July
Washington, DC, Sept. 2, 2010--Factory orders increased 0.1% in July, held down by declining orders for computers and machinery, the Commerce Department said Thursday.
Noble Adds Distributor for Upper Midwest
Mokena, IL, Sept. 2, 2010--Noble Company has added Midwest Pro Marketing as a manufacturer's representative.
Business Productivity Fell in Second Quarter
Washington, DC, Sept. 2, 2010--Business productivity fell a revised 1.8% in the second quarter, the biggest drop in almost four years.
Initial Jobless Claims Fall
Washington, DC, Sept. 2, 2010--Initial jobless claims fell by 6,000 to 472,000 in the week ended Aug. 28, the Labor Department reported Thursday.