Price of Oil Hits Two-Year High as Dollar Falls
New York, NY, Nov. 5, 2010 -- Oil remained near $87 a barrel Friday after reaching a two-year high.
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.
Chain Store Sales Edge Higher in October
New York, NY, Nov. 5, 2010 -- U.S. chain-store sales rose 1.6% year-over-year in October, according to the International Council of Shopping Centers.
UK Recycling Firm Takes All Carpet Types
London, England, Nov. 5, 2010 -- Leeds-based specialist recycling company 4Recycling Ltd has launched a new service to increase collection and recycling of waste carpet.
Flor Opens Retail Store in Los Angeles
Chicago, IL, Nov. 5, 2010 -- Modular carpet maker Flor, Inc. said it has opened its second national retail store in Los Angeles.
Builder Beazer Reports Fourth Quarter Loss
Atlanta, GA, Nov. 5, 2010 -- Beazer Homes USA reported a fourth quarter net loss of $59.5 million, compared to net income of $33.8 million a year ago.
Calif. Vote Threatens New Carpet Recycling Law
Dalton, GA, Nov. 4, 2010 -- The carpet industry is bracing for the possibility that a proposition passed in California this week will jeopardize new carpet recycling legislation that was passed in the state in October.
Lumber Liquidators Q3 Net Income Plummets
Toano, VA, Nov. 3, 2010 -- Lumber Liquidators reported that third quarter net income decreased 44.8% to $4.3 million, or $0.15 per share from $7.8 million, or $0.28 per share, a year ago.
Initial Jobless Claims Jump More Than Expected
Washington, DC, Nov. 4, 2010 -- Initial jobless claims increased 20,000 to 457,000, reversing a sharp decline from the week before, according to the Labor Department.
Home Ownership Rate Lowest in Over 10 Years
Washington, DC, Nov. 4, 2010 -- U.S. homeownership rate is still at its lowest in more than a decade, according to the Census Bureau.
Fed Begins Another Round of Stimulus
Washington, DC, Nov. 4, 2010 -- The Federal Open Market Committee voted on Wednesday to buy an additional $600 billion in Treasurys over the next eight months to stimulate the economy.