Initial Jobless Claims Rise, Surprising Economists
Washington, DC, July 1, 2010--Initial jobless claims last week rose by 13,000 to 472,000, surprising forecasters who predicted a slight drop from the previous week.
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.
Indonesia's Tile Makers Hurt by Gas Shortage
Jakarta, Indonesia, July 1, 2010--With a continuing natural gas shortage, local ceramic tiles producers have been unable to increase production to meet surging demand, a ceramic tile producers association says.
Chain Store Sales Rose Sharply Last Week
New York, NY, June 30, 2010--U.S. chain-store sales rose 3% this past week, according to the International Council of Shopping Centers (ISCS) and Goldman Sachs.
All Eyes on Manufacturing as Economic Barometer
Washington, DC, July 1, 2010--International manufacturing growth from China to the euro-region slowed in June, suggesting the global export-led recovery is losing strength.
New Flooring Distributor Expanding Rapidly
Tulsa, OK, June 30, 2010--The Bison Group, a new Georgia-based flooring distributor, opened a 15,000-square-foot center in Tulsa, its eighth in the U.S.
ADP Reports Weak Private Job Growth
Roseland, NJ, June 30, 2010--Private-sector firms created 13,000 more U.S. jobs in June, according to the ADP employment report released Wednesday.
Low Rates Spur Refinancing, but Buyers Sidelined
Washington, DC, June 30, 2010--U.S. mortgage application volume hit an eight-month peak as lower loan rates spurred refinancing, according to the Mortgage Bankers Association.
Balta Expanding Solar Power Production
Sint-Baafs-Vijve, Belgium, June 30, 2010--At the beginning of this year, one of the largest solar radiation systems installed on the roof of business premises in the Benelux came into operation at the Balta site in Sint-Baafs-Vijve.
House Passes Tax Credit Deadline Extension
Washington, DC, June 30, 2010--Extension of the home buyer tax credit deadline is now up to the Senate as the U.S. House of Representatives voted 409-5 Tuesday to extend the deadline to September 30.
Antron Innovation Awards Given at NeoCon
Chicago, IL, June 30, 2010--The 10th Antron Carpet Fiber Product Innovation Award grand prize went to Tandus Flooring for the carpet style “District” during an awards ceremony held at NeoCon.