Carpetright CEO Says 'Double Dip' Likely
London, England, May 3, 2010--Carpetright Chief Executive Philip Harris said a "double dip" in the UK economy was likely as his firm reported its second downbeat trading update in five weeks.
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Four States Account for Top Foreclosure Rates
Irvine, CA, May 3, 2010--Cities in California, Florida, Nevada and Arizona once again accounted for all top 20 foreclosure rates in the first quarter, according to tracking firm RealtyTrac.
AP Reports Declining Economic Stress
Washington, DC, May 3, 2010--Economic stress declined in March in nearly three-quarters of the nation's 3,141 counties, according to The Associated Press' monthly analysis of conditions around the country.
Mohawk Q1 Earnings Higher Than Expected
Calhoun, GA, April 29, 2010--Mohawk Industries reported higher than expected earnings for the first quarter.
Consumer Spending Helps GDP Grow 3.2%
Washington, DC, April 30, 2010--Consumer spending helped first quarter GDP to a growth rate of 3.2%, the Commerce Department estimated Friday.
NAHB Says Remodeling Poised for Rebound
Washington, DC, April 30, 2010--The decline in remodeling activity may be reaching an end, according to the latest National Association of Home Builders Remodeling Market Index.
Consumer Sentiment Improves in Late April
Ann Arbor, MI, April 30, 2010--U.S. consumer sentiment edged higher in late April after sinking earlier in the month, according to the Reuters/University of Michigan consumer sentiment index.
CARE Honors Starnet, ReSource Groups
Santa Fe, NM, April 30, 2010--Starnet Worldwide Commercial Flooring Partnership and ReSource Commercial Flooring Network won Awards of Excellence from the Carpet America Recovery Effort.
Builder D.R. Horton Swings to Profit in Quarter
Fort Worth, TX, April 30, 2010--D.R. Horton Inc. said Friday it had a second-quarter profit of $11.4 million, or $0.04 a share.
Chicago PMI Stronger Than Anticipated
Chicago, IL, April 30, 2010--The Chicago Purchasing Managers Index rose to 63.8 in April from 58.8, a stronger than expected performance.