Consumer Spending Edges Higher in May
Washington, DC, June 28, 2010--Consumer spending in the U.S. increased in May more than forecast, perhaps a sign households are gaining confidence in the recovery.
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Personal Income Higher in May
Washington, DC, June 28, 2010--May personal income rose 0.4%, slightly lower than economists expectations, according to the Commerce Department.
Espe Named CEO of Armstrong
Lancaster, PA, June 25, 2010--Armstrong World Industries, Inc. has named Matthew J. Espe chief executive officer and president. His appointment will become effective in late July.
Consumer Sentiment Continues To Improve
Washington, DC, June 25, 2010--U.S. consumer sentiment was highest in more than two years in June, but still remained far below normal levels, according to Reuters and the University of Michigan.
Mohawk Closing Georgia Spun Yarn Plant
Cartersville, GA, June 25, 2010--Mohawk Industries will close a spun yarn plant in Cartersville, Ga., according to a report in the Rome News-Tribune online.
First Quarter GDP Revised Down Again
Washington, DC, June 25, 2010--The Commerce Department revised down for the second time its estimate of economic growth in the first three months of 2010, now seeing 2.7% annualized growth.
BPS, Armstrong Honored by Climate Registry
Chicago, IL, June 25, 2010--Bentley Prince Street and Armstrong World Industries were among 14 companies honored this week by the Climate Registry for committing to reduce their carbon footprints by up to 20%.
Shaw Rolling Out Web Tools Package for Retailers
Dalton, GA, June 25, 2010--Shaw Floors said it will introduce on July 1 the Shaw Web Studio, a suite of web products for flooring retailers.
Karastan Expanding AmericasMart Showroom
Atlanta, GA, June 25, 2010--Rug maker Karastan is expanding and relocating its showroom in AmericasMart Atlanta in time for the Atlanta International Area Rug Market.
Pfleiderer Makes Changes to Supervisory Board
Munich, Germany, June 24, 2010--After nearly 20 years as chairman of the Supervisory Board, Ernst-Herbert Pfleiderer stepped down from his position at the end of Pfleiderer’s Annual Shareholders’ Meeting.