Buffett Says American Business Improving
Omaha, NE, May 3, 2010--Berkshire-Hathaway CEO Warren Buffett said Sunday that he's seeing more manufacturing activity, but no big pick-up in the U.S. housing market yet.
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Conditions for Manufacturers Best Since 2004
Washington, DC, May 3, 2010--Conditions for the nation's manufacturers improved again in April to the highest level since June 2004, the Institute for Supply Management reported Monday.
Consumer Spending Increase at 5-Month High
Washington, DC, May 3, 2010--Real U.S. consumer spending increased 0.5%, the largest amount in five months, the Commerce Department estimated Monday.
Construction Spending Rises in Public Sector
Washington, DC, May 3, 2010--U.S. construction spending rose unexpectedly in March and was the first advance since October, thanks to increased public construction.
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.
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.