Bernanke Sees Long Road to Full Recovery
Washington, DC, Aug. 3, 2010--Federal Reserve Chairman Ben Bernanke said Monday that economic progress is being made but the road to full recovery will be a long one.
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.
Factory Orders Decline in June
Washington, DC, Aug. 3, 2010--Factory orders fell for the second straight month in June, according to the Commerce Department.
Consumer Spending, Incomes Flat in June
Washington, DC, Aug. 3, 2010--Consumer spending was flat in June and incomes failed to increase, the Commerce Department said.
Home Builder Horton Swings to Profit in Quarter
Ft. Worth, TX, Aug. 3, 2010--Home builder D.R. Horton Inc. reported third quarter net income of $50.5 million, or $0.16 a share, compared with a loss of $143.8 million, or $0.45 a share, a year ago.
All Congoleum Asbestos Claims To Be Treated Same
New York, NY, Aug. 3, 2010--Congoleum's Chapter 11 plan, which became effective July 1, establishes a fund to pay an estimated 100,000-plus asbestos claimants, according to Law.com.
Construction Starts Down from a Year Ago
New York, NY, Aug. 3, 2010--New construction starts in June fell 3% from the previous month to an annual rate of $385.7 billion, according to McGraw-Hill Construction’s latest release for construction starts.
Construction Spending Rose Unexpectedly in June
Washington, DC, Aug. 2, 2010--Construction spending in the U.S. unexpectedly rose in June, thanks largely to government programs, according to the Commerce Department.
More House Price Declines Could Fuel Contraction
Washington, DC, Aug. 2, 2010--Former Federal Reserve Chairman Alan Greenspan warned that the economy might contract again if home prices continue to decline.
Slowing Economy Showing Pockets of Strength
Washington, DC, Aug. 2, 2010--Although the economy appears to be growing more slowly, manufacturing and business spending continue to be significant pockets of strength.
PG Hardwood, Model, Get Two New Shareholders
Saint-Édouard-de-Lotbinière, Quebec, Aug. 2, 2010--Brothers Sébastien and Jean-François Dion became shareholders of PG Hardwood Flooring Inc. and Model Hardwood Inc. on June 1.