Analyst Upgrades HD, Downgrades Lowe's
New York, NY, Aug. 14, 2009--FBR Capital Markets has upgraded Home Depot, Inc. shares to Outperform from Market Perform, while downgrading Lowe's Companies Inc. shares to Market Perform from Outperform.
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Leonardo Academy Makes Committee Appointment
Madison, WI, Aug. 14, 2009--Leonardo Academy has appointed Eric Lombardi, executive director of Eco-Cycle, one of the largest nonprofit recycling organizations in the U.S., to the SCS-002 Standards Committee Environmental Interest Category.
Industrial Output Rose in July
Washington, DC, Aug. 14, 2009--U.S. industrial output rose in July for the first time since October, the Federal Reserve reported Friday.
Kansas City Fed Paper Sees Jobless Recovery
Kansas City, MO, Aug. 13, 2009--The Federal Reserve of Kansas City has painted a bleak employment picture for the next decade in a new paper posted on its website.
Mohawk Streamlining Commercial Carpet Segment
Calhoun, GA, Aug. 13, 2009--Mohawk is realigning its commercial carpet manufacturing operations.
Fed Says Economy Moderating, Leaves Rates Alone
Washington, DC, Aug. 13, 2009--The Federal Reserve's Open Market Committee said Wednesday that it will keep interest rates exceptionally low "for an extended period of time."
Retail Sales Fall Unexpectedly in July
New York, NY, Aug. 13, 2009--Retail sales fell in July after two straight months of gains, the Commerce Department reported.
Oriental Weavers Records Higher Net Income
Cairo, Egypt, Aug. 13, 2009--Oriental Weavers posted first half net income after minority interest of 162.7 million Egyptian pounds ($29.3 million), the firm said on Thursday, compared to 154.3 million pounds ($27.8 million) a year ago.
Congoleum Swings to Loss in Second Quarter
Mercerville, NJ, Aug. 12, 2009--Congoleum Corporation reported a net loss for the second quarter of $942,000 versus net income of $212,000 a year ago.
Certified Green Professional Designation Growing
Washington, DC, Aug. 13, 2009--The number of home builders, remodelers and other members of the real estate and construction industry who hold the Certified Green Professional educational designation now tops 4,000.