Producer Prices Fell in July
Washington, DC, Aug. 18, 2009--Producer prices fell 0.9% in July, after seasonal adjustments, as prices for energy and food dropped, the Labor Department reported Tuesday.
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.
Lowe's Earnings Off 19%, To Slow 2010 Expansion
Mooresville, NC, Aug. 17, 2009--Lowe's reported net earnings of $759 million for the quarter ended July 31, a 19.1 percent decline from the same period a year ago.
Oil Prices Headed Back Down on Consumer Sentiment
New York, NY, Aug. 17, 2009--Oil prices fell below $66 a barrel Monday as investors worried that crude demand will recover only slowly in the U.S. and brushed off upbeat economic growth data from Japan.
Empire State Manufacturing Index Shows Strength
New York, NY, Aug. 17, 2009--The Empire State manufacturing index, a gauge of the New York state factory sector, showed growth for the first time since April 2008.
Rug Importers Group Backs HIRE Stimulus Bill
Secaucus, NJ, Aug. 17, 2009--The Oriental Rug Importers Association has joined the Home Furnishings and Building Products Coalition to support passage of the Home Improvements Revitalize the Economy Act of 2009.
Huber Engineered Woods Wins Award for Website
Charlotte, NC, Aug. 17, 2009--Huber Engineered Woods LLC won an honorable mention at the 2009 Hermes Creative Awards for its new website, AdvanTechperforms.com.
Economists Say Demand Will Drive V-Shaped Recovery
New York, NY, Aug. 14, 2009--Pent up demand could lead to a V-shaped recovery, three economists say.
UK's Allied Carpets Closing 142 Stores
London, England, Aug. 14, 2009--Administrators for bankrupt retailer Allied Carpets said Friday that it is closing 142 stores.
Consumer Sentiment Falls Unexpectedly in August
Ann Arbor, MI, Aug. 14, 2009--The U.S. consumer sentiment index unexpectedly declined in early August to 63.2 from 66.0 in July, according the Reuters/University of Michigan index.
AstroTurf, California, Reach Settlement Over Lead
Sacramento, CA, Aug. 14, 2009--AstroTurf has reportedly agreed to reformulate its products, replace fields and playground surfaces installed over the last five years and pay thousands in fines in a settlement in California.