Homebuilder D.R. Horton Narrows Loss
Fort Worth, TX, Aug. 4, 2009--D.R. Horton Inc. reported its ninth straight quarterly loss as record foreclosures and rising joblessness hurt demand.
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ServiceMagic Increasing Workforce by 20 Percent
Golden, CO, Aug. 4, 2009--Online contractor listing service ServiceMagic.com said Monday it expects to hire up to 200 new employees at its Golden headquarters by year’s end, according to American City Business Journals.
Mohawk Cutting Back at Commercial Carpet Plant
Dublin, GA, Aug. 3, 2009--Mohawk Industries is scaling back at its Dublin commercial carpet plant.
Personal Income Fell in June Absent Stimulus
Washington, DC, Aug. 4, 2009--Personal income fell in June after surging in the previous month on government stimulus, while spending by individuals increased, according to the Commerce Deparment.
Pfleiderer Suspending Bond Interest Payments
Neumarkt, Germany, Aug. 3, 2009--Pfleiderer said it would indefinitely suspend payments of interest on its $370.4 million hybrid bond to preserve its liquidity.
Oil Moves Back Above $70
New York, NY, Aug. 3, 2009--Oil prices moved above $70 a barrel Monday in Asia on investor expectations a recovering global economy will boost crude demand.
Data Show Manufacturing Downturn Nearing End
Washington, DC, Aug. 3, 2009--Conditions for the nation's manufacturers continued to improve in July, the Institute for Supply Management reported Monday.
Construction Spending Rose Unexpectedly in June
Washington, DC, Aug. 3, 2009--U.S. construction spending unexpectedly rose in June, as residential real estate and government projects led the way.
Valinge Says License Volume Sign Market Improving
Viken, Sweden, July 31, 2009--Valinge said that it license volumes improved in the second quarter, rising about 15% from the first quarter 2009.
Greenspan Says Economy's Hit Bottom
Washington, DC, Aug. 3, 2009--Growth may resume at a rate faster than most economists foresee, former Federal Reserve Chairman Alan Greenspan said Sunday.