Oil Hovering Around $80 on GDP Report
New York, NY, Oct. 30, 2009--Oil prices hovered near $80 a barrel Friday in Asia after the U.S. economy snapped four straight quarters of contraction, suggesting demand for crude will improve.
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.
Consumer Spending Drops in September
Washington, DC, Oct. 30, 2009--Consumer spending fell sharply in September after the government's auto subsidy program ended, while after-tax incomes fell for the fourth month in a row.
Manufacturing Indicator Surges in October
Washington, DC, Oct. 30, 2009--Manufacturing activity improved considerably in the Chicago region in October.
Mohawk Reports Third Quarter Earnings of $34M
Calhoun, GA, Oct. 29, 2009--Mohawk Industries reported third quarter net earnings of $34 million
Weyerhaeuser Breaks Even Despite Housing Business
Federal Way, WA, Oct. 30, 2009--Weyerhaeuser Co. said Friday it broke even in the third quarter after a tough string of losses.
GDP Up 3.5% in Third Quarter, Government Says
Washington, DC, Oct. 29, 2009--The economy expanded at a 3.5% annual pace in the third quarter, the first increase in real gross domestic product in a year and the strongest growth in two years, the government said.
Interface Third Quarter Earnings, Sales Fall
Atlanta, GA, Oct. 28, 2009--Interface, Inc. reported third quarter net income of $5.5 million, or $0.09 per share, compared with $8.4 million, or $0.13 per share, last year.
Mohawk Expanding Backing Production in Alabama
Roanoke, AL, Oct. 29, 2009--Mohawk Industries said it plans to expand production at its Roanoke carpet backing manufacturing facility, according to The Randolph Leader newspaper.
Shaw Reducing Operations at Spun Yarn Plant
Tifton, GA, Oct. 29, 2009--Shaw is scaling back its operations at a spun yarn plant in Tifton.
Congoleum Files Revised Reorganization Plan
New York, NY, Oct. 29, 2009--Congoleum Corporation has filed a revised plan of reorganization in its chapter 11 case with the U.S. District Court.