GDP Better Than Expected, Economy on The Mend
Washington, DC, July 31, 2009--The U.S. economy showed more signs of recovery as the second quarter measure of Gross Domestic Product indicated the economy contracted at a pace of just 1 percent.
Today's Flooring News
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Mohawk Earnings Better Than Company Expected
Calhoun, GA, July 30, 2009--Mohawk Industries Inc. reported second quarter net earnings of $46 million and earnings per share of $0.67.
Florida Tile Moving Headquarters to Kentucky
Lakeland, FL, July 30, 2009--Florida Tile Inc. is moving its corporate headquarters to Lexington, Ky., from Lakeland, Fla.
Mortgage Rates Continue To Rise
Washington, DC, July 31, 2009--Mortgage rates rose for a second consecutive week, which could pressure property sales.
Tennant Earnings Buoyed By New Cleaning Technology
Minneapolis, MN, July 30, 2009--Tennant Company reported net earnings of $3 million, or $0.16 per share, on second quarter net sales of $148.6 million
Chicago Manufacturing Index Improves Again
Chicago, IL, July 31, 2009--Manufacturing activity improved for the second straight month in the Chicago region in July.
Stimulus Saving, Not Creating Construction Jobs
Washington, DC, July 31, 2009--The federal government's $787 billion stimulus plan is having little effect on job creation but appears to be saving jobs, according to the Associated General Contractors of America.
Armstrong Earnings Tumble as Housing Struggles
Lancaster, PA, July 30, 2009--Armstrong World Industries Inc. said income from continuing operations was $28.3 million, or $0.50 per share in the second quarter, compared to $52.4 million, or $0.92 per share a year ago.
Interface Profitable Despite Falling Sales
Atlanta, GA, July 29, 2009--Interface Inc. reported second quarter net income of $5.1 million, or $0.08 per share, compared to $15.9 million, or $0.25 per share a year ago.
Dow Chemical Swings To Loss in Quarter
Midland, MI, July 30, 2009--Dow Chemical Co. reported a second quarter loss on Thursday, as sales fell and the company took large charges to revamp its operations.