White House Reconsiders, Says Will Help Big 3
Washington, DC, Dec. 12, 2008--The Treasury Department said Friday that it would step in and lend funds to the Big 3 auto-makers until Congress has time to consider a long-term rescue package next year.
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.
Mortgage Rates Hit Four-Year Low
Washington, DC, Dec. 12, 2008--The average interest on a 30-year, fixed-rate mortgage dropped to 5.47 percent this week -- its lowest point in more than four years.
Auto Bailout Rejected by U.S. Senate
Washington, DC, Dec. 12, 2008--U.S. automakers are depending upon a reluctant White House to quickly provide a multibillion lifeline to help them avoid imminent collapse after the Senate rejected an automotive bailout plan.
Cikel Appoint Regional Sales Manager
Miami, FL, Dec. 12, 2008—Cikel America LLC has appointed Joe English regional manager for the west coast of Florida and the Gulf Coast from Tallahassee to New Orleans.
Gulistan Closing Yarn Spinning Plant
Turnersburg, NC, Dec. 11, 2008--Gulistan Carpet Inc. said Wednesday that its Turnersburg yarn spinning plant will close, putting more than 100 employees out of a job.
Greenbuild Attendance Up 25 Percent
Boston, MA, Dec. 10, 2008--Attendance at this year's Greenbuild Expo in Boston was up about 25 percent over last year despite the poor economy.
Dal-Tile Shedding Jobs in Pennsylvania
Gettysburg, PA, Dec. 11, 2008—Tile manufacturer Dal-Tile is laying off more than 100 workers at its Gettysburg branch, according to the Lebanon Daily News.
Foreclosures Fall in November, January Spike Looms
Irvine, CA, Dec. 11, 2008--The number of American homeowners entering the foreclosure process fell last month to the lowest level since June as new state laws lengthened the foreclosure process, RealtyTrac reported Thursday.
Jobless Claims Surge to 26-Year High
Washington, DC, Dec. 11, 2008--Initial jobless claims surged to the highest in 26 years last week, Labor Department data showed on Thursday, as a deepening recession forced employers to cut back hiring.
Small Business Owners Cutting Capital Spending
Washington, DC, Dec. 11, 2008--Optimism at small businesses edged up slightly last month but owners remain discouraged about future prospects for hiring or spending, according to the National Federation of Independent Business index.