February Job Loss Not as Bad as Expected
Washington, DC, March 6, 2009--The U.S. economy lost 651,000 jobs in February, according to the Labor Department.
Today's Flooring News
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Proposed Cap on Mortgage Interest Draws Fire
Washington, DC, March 5, 2009--President Barack Obama is meeting strong Democratic Party opposition to his proposal to reduce mortgage and charitable tax deductions.
Initial Jobless Claims Better Than Expected
Washington, DC, March 5, 2009--Initial jobless claims fell to 639,000 from the previous week's figure of 670,000, the Labor Department said Thursday. Analysts expected a smaller drop to 650,000.
Välinge Expands in Asia
Viken, Sweden, March 05, 2009--Välinge has named a business manager and two technicians for Asia based in Shanghai.
Beige Book Report Shows Turnaround Months Away
Washington, DC, March 4, 2009--Business people see more pain ahead, expecting no improvement in economic conditions till late this year at the earliest.
Mortgage Delinquencies at All-Time High
Washington, DC, March 5, 2009--Mortgage delinquencies rose by a record percentage in the fourth quarter of 2008, hitting 7.88% of loans outstanding, the Mortgage Bankers Association said Thursday.
Mohawk Closing Arkansas Columbia Hardwood Plant
Melbourne, AR, March 3, 2009--Mohawk has decided to shutter its hardwood flooring plant here.
Worker Productivity Fell in Fourth Quarter
Washington, DC, March 5, 2009--Worker productivity fell by a worse-than-expected amount in the fourth quarter while wage pressures shot up at the fastest clip in two years.
Factory Orders Down, But Less Than Anticipated
Washington, DC, March 5, 2009--Orders to U.S. factories fell for a record sixth straight month in January as demand fell across a wide cross-section of industries.
Brodsky Named To Cooperative Association Board
Manchester, NH, March 4, 2009--CCA Global co-CEO Howard Brodsky has been elected to the board of directors of the National Cooperative Business Association (NCBA), headquartered in Washington, DC.