New CPI Reading Shows No Surprises
Washington, DC, June 13, 2008-- The Consumer Price Index rose 4.2 percent through the 12 months ended in May, according to the Labor Department.
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Consumer Sentiment Continues To Fall
Ann Arbor, MI, June 13, 2008--Consumer sentiment continued to tumble, according to the University of Michigan/Reuters Consumer Sentiment Survey.
Business Inventories Up More Than Expected
Washington, DC, June 13, 2008--Business inventories rose a higher than expected 0.5 percent in April, while sales were their strongest since November, according to the Commerce Department.
Florida Tile Signs Two Distributors
Lakeland, FL, June 13, 2008--Florida Tile Inc. has named two new distributors for the U.S. market, Viking Distributors and Kaiser Tile.
Saudi Investors Buy Stake in Oriental Weavers
Cairo, Egypt, June 12, 2008--Egypt-based rug and carpet maker Oriental Weavers sold 941,291 of its own shares to a strategic consortium led by the Saudi-based private equity group Amwal AlKhaleej, the company said.
Retail Sales Higher Than Expected in May
Washington, DC, June 12, 2008--Retail sales rose 1.0 percent in May as Americans spent more on gasoline and goods, a government report showed Thursday.
Beige Book Report Paints Weak Economy
Washington, DC, June 12, 2008--The Federal Reserve said that U.S. businesses have had only "mixed results" trying to raise selling prices with the economy still weak.
Small Business Confidence at 28-Year Low
Washington, DC, June 11, 2008--The National Federation of Independent Business's index of small business optimism fell 2.2 points in May to 89.3, the lowest reading since 1980.
Initial Jobless Claims Rise by 25,0000
Washington, DC, June 12, 2008--Initial jobless claims for state unemployment benefits surged higher by 25,000 last week.
Universal Fibers Develops New Reclamation Process
Bristol, VA, June 12, 2008--Universal Fibers said it has developed state of the art technology that can produce the first ever nylon 6,6 fiber from recycled carpeting.