Consumer Prices Surge in November
Washington, DC, December 14, 2007--Consumer prices rose by the largest amount in more than two years in November.
Today's Flooring News
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Armstrong Holdings Distributes $28M in Assets
Lancaster, PA, December 13, 2007--Armstrong Holdings Inc., the parent company of Armstrong World Industries Inc., has distributed all its assets.
Despite Fed Cut, Mortgage Rates Rise
Chicago, Ill., December 13, 2007-- Mortgage rose this week despite the Federal Reserve's cut earlier in the week. The rate for 30-year fixed mortgages averaged 6.11% this week, up from last week's 5.96% average.
Solutia Stock Offerings To Raise $425 Million
St. Louis, MO, December 13, 2007--Solutia Inc. said that both its creditor rights and equity rights stock offerings have been over-subscribed.
Shaw Sponsors 2008 HGTV Green Home Giveaway
Dalton, GA, December 12, 2007- Shaw will sponsor the 2008 HGTV Green Home Giveaway.
Producer Prices Climb Higher Than Expected
Washington, DC, December 13, 2007 - Producer prices swelled 3.2% in November, the biggest rise in 34 years, the Labor Department said.
Initial Jobless Claims Fall
Washington, DC, December 13, 2007--Initial jobless claims fell 7,000 to 333,000 in the week ended December 8.
Morgan Keegan Maintains Mohawk’s “Market Perform"
New York, NY, December 13, 2007--Analysts at Morgan Keegan reiterated their "market perform" rating on Mohawk Industries Inc , while reducing their estimates for the company.
Dow, Kuwait Oil Company, Form Joint Venture
New York, NY, December 13, 2007--Dow Chemical Co. and Kuwait Petroleum Co's Petrochemical Industries Co. will form a joint venture.
New Jersey City Considers Carpet Recycling Law
Margate, NJ, December 13, 2007-- The Margate, New Jersey City Commission is considering a law that requires carpet to be recycled, according to a story in the Press of Atlantic City.