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Washington, DC, February 7, 2008 - Home remodelers says conditions in their industry are deteriorating, according to the latest figures from the National Association of Home Builders Remodeling Market Index.
Philadelphia, PA, February 8, 2008--Citigroup Inc. and other lenders involved in the bankruptcy financing package for Solutia Inc. say tt the company knew the risk it involved.
Washington, DC, February 8, 2008-- Consumer confidence sank even lower in early February due to fears about jobs and a potential recession.
Mercerville, NY, February 8, 2008--Congoleum Corporation said that it has received notice that the American Stock Exchange is moving to delist the company from the exchange.
Federal Way, WA, February 8, 2008--Weyerhaeuser Co. said deteriorating conditions in the U.S. Housing markets contributed to a fourth-quarter loss and the company believes the 2008 will be a difficult year.
Fort Worth, TX, February 7, 2008--D.R. Horton Inc. said Thursday it posted to a loss in its fiscal first quarter, due to substantial charges to write off inventory and land values. The nation's largest homebuilder lost $128.8 million in the quarter.
Washington, DC, February 7, 2008—Pending U.S. home sales fell 1.5 percent in December.
St. Louis, MO, February 6, 2008--Solutia Inc. filed a complaint in the U.S. Bankruptcy Court for the Southern District of New York against the three banks that had agreed to provide $2 billion in exit financing.
Washington, DC, February 7, 2008—First time jobless claims dropped by 22,000 in the week ended Feb. 2, reversing the trend from the previous week.
New York, NY, February 7, 2008--The decrease in consumer spending at the end of last year has apparently continued into 2008, according to Discover Financial Services.