Mortgage Volume Drops on Lower Refinancing
Washington, D.C., February 27, 2008 — Mortgage volume fell 19.2 percent the week ending Feb. 22 from the previous week due to a drop off in refinancing, according to the Mortgage Bankers Association.
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Design Students Featured at Middle East Domotex
Dubai, UAE, February 27, 2008--Deutsche Messe will collaborate with the American University in Dubai's (AUD) Department of Interior Design to launch the 'Designers Corner' at the Domotex Middle East Exhibition May 25 - 27.
Like Lowe's, Home Depot Earnings Slide Sharply
Atlanta, GA, February 26, 2008--Earnings for The Home Depot fell 27 percent in the fourth quarter compared to a year ago, the company reported.
Solutia, Banks Reach Agreement on Financing
St. Louis, MO, February 26, 2008--Solutia Inc. on Monday said it will be able to emerge from Chapter 11 bankruptcy on Feb. 28 after it reached an agreement Monday with lenders on its exit financing package.
Consumer Confidence at Lowest Level in 14 Years
Washington, DC, February 26, 2008--Consumer confidence dropped sharply in February to the lowest level in more than 14 years, according to the Conference Board.
INSTALL Gets Sports Artificial Surface Training
Chicago, IL, February 25, 2008 –Three INSTALL regions converged at the Chicago Regional Carpenters Training Center in Elk Grove Village for installation training in sports and recreation artificial surfaces.
Foreclosures Soar in January Compared to Last Year
Irvine, CA, February 26, 2008--The number of homes facing foreclosure jumped 57 percent in January.
December Decline in Home Prices Sets a Record
New York, NY, February 26, 2008--Home prices fell in December by the most on record, according to the S&P/Case-Shiller home-price index.
Samling To Acquire Chinese Hardwood Maker
Hong Kong, China, February 26, 2008--Timber firm Samling Global Ltd said it will acquire Elegant Living (HK) Ltd, Elegant Living International Holding Ltd and New Elegant Living Timber Manufacturing (Zhongshan) Ltd for $38.3 million
Wholesale Price Jump 1% in January
Washington, DC, February 26, 2008 – Wholesale inflation soared 1 percent in January due to higher costs for food, energy and medicine, according to the Labor Department.