Payrolls Drop by 4,000 in August
Washington, DC, September 7, 2007—Payrolls in August fell by 4,000, according to the Labor Department, for their first decline in four years. The unemployment rate held steady at 4.6%.
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Online Job Vacancies Show Softening in Demand
New York, NY, September 7, 2007--Online advertised job vacancies were virtually unchanged In August, according to a Conference Board report.
Marmo Offers New Vertical Edge Polishing Machine
Southfield, MI, September 7, 2007 – Marmo Machinery USA has introduced a vertical edge polishing machine for flat and round edges from 1 to 6 cm in thickness.
Shaw Closing Carpet Plant in Fitzgerald, Georgia
Fitzgerald, GA, September 7, 2007-- Shaw Industries, the largest employer in Ben Hill County, is closing its facility in Fitzgerald, displacing 500 workers.
Lowe's Prices $1.3B Offering
Mooresville. NC, September 7, 2007--Lowe's said Thursday it priced a $1.3 billion offering of notes.
Hovnanian Reports 4th Consecutive Loss
Red Bank, NJ, September 7, 2007--As economic reports continue to show a struggling housing market, earnings figures from another luxury homebuilder Thursday did nothing to contradict them.
Armstrong Raises Prices on Resilient Products
Lancaster, PA, September 6, 2007-- Armstrong said it will raise prices on its vinyl composition tile and commercial sheet vinyl products by 5%.
Office Furniture Orders Indicate Economy's Growing
Grand Rapids, MI, September 5, 2007--Office furniture orders rose 9% in July, bucking a trend toward slower growth for the second straight month, according to industry data released on Wednesday.
Home Depot Expects Housing Weakness into 2008
Atlanta, GA, September 5, 2007--Home Depot expects no recovery in the housing market for the rest of 2007 and continued weakness into next year, Chief Executive Frank Blake said on Wednesday.
Beige Book Says Effect of Credit Turmoil Limited
Washington, DC, September 5, 2007--The Federal Reserve found the effects of the August credit-market rout on the broader economy to be ``limited'' beyond the housing industry, according to its regional business survey.