Leading Indicators Decline in August
Washington, DC, September 20, 2007--The Conference Board said that its index of leading economic indicators dropped substantially in August, which could portend a slowdown in economic growth.
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Jobless Claims Down, Better Than Expected
Washington, DC, September 20, 2007—Jobless claims were off 9,000 to 311,000 in the week ended September 15, according to a Labor Department report.
Monster Says Local Online Recruitment Up
New York, September 20, 2007--Online job availability rose in 21 of the top 28 U.S. metro markets in August, reflecting a modest rise in online recruitment activity across a majority of major U.S. markets.
Home Depot to Close 11 Landscape Stores
Atlanta, GA, September 20, 2007--Home Depot said it plans to close its 11 Landscape Supply stores within the next two months.
Fed Cuts Rates 50 Basis Points
Washington, DC, September 18, 2007--The Federal Open Market Committee today lowered its target for the federal funds rate 50 basis points to 4 3/4%.
Builder Confidence Drops in September
Washington, DC, September 18, 2007--Concerns about the substantial inventory of new homes and the effects that deepening mortgage market problems caused builder confidence to decline for a seventh consecutive month in September.
NAR: Fundamentals Support Commercial Real Estate
Washington, DC, September 18, 2007--Most commercial real estate markets are enjoying relatively low vacancy rates and healthy rent growth from a fundamentally sound economy, according to the National Association of Realtors.
IWT Filing For Chapter 11 Bankruptcy
Palm City, FL, September 18, 2007- IWT Tesoro Corporation said today it filing for Chapter 11 bankruptcy.
Mohawk CEO on 'Extreme Green Makeover'
Dalton, GA, September 19, 2007—Atlanta station WSB-TV featured Mohawk Industries as a part of a prime-time news special, “Extreme Green Makeover,” that aired September 18.
Forecast: Credit Crunch to Flatten Holiday Sales
Columbus, OH, September 19, 2007-Holiday sales this year will grow at their weakest pace in five years, according to a forecast by TNS Retail Forward.