Spending on Back to College Shoots Past $34 Billio
Washington, DC, August 17--Though college students will wait until later this month to hit the books, they’ve been hitting the stores all summer long to prepare for their return to campus.
Today's Flooring News
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Help-Wanted Online Data Series Declines in July
New York, August 17--The Conference Board Help-Wanted OnLine Data Series reveals today that the number of new online job ads fell slightly to 1,970,000 in July from just over 2 million in May and June.
Mullican Event Raises $110,000 for Local Hospital
Johnson City, TN, August 17--Hundreds of residents from the Tri-Cities region lined up at the Mullican Flooring Warehouse in Johnson City early Saturday morning eagerly waiting for the gates to open at 8 a.m, according to the Business Journal of the Tri-C
Mortgage Activity Up for First Time in Month
New York, NY, August 17--Applications for home mortgages climbed last week, snapping a three-week decline, as interest rates fell for the first time since June, an industry group said on Wednesday.
PPI Up 1% in July
Washington, DC, August 17—-Producer prices rose 1% in July due to higher energy and automobile prices, according to a Labor Department report.
UK’s Carpetright Sales Off 7%
Rainham, England, August 17--Britain's biggest carpet retailer Carpetright yesterday blamed weak consumer spending and disruption caused by the London bombings for a sharp fall in sales over recent weeks.
Industrial Production Inches Up 0.1%
Washington, DC, August 16--Output at the nation's factories, mines and utilities rose by a modest 0.1% in July, according to a Federal Reserve report.
Study: More Recycling Would Benefit Georgia’s Econ
Atlanta, GA, August 16--Digging through 60 tons of trash taught researchers a lesson - what's good for the garbage dump, they say, also is good for Georgia's economy.
J.C. Penney 2Q Income Up 79%
Plano, TX, August 16--J.C. Penney in the second quarter reported income from continuing operations that rose 79% to $22 million, or $0.46 a share, up from a year-ago equivalent profit of $68 million, or $0.22 a share.
Wal-Mart 2Q Earnings Up 6%
Bentonville, AR, August 16--Wal-Mart reported second-quarter earnings that rose 6% to $2.8 billion, or $0.67 per share. The company reported sales that were up 10.2% to $76.8 billion.