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.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Houston Cleaning Service Joins Bio-Solutions
Hattiesburg, MS, August 16-- Bio-Solutions Franchise Corp., the exclusive marketing company for Bio-Solutions Manufacturing announced that Allison & Sons, has acquired the EcoSafe Cleaning Service franchise for Houston and Harris County, Texas.
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.
Mohawk Realigns Residential & Commercial Flooring
Calhoun, GA, August 16--Mohawk Industries has realigned its Mohawk residential and commercial flooring businesses into two strategic business units (SBUs) designed to enhance operations and customer service.
CPI Up 0.5% in July
Washington, DC, August 16--The consumer prices index rose 0.5% in July, according to the Labor Department. The core index, which excludes food and energy increased 0.2%.
Patcraft Commercial Carpet Unveils Pinstripe Tile
Dalton, GA, August 16--Bold graphic stripes and a visual color texture combine to create Pinstripe Tile’s stylized geometry, a new product from Patcraft Commercial Carpet.
Propex Fabrics Reports 2Q Results
Austell, GA, August 16--Propex Fabrics reported total net revenue that increased $10.3 million, or 6.5%, from $157.8 million in the second quarter of 2004 to $168.1 million in the three months ended June 30, 2005.