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WASHINGTON -- The number of initial jobless claims fell to their lowest level in 17 months, the Labor Department announced today.

WASHINGTON -- Favorable financing conditions and higher incomes helped make it considerably easier for American families to afford homeownership in this year's first quarter compared to the same period one year ago.

WASHINGTON -- Housing starts fell 3.6 percent in June after a surge in May, the Commerce Department reported today.

WASHINGTON -- Industrial production was up in June for its sixth straight month, the Federal Reserve said today.

CALHOUN, Ga. -- Mohawk Industries, Inc. announced record net earnings and diluted earnings per share for the second quarter of 2002.

3M is relaunching Scotchgard with greener products and expansive selection.

WASHINGTON -- The number of workers applying for state unemployment aid increased last week to the highest level in six weeks, the government said today.

Consumer credit rose at an annual growth rate of 6.8 percent in May, the strongest since a 15 percent growth rate last November.

A bankruptcy judge has thrown out a class-action lawsuit filed against Armstrong World Industries Inc. by owners of buildings containing old asbestos floors.

Construction spending fell unexpectedly 0.7 percent in May from a record level. as both residential and nonresidential building slowed, the government reported today.