Fed To Hold Interest Rates Low Until Mid 2013
Washington, DC, Aug. 10, 2011 -- The Federal Reserve said it will hold interest rates near zero until the middle of 2013.
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.
Former Florida Tile Executive Cuthbertson Dies
Heber City, UT, Aug. 10, 2011 -- Former Florida Tile executive Jim Cuthbertson died Saturday, Aug. 6 after a short battle with bone cancer.
Mortgage Applications Rise Over 21%
Washington, DC, Aug. 10, 2011 -- Home mortgage applications rose last week as interest rates hit their lowest level this year, according to the Mortgage Bankers Association.
Omnova Solutions Raising Latex Prices
Fairlawn, OH, Aug. 10, 2011 -- Omnova Solutions said it will increase prices $0.07 per dry pound on styrene butadiene (SB) latex for carpet and related markets, effective Sept. 6.
Michigan Couple Back in Flooring Business
Traverse City, MI, Aug. 10, 2011 -- The former owners of Floor Covering Brokers in Traverse City, recently have opened Cash n Carry Flooring here.
Interface Founder Ray Anderson Dies
Atlanta, GA, Aug. 8, 2011 -- Ray Anderson, founder and chairman of carpet firm Interface Inc., died Monday surrounded by his family.
Nora Systems Moves Headquarters
Salem, NH, Aug. 9, 2011 -- Rubber flooring manufacturer Nora systems has relocated its North American headquarters to a new facility in Salem, N.H.
Oil Prices Continue Relentless Slide
New York, NY, Aug. 9, 2011 -- Oil prices fell to their lowest in nearly a year before rallying to above $80 a barrel Tuesday in Asia.
Beazer Homes Loss More Than Doubles
Atlanta, GA, Aug. 9, 2011 -- Beazer Homes reported a net loss of $59.1 million for the third quarter compared to a net loss of $27.8 million in the same period last year.
Small Business Optimism Falls in July
Washington, DC, Aug. 9, 2011 -- For the fifth consecutive month, the National Federation of Independent Business's Small-Business Optimism Index fell, dropping 0.9 points in July.