Stifel Nicolaus Raises Estimates for Interface
Baltimore, MD, July 29, 2010--Analyst Stifel, Nicolaus & Co. is maintaining its "buy" rating on carpet maker Interface Inc. and has raised its estimates for the firm.
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.
Fed's Beige Book Reports Slower Growth
Washington, DC, July 29, 2010--The Federal Reserve said economic growth slowed in some areas recently, hurt by commercial real estate and the expiration of a tax credit for homebuyers.
Dixie Group Reports Double-Digit Sales Growth
Chattanooga, TN, July 29, 2010--The Dixie Group reported second quarter net loss of $744,000, or $0.06 per share, compared with a net loss of $1,067,000, or $0.09 per share, for the year-earlier period.
Shaw Closing Maine Wood Veneer Plant
Patten, ME, July 28, 2010--Shaw Industries is closing a wood veneer mill in the northern Maine town of Patten.
WFCA Winds Up Summer Media Tour
Anaheim, CA, July 28, 2010--Through ongoing and aggressive programs and tactics, the World Floor Covering Association says it continues to reach target consumers in record numbers.
Roll-Master's Botelho Dies at North Carolina Home
Lexington, NC, July 28, 2010--Robert J. Botelho, executive vice president of Roll-Master Software for the last 13 years, died Tuesday July 6 at home.
Home Ownership Lowest in a Decade
Washington, DC, July 28, 2010--Nearly 19 million homes in the U.S. stood empty during the second quarter, according to a report by the U.S. Census Bureau.
Mortgage Application Volume Down
Washington, DC, July 28, 2010--Mortgage application volume fell last week despite the lowest mortgage rates in decades.
Europe Passes Lacey-Like Legislation
Paris, France, July 28, 2010--New European legislation to reduce illegal logging will include flooring materials.
Durable Goods Orders Fell Unexpectedly in June
Washington, DC, July 28, 2010--Durable goods orders fell 1% in June, the Commerce Department reported Wednesday.