Consumer Confidence Falls on Jobs Picture
New York, NY, Feb. 23, 2010--Consumer confidence fell in February to the lowest level since last April on concerns about the job market.
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.
Groups Adopt Floor Flatness Position Statement
St. Louis, MO, Feb. 23, 2010--Two national flooring associations have endorsed a position statement on floor flatness tolerances written by the American Society of Concrete Contractors.
Commercial Real Estate Soft in Fourth Quarter
Washington, DC, Feb. 23, 2010--Fallout from the recession continued to hurt commercial real estate in the fourth quarter, according to the National Association of Realtors.
Välinge Wins Court Ruling on Patent Dispute
Viken, Sweden, Feb. 23, 2010--Välinge said it has won a key ruling in a patent dispute with Pergo over patents that Pergo has used against Välinge's licensees Berry/Alloc and Armstrong.
Most Economic Reports Last Week Were Positive
Washington, DC, Feb. 23, 2010--Last week's eight economic reports were virtually all positive.
Tennant Swings to Quarterly Profit
Minneapolis, MN, Feb. 23, 2010--Floor cleaning solutions firm Tennant Co. reported a quarterly profit of $6.7 million, or 35 cents a share, compared with a net loss of $16.9 million, or 93 cents a share, a year ago.
Foreclosure Crisis May Be Turning Around
Washington, DC, Feb. 22, 2010--The foreclosure crisis is showing signs of slowing, the Mortgage Bankers Association said.
Lowe's Reports Higher Quarterly Earnings
Mooresville, NC, Feb. 22, 2010--Lowe's Companies reported net earnings of $205 million for the quarter ended Jan. 29, a 26.5 percent increase from the same period a year ago.
ReSource Arizona Joins CARE
Phoenix, AZ, Feb. 22, 2010--ReSource Arizona said it has joined the Carpet America Recovery Effort, the nationwide carpet recycling and reclamation program.
Oil Back Above $80 Again
New York, NY, Feb. 22, 2010--Oil prices cracked $80 a barrel Monday in Asia, the first time in over a month.