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.
New York, NY, March 26, 2009--Berkshire Hathaway, parent of Shaw Industries, could lose its "AAA" credit rating from Standard & Poor's, after the ratings agency revised its outlook to "negative" from "stable."
Washington, DC, March 25, 2009--Sales of new one-family houses in February were at a seasonally adjusted annual rate of 337,000.
Dalton, GA, March 24, 2009 –Shaw Industries will close a spun yarn facility in Calhoun, Ga., and a filament yarn facility in Valdosta, Ga. due to business conditions in the housing sector.
Washington, DC, March 25, 2009--U.S. stocks rose after an unexpected increase in orders for durable goods spurred speculation the worst of the recession is over.
Calhoun, GA, March 25, 2009 --FieldTurf has opened a new manufacturing facility in Calhoun, Ga.
Washington, DC, March 25, 2009--Energy-intensive manufacturing of steel, cement, chemicals and other products could move overseas without tax breaks or other subsidies, an industry coalition told lawmakers on Tuesday.
London, England, March 25, 2009--One of the UK's largest tile and wood flooring specialists Topps Tiles has reported a drop in revenue for the start of 2009.
Washington, DC, March 25, 2009--Lower interest rates will entice about 18% of all U.S. households with mortgages to refinance this year, Jay Brinkmann, chief economist of the Mortgage Bankers Association, told the Wall Street Journal.
London, England, March 24, 2009--Allied Carpets, the UK's second-largest flooring retailer, has been acquired by an offshore investment fund, for an undisclosed sum.
Washington, DC, March 25, 2009--Mortgage refinancing application volume rose an unadjusted 41.5% last week, compared with the week before, the latest Mortgage Bankers Association survey results, released on Wednesday.