Today's Flooring News

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Valinge Says Revenues, Income Rise

Valinge Says Revenues, Income Rise

Viken, Sweden, Feb. 26, 2009--Valinge said its 2008 license income increased 13% in 2008 over the previous year. Operating income before taxes was $25.8 million, an increase of 4%.

New Home Sales Decline in January

Washington, DC, Feb. 26, 2009--Sales of new homes fell 10.2% in January to a record seasonally adjusted annual rate of 309,000, the Commerce Department estimated Thursday.

Milliken To Cut Workforce Worldwide

Spartanburg, SC, Feb. 25, 2009--Milliken & Co. said Tuesday it will lay off about 650 employees, or 6.5 percent of its work force, because of worsening economic conditions.