Oil Prices Back Below $40 on Production Fears
New York, NY, Jan. 12, 2009--Crude oil prices fell below $40 in New York on concern that production cuts by the Organization of Petroleum Exporting Countries will fail to counter a slump in demand.
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.
Analyst Downgrades Omnova Solutions
Fairlawn, OH, Jan. 12, 2009--KeyBanc has downgraded Omnova Solutions from hold to underweight.
Gulistan Closing North Carolina Plant
Turnersburg, NC, Jan. 9, 2009--Gulistan Carpet will close its Turnersburg plant in Iredell County next month, according to the Statesville Record & Landmark.
ArborCraft Withdraws from Surfaces Show
Johnson City, TN, Jan. 8, 2009 – ArborCraft has decided to withdraw from the Surfaces trade show.
CRI Revokes Support for GreenSeal Standard
Dalton, GA, Jan. 9, 2009--The Carpet and Rug Institute said it will no longer recognize GreenSeal's GS-37 Standard as a Green Certification for its Seal of Approval Carpet Cleaning Solutions.
Job Losses Continue To Rise in December
Washington, DC, Jan. 9, 2009--The economy lost 524,000 jobs in December, closing out the worst year for job losses since World War II, the Labor Department said Friday.
North Carolina Firm's Rugs Now in White House
Hendersonville, NC, Jan. 9, 2009--Two rooms in the White House are now adorned with new rugs made in Hendersonville.
AGC: Construction Jobs at Risk Without Stimulus
Washington, DC, Jan. 9, 2009--The U.S. construction sector could lose 30 percent of its jobs this year unless Congress quickly approves a stimulus package, the Associated General Contractors of America warned.
Public Comment on LEED for Neighborhoods Closes
Washington, DC, Jan. 9, 2009--The first public comment period for LEED for Neighborhood Development, the first national certification system for green neighborhood design and development, has closed.
KB Home Narrows Quarterly Loss
Los Angeles, CA, Jan. 9, 2009--KB Home said Friday its fourth-quarter loss was narrower than a year ago, but revenue and orders for new homes were roughly cut in half.