Oil Prices Hit Three-Year Low on Economic News
New York, NY, Dec. 2, 2008--Oil prices fell to a 3-year low below $48 a barrel Tuesday as more bleak U.S. economic news and plunging stock markets darkened investor expectations for energy 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.
Demand for Sustainable Design Continues To Grow
New York, NY, Dec. 2, 2008--Autodesk Inc. and the American Institute of Architects have released the 2008 Autodesk/AIA Green Index.
Välinge Signs German Flooring Firm
Viken, Sweden, Dec. 2, 2008--Välinge has signed German producer Hamberger Flooring GmbH as a new licensee.
EPA Begins Investigation of Formaldehyde
Washington, DC, Dec. 2, 2008--The Environmental Protection Agency is starting its investigation into the health effects of formaldehyde in pressed wood products.
NYSE Tells Omnova Stock Price Is Too Low
Fairlawn, OH, Dec. 2, 2008--Omnova Solutions said that as a result of the recent volatility in its stock, the company was notified Nov. 28 by the New York Stock Exchange that its share price is too low.
Olson Named Assistant Director of NCTA
Jackson, MS, Dec. 1, 2008--The National Tile Contractors Association has named Jim Olson as the new assistant executive director. He is responsible for growing the association's membership and training programs.
Formica Flooring Names Northwestern Distributor
Barnwell, SC, Dec. 1, 2008--Formica Flooring has signed distributor Wanke Cascade, who will handle product in Oregon, Washington, Montana, Northern Idaho and Alaska.
Natco Purchases Canadian Floor Mat Firm
West Warwick, RI, Dec. 1, 2008--Natco Home Products has purchased Canadian indoor/outdoor floor mat and runner company Multy Industries Inc.
Record Number of Foreclosures Avoided, Group Says
Washington, DC, Dec. 1, 2008--The mortgage industry set a record for the number of mortgage workouts done in October, according to Hope Now, an alliance of mortgage servicers, counselors and investors working to help homeowners avoid foreclosure.
Manufacturing Contracts in November at Fast Pace
Tempe, AZ, Dec. 1, 2008 -- Manufacturing output in the U.S. contracted in November at the fastest pace in 26 years, according to the Institute for Supply Management.