Stimulus Bill Includes School Construction Funds
Washington, DC, Feb. 12, 2009--The compromise stimulus package will include $6 billion for school repair and modernization, according to the Associated Press .
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.
Stimulus Compromise Cuts Homebuyer Tax Credit
Washington, DC, Feb. 12, 2009--An economic stimulus bill is headed for passage in Congress by the end of this week after lawmakers agreed on a $789 billion plan that aims to stem the recession through a mix of government spending and tax cuts.
Foreclosures Fall in January, but Up from '08
Irvine, CA, Feb. 12, 2009--The number of foreclosure notices fell in January but was still up from the same month a year ago.
Carpet Retailer Finds That Small Is Good
Toledo, OH, Feb. 12, 2009--Forty years after starting as a janitorial supplies and carpet-cleaning firm, Carpets by Otto has switched to selling floor covering.
Armstrong Scaling Back in Tennessee
Jackson, TN, Feb. 12, 2009--Armstrong World Industries said it will indefinitely lay off 110 people from its local hardwood flooring plant, according to the Jackson Sun.
Mannington Commercial Hires Marketing Manager
Calhoun, GA, Feb. 11, 2009--Kathryn Patterson has joined Mannington Commercial as a marketing manager.
Oil Prices Falling on Stimulus Skepticism, Demand
New York, NY, Feb. 12, 2009--Surging crude inventories and investor skepticism over the U.S. stimulus package sent oil prices below $36 per barrel Thursday.
Armstrong Shuttering Mississippi Hardwood Plant
Vicksburg, MS, Feb. 11, 2009--All 124 employees of the Armstrong hardwood flooring manufacturing plant in Vicksburg were told Monday they won’t have jobs in 90 days, but managers said the shutdown may not be permanent, according to the Vicksburg Post.
Toll Brothers Q1 Revenue Cut in Half
Horsham, PA, Feb. 11, 2009 -- Luxury home builder Toll Brothers, Inc. said preliminary first quarter results show that revenues were approximately $409.3 million, down 51% from a year ago.
Wools of New Zealand Contest Winners Honored
Las Vegas, NV, Feb. 11, 2009--Wools of New Zealand Fashion Dynamics competition at Surfaces honored several manufacturers.