Fixed Rates Mortgages Below 5% Offered
New York, NY, Jan. 8, 2009--Some large U.S. banks are starting to offer fixed home loans below 5 percent.
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.
Bed, Bath & Beyond Sees Earnings Slide
Union, NJ, Jan. 8, 2009--Bed Bath & Beyond Inc. said Wednesday that its third-quarter earnings fell more than 36 percent as revenue and same-store sales slipped on a continued pullback in consumer spending.
Amorim Buys Stake in US Floors
Dalton, GA, Jan. 7, 2009--Amorim Coatings has acquired 25 percent of North American distributor of cork flooring US Floors for $10 million.
Mullican Lumber Closing West Virginia Sawmill
Ronceverte, WV, Jan. 7, 2009--The Mullican Lumber Co., one of Greenbrier County’s largest employers, plans to close its sawmill operation by the end of March, citing the slumping national economy.
Forbo Anticipates Difficult 2009
Baar, Switzerland, Jan. 7, 2009--Forbo has been affected by the significant slump in demand for flooring products, the company said.
Housekeepers To Promote CRI Certified Products
Dalton, GA, Jan. 6, 2009--The International Executive Housekeepers Association (IEHA) and the Carpet and Rug Institute (CRI) have signed a joint Memorandum of Understanding.
Mortgage Applications Fall, But Higher Than '08
Washington, DC, Jan. 7, 2009--Mortgage applications filed last week fell 8.2% from the previous week on lower refinancing activity, according to the Mortgage Bankers Association.
Pending Home Sales Slump To Record Low
Washington, DC, Jan. 6, 2009--Pending home sales fell to the lowest level on record in November, according to the National Association of Realtors.
Carpetright May Buy Weaker Rivals
London, England, Jan. 6, 2009--Carpetright may consider buying Topps Tiles and other floorcovering rivals in the next year or so, according to the Financial Times.
Dow Seeks Legal Recourse Against Kuwaiti Firm
Midland, MI, Jan. 6, 2009--Dow Chemical Co. will pursue legal action against a state-owned Kuwaiti company that pulled out of a joint venture agreement last week, according to filings with the SEC.