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.
Nybro, Sweden, Sept. 9, 2008--Wood flooring manufacturer Kährs is investing $14.8 million at its Nybro factory in Sweden but will also lay off about 245 employees because of weak market conditions, Timber Industry Magazine reported.
Poulsbo, WA, Sept. 10, 2008--Bamboo flooring company Higuera Hardwoods has ranked No. 623 by Inc. Magazine in its list of the Inc. 5000.
London, England, Sept. 10, 2008--Barratt Developments PLC, Britain's second-biggest house builder by volume, said that full-year profits fell by 71 percent as the credit crunch depressed sales in the second half.
Grand Rapids, MI, Sept. 10, 2008--Michele Oka Doner has spent the past year working on her newest sculpture, only to have visitors at Frederik Meijer Gardens & Sculpture Park walk all over it.
Montreal, Quebec, Canada, Sept. 9, 2008-- The merger of FieldTurf Tarkett companies Beynon Sports Surfaces and Defargo USA has been completed, the company said.
Washington, DC, Sept. 9, 2008--Although mortgage rates fell Monday on news of the bailout of Fannie and Freddie Mac, experts warned not to expect lower borrowing costs to suddenly revive the troubled housing market.
Washington, DC, Sept. 9, 2008-- In a sign that the U.S. housing market may weaken in coming months, an index of sales contracts on previously owned U.S. homes fell 3.2% in July from the prior month, the National Association of Realtors reported Tuesday.
St. Paul, MN, Sept. 8, 2008--H.B. Fuller Company has lowered its earnings expectations for fiscal year 2008, reflecting the impact from rapidly rising raw material costs.
San Francisco, CA, Sept. 9, 2008--Reflecting signs of a weaker economy and rising costs, small business owners' optimism continues to decline, according to the recent Wells Fargo/Gallup Small Business Index.
New York, NY, Sept. 8, 2008--An analyst downgraded shares of Mohawk Industries Inc. on its exposure to weakening U.S. nonresidential and European markets and the stock's summer surge.