California Builder Ryland Reports Quarterly Loss
Calabasas, CA, Oct. 23, 2008---Ryland Group Inc. reported a third-quarter loss of $65.7 million Wednesday as revenue dropped 26.7%.
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.
Target Says Credit Woes Hitting Customers
New York, NY, Oct. 23, 2008--Shares of Target Corp. fell to a five-year low Wednesday as the retailer offered more evidence that its customers had trouble making their credit card payments in September.
Dow Profits Rise as Price Increases Offset Costs
Midland, MI, Oct. 23, 2008--Dow Chemical Co. reported a 6 percent increase in third-quarter profits as price increases passed on to customers offset a nearly 50 percent jump in its raw materials and energy costs.
FloorTek Scheduled To Return Next Fall
Dalton, GA, October 23, 2008 -- With a theme of “We Speak Floor,” the FloorTek 2009 bi-annual trade show, sponsored by the American Floorcovering Alliance will return to the Northwest Georgia Trade Center in Dalton Sept. 22-24.
AIA Billings Index Tumbled in September
New York, NY, Oct. 22, 2008--A measure of future U.S. nonresidential construction activity plunged last month as more architects reported cancellations of projects amid the ongoing credit crisis, according to the American Institute of Architects.
Flexco Setting Up Alabama Distribution Site
Muscle Shoals, AL, Oct. 22, 2008--Roppe Holding plans to turn a vacant manufacturing home business into a distribution site for Flexco Co.
Armstrong Tile Wins Best of Show Award
Lancaster, PA, Oct. 21, 2008--Migrations BioBased Tile by Armstrong Commercial Floors took top honors in the 2008 Symposium Distinction Awards.
Interface Net Income Down Slightly, Sales Flat
Atlanta, GA, Oct. 21, 2008--Profits fell slightly but sales were flat for Interface Inc. in the third quarter compared to a year ago.
Foreclosures May Accelerate as Unemployment Rises
San Francisco, CA, Oct. 22, 2008--If 2008 was a record year for home foreclosures, next year could look even worse as job losses mount, the chief economist of the Mortgage Bankers Association said on Tuesday.
Mohawk Website Consumer Application Wins Award
Dalton, GA, Oct. 22, 2008--My Mohawk RoomMate, a web application that matches consumers with the right type of flooring for their room makeover, earned two awards from the International Academy of Visual Arts and the W3 Awards.