Banks Pulling Back on Home Equity Loans
Washington, DC, July 7, 2008--The delinquency rate on home-equity lines of credit rose to its highest in more than a decade during the first quarter, according to the American Bankers Association.
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.
Cascade Increases Investment in UK's Carpetright
London, England, July 7, 2008--Carpetright said Bill Gates' Cascade Investment LLC has increased its stake in the company to 5.1 percent.
Hardwood Flooring Summit Features BR-111's Racine
Atlanta, GA, July 7, 2008 -- BR-111's Director of Technical services, Jack Racine, will be a speaker at the Hardwood Flooring Summit Aug. 14-17.
Carpetright Invests $9.25 Million in Software
London, England, July 7, 2008--Carpetright said it has improved management information, stock control and customer orders following a $9.25 million rollout of Microsoft software.
Employers Cut 62,000 Jobs in June
Washington, DC, July 3, 2008--Payrolls were cut by 62,000 in June, the sixth straight month of nationwide job losses, while the unemployment rate held steady at 5.5 percent, according to the Labor Department.
Shaw Industries Buys NC-Based Zickgraf Hardwood
Dalton, GA, July 2, 2008—Shaw Industries said today it has purchased Zickgraf Hardwood Flooring Company based in Franklin, N.C.
Initial Jobless Claims Rise by 16,000
Washington, DC, July 3, 2008--Initial claims for unemployment benefits rose by 16,000 last week to 404,000, only the second time in this cycle that initial claims have been above 400,000, the Labor Department reported Thursday
Non-Manufacturing Sector Shrinks in June
Tempe, AZ, July 3, 2008--Economic activity in the non-manufacturing sector contracted in June, according to the Non-Manufacturing ISM Report On Business.
Pfleiderer Authorizes Buy Back of 1 Million Shares
Neumarkt, Germany, July 2, 2008 --Pfleiderer plans to buy back up to 1 million shares of the company's stock by July 25.
Abbey Carpet Unveils New Website, Ad Campaign
Bonita Springs, FL, July 2, 2008--Abbey Carpet Co. has launched a new website.