Congress Approves Historic Financial Bailout
Washington, DC, Oct. 3, 2008--Congress approved an unprecedented $700 billion government bailout of the battered financial industry on Friday.
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.
Oakland Company Buys Rare Antique Rug Collections
Oakland, CA, Oct. 3, 2008--Claremont Rug Company has purchased three major antique Oriental rug collections, totaling nearly 200 art-quality 19th century carpets.
Tarkett Commercial Tile Gets Energy Saver Award
Houston, TX, Oct. 2, 2008 – The U.S. Department of Energy awarded Tarkett Commercial Tile with an Energy Saver Award.
Factory Orders Plunge as Credit Strains Hit
Washington, DC, Oct. 2, 2008--Orders to U.S. factories fell by the largest amount in nearly two years in August.
Forbo Completes Aquisition of Bonar Floor
Baar, Switzerland, Oct. 2, 2008--Forbo has completed the acquisition of Bonar Floor, the flooring division of the Low & Bonar PLC.
Optimism for House Bailout as Reps Switch Sides
Washington, DC, Oct. 3, 2008--The $700 billion rescue package is getting a second chance in the House as voters anxiously ponder an economic meltdown that could wipe out their ability to borrow, plunder their savings and put them out of work.
Initial Jobless Claims Rise To 7-Year High
Washington, DC, Oct. 2, 2008-- Initial jobless applications rose to the highest level in seven years.
Freudenberg Laying Off in Non Carpet Operations
Durham, NC, Oct. 2, 2008--German specialty textile maker Freudenberg Nonwovens is laying off 59 workers and shuttering some operations in Durham.
Wool Partners Intl. Buys Wools of New Zealand
Christchurch, New Zealand, Oct. 1, 2008--Wool Partners International has entered into an agreement to purchase the Wools of New Zealand group of companies.
SunTrust Analysts Downgrade Armstrong
New York, NY, Oct. 2, 2008--Analysts at SunTrust Robinson Humphrey downgraded Armstrong World Industries.