Oil Prices Continue To Fall on Recession Worries
Vienna, Austria--Oil prices hit a 14-month low Thursday as bad U.S. economic news stoked fears that a significant global economic slowdown will undermine demand for crude.
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.
INSTALL Will Be Active at Surfaces 2009
Las Vegas, NV, Oct. 16, 2008--The International Standards and Training Alliance (INSTALL) will be an active participant at Surfaces 2009 with demonstrations and seminars to help attendees better understand professional installation.
Home Centers To Gain as Competitors Go Under
New York, NY, Oct. 15, 2008--Home Depot Inc. and Lowe's Cos. may increase sales as retailers in the home-improvement industry consolidate or close.
Wholesale Prices Fall in September
Washington, DC, Oct. 15, 2008--Wholesale prices for finished goods fell in September on lower fuel costs, in their second consecutive month-over-month decline.
Tacony, Oreck Vacuums Get CRI Gold Approval
Dalton, GA, Oct. 16, 2008--A total of 26 new vacuum cleaners have earned the Carpet and Rug Institute's designation as Green Label/Seal of Approval vacuum cleaners.
USFloors Set To Open First U.S. Bamboo, Cork Plant
Dalton, GA, Oct. 15, 2008--With the year-end opening of its cork and bamboo flooring manufacturing facility in Dalton, USFloors said it will be the only manufacturer of cork and bamboo flooring in the U.S.
Invista Restructuring Delaware Nylon Plant
Seaford, DE, Oct. 15, 2008--Invista says it plans to lay off 400 of the 500 workers at its nylon plant in Seaford by the middle of next year.
U.S. Says It Will Enforce Lacey Act Amendments
Washington, DC, Oct. 15, 2008--U.S. government agencies held the first public meeting to present the government's commitment to enforce a new law amending the U.S. Lacey Act to prohibit trade in products that contain illegally logged wood.
Mortgage Applications Rise on Refinancing
Washington, DC, Oct. 15, 2008--Mortgage applications filed last week increased 5.1 percent compared with the week before, reflecting an increase in refinancing activity, the Mortgage Bankers Association reported on Wednesday.
Measure of Consumer Confidence Falls in October
New York, NY, Oct. 15, 2008--One measure of U.S. consumer confidence fell in October from an 11-month high in September, as the financial market turmoil stoked worries about the economy, according to a new survey.