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.
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.
Washington, DC, Oct. 2, 2008-- Initial jobless applications rose to the highest level in seven years.
Durham, NC, Oct. 2, 2008--German specialty textile maker Freudenberg Nonwovens is laying off 59 workers and shuttering some operations in Durham.
Christchurch, New Zealand, Oct. 1, 2008--Wool Partners International has entered into an agreement to purchase the Wools of New Zealand group of companies.
New York, NY, Oct. 2, 2008--Analysts at SunTrust Robinson Humphrey downgraded Armstrong World Industries.
Dalton, GA, Oct. 1, 2008--Dalton’s US Floors, maker of Natural Cork, is reportedly planning a $10 million expansion that will add 15 new jobs, according to a Dalton newspaper.
Washington, DC, Oct. 2, 2008--The Senate, after adding tax breaks and other provisions to attract skeptical lawmakers, voted 74-25 last night to resurrect President Bush's $700 billion financial aid package for Wall Street.
Calhoun, GA, Sept. 30, 2008-Mohawk Industries will close synthetic carpet yarn plants in Fort Oglethorpe, Ga. and Dillon, S.C. in the next 60 days.
Atlanta, GA, Sept. 30, 2008--The Partnership for a Sustainable Georgia has recognized Milliken & Company's Live Oak Complex and Hillside Plant of LaGrange, Ga., as Mentors of the Year.
Washington, DC, Oct. 1, 2008--Mortgage applications filed last week dropped a seasonally adjusted 23.0 percent from the previous week.