Bernanke Says Economy May Shrink in First Half
Washington, DC, April 2, 2008-- Federal Reserve Chairman Ben Bernanke said in congressional testimony that the economy could contract over the first half of this year.
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.
Floor Covering Institute Adds Ramey, Migliore
St Louis, MO, April 2, 2008--The Floor Covering Institute has added two new faculty members.
Stauf Moving German President To Run U.S. Group
Memphis, TN, April 1, 2008 – Wolfgang Stauf, who has been president of German-based Stauf Adhesives since 1998, is moving to Memphis to steer the rapidly growing Stauf USA division.
Lauzon Signs Distributor Patriot Flooring Supply.
Papineauville, Québec, Canada, April 2, 2008—Canadian hardwood flooring firm Lauzon has formed a distribution partnership with Patriot Flooring Supply Inc. of Pompton Plains, N.J.
Mortgage Refinancing Falls Substantially
Washington, DC, April 2, 2008--Mortgage applications fell 29 percent for the week ending March 28, due mostly to a drop in refinancing activity, according to the Mortgage Bankers Association.
Omnova Solutions Narrows First Quarter Loss
Fairlawn, OH, April 2, 2008--Omnova Solutions Inc. reported a net loss of $3.0 million, or $0.07 per diluted share, for the first quarter ended Feb. 29, compared to a net loss of $5.1 million, or $0.12 per diluted share, for the first quarter of 2007.
Bentley Prince Street Carpets Shanghai Airport
Los Angeles, CA, April 1, 2008 – Visitors to China’s Shanghai Pudong International Airport will soon be walking on carpet by California-based manufacturer Bentley Prince Street.
Belgian Firm Develops Lightweight Aviation Carpet
Courtrai, Belgium, April 2, 2008--A new ultra lightweight carpet and lightweight carpet for the aviation market is being introduced by Belgian International Carpets. Both carpets boast a significant difference in weight compared to standard carpet.
Dow Raising Latex Prices on April 28
Midland, MI, April 2, 2008-- Dow Chemical Company as of April 28 is increasing prices by $0.05 per pound for all styrene butadiene latex products sold by Dow Emulsion Polymers to customers in the U.S. and Canada serving the carpet industry.
Owens Corning Develops New Laminate Reinforcement
Paris, France, April 1, 2008--Owens Corning has introduced the first non-woven glass tissue reinforcement for direct pressure laminate flooring (DPL), which raises fire resistance and impact performance to commercial standards.