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.
Linwood, PA, March 13, 2008 — Foamex said it intends raise about $80 million in additional equity through a complex rights offering to existing shareholders and by exchanging some debt for additional common stock.
Irvine, CA, March 13, 2008—Foreclosures fell 4 percent in February from January, according to RealtyTrac Inc. However, the February rate was almost 60 percent higher than the same month a year ago.
Mercerville, NJ, March 12, 2008--Congoleum Corporation reported a net loss of $2.4 million or $0.29 per share for the fourth quarter, more than double the $1 million or $0.12 per share in the same quarter a year ago.
Lumber Liquidators reported that net income in 2007 fell from a year ago, to $11.3 million, or $0.48 per diluted share, compared with $12.9 million, or $0.56 per diluted share in 2006.
Washington, DC, March 13, 2008—Initial jobless claims for state unemployment benefits for the week ending March 8 totaled 353,000, the same as the revised number for the week ending March 1, according to the Labor Department
Washington, DC, March 12, 2008--Mortgage applications fell last week 3.4 percent from the same week last year, according to the Mortgage Bankers Association.
Kennesaw, GA, March 13, 2008--From March 17 through May 16, carpet retail salespeople can earn twice the rewards points if they sell a Mohawk residential style carpet made with Wear-Dated carpet fiber during that time.
Lexington, SC, March 12, 2008—Shaw Industries plans to invest about $60 million over five years to expand its Lexington operation.
Springfield, MO, March 13, 2008- - Solutia Inc. is planning to invest $50 million to $75 million at its Indian Orchard plant over the next five to 10 years.
Washington, DC, March 12, 2008--Oil prices fell back from an overnight record near $110 a barrel, as the U.S. dollar continued to fall.