Bentley Prince Street Invests in Backing Method
City of Industry, CA, March 11, 2008 – Bentley Prince Street has launched a new carpet tile backing line using next generation thermoplastic technology.
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.
Lumber Liquidators 4th-Quarter Earnings Rise
New York, NY, March 12, 2008--Hardwood flooring retailer Lumber Liquidators said its fourth-quarter earnings increased 88 percent due to sales at new stores, fewer promotions and higher margin products sold.
AMEX To Delist Congoleum on March 24
New York, NY, March 12, 2008--The American Stock Exchange said it will delist the Class A common stock of Congoleum Corporation effective March 24, unless it is postponed by the Securities and Exchange Commission.
Trade Gap Expands on Higher Oil Prices
Washington, DC, March 12, 2008-- The U.S. trade deficit expanded in January as imports rose to all-time highs.
Economic Forecast Sees No Recession This Year
Los Angeles, CA, March 11, 2008-- The U.S. economy will suffer as the slumping housing market slows job creation and consumer spending, but the nation should avoid a recession this year, according to the UCLA Anderson Forecast.
Euclid Chemical Company Buys Increte Systems
Medina, OH, March 11, 2008--RPM International Inc. said that its subsidiary, Euclid Chemical Company of Cleveland, has acquired Increte Systems of Odessa, Fla.
Iranian Carpet Industry Exports $450 Million
Tehran, Iran, March 11, 2008--Deputy Commerce Minister Morteza Faraji said on Tuesday that there are 2 million people producing hand-woven carpets in Iran.
Gerflor Launches Commercial Website
Atlanta, GA, March 11, 2008–-Gerflor has launched a new commercial website, www.gerflor-us.com.
Hiring Likely To Slow in Second Quarter
Milwaukee, WI, March 11, 2008-- U.S. employers anticipate a decline in hiring for the second quarter, according to the latest Manpower Employment Outlook Survey.
Hovnanian's Losses Double from Last Year
Red Bank, NJ, March 11, 2008--Hovnanian Enterprises Inc.'s net loss increased in the first quarter to $131 million as the company had $94 million in write-downs because of falling home prices since last summer.