Faus Files Patent Suit Against Berry, Alloc
Calhoun, GA , March 6, 2008-- Faus Group Inc. filed a lawsuit for patent infringement against Berry Floor NV and Alloc, Inc. and for breach of license agreement against Berry Finance NV.
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.
Home Foreclosures Hit a Record Level
Washington, DC, March 6, 2008—The rate of foreclosures in the fourth quarter was the highest level in the history of the Mortgage Bankers Association’s quarterly delinquency survey.
Pending Home Sales Flat in January
Washington, DC, March 6, 2008—An index of pending sales of existing homes was flat in January.
Investment Firm Takes Stake in Solutia
Dallas TX, March 6, 2008--Highland Capital Management said it owns a 7.7 percent stake in specialty chemicals company Solutia Inc.
Mohawk, FloorExpo Form Builder Market Partnership
Chattanooga, TN, March 5, 2008--Mohawk Industries and FloorExpo have formed a comprehensive new partnership to serve the single-family new construction and multi-family markets.
Initial Jobless Claims Fall to Late January Level
Washington, DC, March 6, 2008-- Initial jobless claims fell to their lowest level since the second half of January.
Ulster Carpets Installs New Patented Technology
Portadown, Ireland, March 6, 2008--Ulster Carpets has completed a $29 million investment in new technology at its Portadown factory, which will enable it to beat cheap competition from the Far East, the company said.
Portuguese Panel Maker Says Profits Soar
Maia, Portugal, March 6, 2008--Wood panel maker Sonae Industria SGPS said net profit rose 143 percent to $121 million last year.
Pergo Suing Unilin for Violation of 13 Patents
Trelleborg, Germany, March 5, 2008--Pergo (Europe) AB and Pergo LLC are suing Unilin for patent infringement.
Private Employment Falls 23,000 in February
Roseland, NJ, March 5, 2008--Nonfarm private employment declined by 23,000 in February, the first drop since June 2003, according to the ADP National Employment Report.