Rieter Sells Plastics Business to Swiss Firm
Winterthur, Switzerland, February 27, 2008--Rieter is selling its plastics granulates business.
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.
Toll Brothers Loses $96 Million in Quarter
Horsham, PA, February 27, 2008 -- Toll Brothers Inc. lost $96 million or $.61 per share in its fiscal first quarter, which included pre-tax write downs of $245.5 million and $27.8 million.
Overseas Sales Boosts Tennant's Earnings
Golden Valley, MN, February 27, 2008--Tennant Co. reported a 52 percent increase in its fourth-quarter profit on strong international sales and the sale of a facility.
Mortgage Volume Drops on Lower Refinancing
Washington, D.C., February 27, 2008 — Mortgage volume fell 19.2 percent the week ending Feb. 22 from the previous week due to a drop off in refinancing, according to the Mortgage Bankers Association.
Design Students Featured at Middle East Domotex
Dubai, UAE, February 27, 2008--Deutsche Messe will collaborate with the American University in Dubai's (AUD) Department of Interior Design to launch the 'Designers Corner' at the Domotex Middle East Exhibition May 25 - 27.
Like Lowe's, Home Depot Earnings Slide Sharply
Atlanta, GA, February 26, 2008--Earnings for The Home Depot fell 27 percent in the fourth quarter compared to a year ago, the company reported.
Solutia, Banks Reach Agreement on Financing
St. Louis, MO, February 26, 2008--Solutia Inc. on Monday said it will be able to emerge from Chapter 11 bankruptcy on Feb. 28 after it reached an agreement Monday with lenders on its exit financing package.
Consumer Confidence at Lowest Level in 14 Years
Washington, DC, February 26, 2008--Consumer confidence dropped sharply in February to the lowest level in more than 14 years, according to the Conference Board.
INSTALL Gets Sports Artificial Surface Training
Chicago, IL, February 25, 2008 –Three INSTALL regions converged at the Chicago Regional Carpenters Training Center in Elk Grove Village for installation training in sports and recreation artificial surfaces.
Foreclosures Soar in January Compared to Last Year
Irvine, CA, February 26, 2008--The number of homes facing foreclosure jumped 57 percent in January.