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.
Washington, DC, May 7, 2008--The Pending Home Sales Index edged down 1.0 percent to 83.0 from 83.8 in February, and was 20.1 percent lower than the March 2007 index, according to the National Association of Realtors.
Washington, DC, May 8, 2008--The number of people filing for the first time for unemployment benefits fell by 18,000 to 365,000 on a seasonally adjusted basis in the week ended May 3, the Labor Department said.
Washington, DC, May 8, 2008--According to the U.S. Institute for Supply Management's (ISM) Spring 2008 Semi-Annual Economic Forecast, the manufacturing sector is expected to grow marginally and the non-manufacturing sector will have sustainable growth.
Winterthur, Switzerland, May 8, 2008--Forbo Holding AG has informed Rieter Holding Ltd that it currently holds 223,000 registered shares in Rieter or about 5.01 percent of outstanding shares.
New York, NY, May 8, 2008--Invista has sued DuPont Co. to force the chemical company to provide three staffers it needs to defend itself in a patent dispute.
Washington, DC, May 8, 2008--Stressed consumers are turning to increasingly turning to their credit cards.
Washington, DC, May 7, 2008--Mortgage applications filed last week rose 15.6 percent compared with the previous week due to increased refinancing activity, according to the Mortgage Bankers Association.
Mercerville, NJ, May 7, 2008 -- Congoleum Corporation swung to a profit in the first quarter compared to a year ago with net income of $1.7 million or $.20 per share. However, sales declined by 3.3 percent.
Washington, DC, May 7, 2008--The House is scheduled to vote today on a broad housing rescue package aimed at preventing foreclosures by having the government step in to insure up to $300 billion in new mortgages for struggling homeowners.
New York, NY, May 6, 2008--Federal Reserve Chairman Ben Bernanke warned Monday that the growing number of late mortgage payments and home foreclosures are dangerous for the national economy.