Interface Shares Tumble Despite Record Quarter
New York, NY, April 25, 2008—Despite a record first quarter, shares of Interface Inc. fell Thursday after the Atlanta firm posted first-quarter earnings below Wall Street expectations.
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.
Classen, Välinge, End Patent Legal Dispute
Viken, Sweden, April 25, 2008--Classen and Välinge have reached an agreement which puts an end to their legal disputes related to fold down patent rights and allows easier access to the respective Megaloc and 5G technologies for future licenses.
Professor's Work Leads to Major Carpet Purchase
Madison, WI, April 25, 2008--A textiles professor at the University of Wisconsin helped the Los Angeles Community College District insist on buying environmentally friendly carpeting for an $83 million contract.
Scandian Moves Corporate Office to Houston
Houston, TX, April 25, 2008--Scandian Wood Floors has completed its corporate office move to Houston.
Clarion Laminates Plant Open for Business
Clarion, PA, April 25, 2008— Public officials and company representatives toured the new Clarion Laminates manufacturing plant Thursday.
Antron Presents Various Awards
San Francisco, CA, April 25, 2008 – The 23rd Antron Carpet Fiber Design Award grand prize was presented to Cohos Evamy integratedesign.
3M Net Income Falls in Quarter
St. Paul, MN, April 25, 2008--3M Co. reported a 28 percent drop in first-quarter net income.
New Homes Sales Slowest in Over 16 Years
Washington, DC, April 24, 2008--Sales of new homes fell in March to the lowest level in more than 16 years as the housing industry slumped further at the start of the spring sales season.
Interface Has Record First Quarter
Atlanta, GA, April 24, 2008--Interface Inc. reported net income for the first quarter of $14.1 million or $0.23 per share.
Initial Jobless Claims Fall Unexpectedly
Washington, DC, April 24, 2008-- Initial jobless claims fell unexpectedly last week by 33,000, according to the Labor Department, though the number of workers remaining on jobless benefits continued at a high level.