Ryland Swings To Loss in Fourth Quarter
Calabasas, CA, January 23, 2008--Ryland Group Inc. posted a sizeable loss for the fourth quarter as fewer people bought homes.
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.
Solutia Emergence From Bankruptcy Delayed
St. Louis, MO, January 23, 2008--Solutia Inc. is delaying its emergence from bankruptcy due to deteriorating conditions in the credit market.
Refinancing Continues To Surge as Rates Fall
Washington, DC, January 23, 2008--The volume of mortgage applications last week rose 8.3% compared to the previous week.
Interest Rate Cut Sinks Dollar Against Euro
Berlin, Germany, January 23, 2008 -- The dollar fell against the euro Wednesday in the wake of the Fed's unusually large interest rate cut on Tuesday.
'Carpet of Peace' To Be International Project
Newberg, Germany, January 23, 2008--A "carpet of peace" will be weaved with the help of 30,000 people from all over the world.
Architect Magazine Gives Zeftron a Choice Award
Dalton, GA, January 23, 2008 — Architect magazine has named Zeftron nylon as a winner in its 6th Annual Architect's Choice for Excellence (ACE) Awards in the carpet fibers category.
Analyst Upgrades Home Depot, Lowe's
New York, NY, January 22, 2008-- An analyst upgraded shares of six retailers including home improvement retailers Home Depot and Lowe’s on Tuesday.
DuPont Earnings Top Expectations on Overseas Sales
Wilmington, DE, January 22, 2008-- DuPont said Tuesday that earnings fell 37 percent in the fourth quarter from a year earlier, although overseas business is booming.
UK Carpet Tile Manufacturer Sold to Bonar Floors
Barnsley, England, January 22, 2008--Carpet tile manufacturer Westbond has been sold to Dundee-based Bonar Floors for £10.9 million.
Rug Decor Plans To Team With Furniture Retailers
St. Louis, MO, January 22, 2008--Rug Décor, the only nationwide specialty rug retail franchise, plans to integrate furniture retail locations and operators into its 2008 expansion strategy.