China Expects Substantial Growth in 2008
Beijing, China, December 21, 2007--China's economic growth is expected to slow slightly next year to 10.9 percent.
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.
New Solutia Stock Begins Limited Trading
St. Louis, MO, December 20, 2007-- New Solutia Inc. common stock issued pursuant to its bankruptcy reorganization is listed on the New York Stock Exchange.
Jobless Claims Rise More Than Expected
Washington, DC, December 20, 2007--The Labor Department said Thursday that new applications filed for jobless benefits rose by a seasonally adjusted 12,000 to 346,000.
Faus Has Partnership with American Home Surfaces
Calhoun, GA, December 20, 2007–Laminate floor maker Faus Group Inc. has signed a partnership agreement with American Home Surfaces Group, effective Jan. 1.
Analyst Puts 'Buy' Rating on Lumber Liquidators
New York, NY, December 20, 2007--Analyst Piper Jaffray initiated coverage on Lumber Liquidators with a "buy rating and a $15 price target.
Tandus Showroom Gets LEED Certification
Dalton, GA, December 20, 2007--Tandus' new Atlanta Showroom has been awarded LEED Silver certification by the U.S. Green Building Council (USGBC).
StarNet Gets New Member in Pennsylvania
Darien, CT, December 19, 2007 --Giant Floor and Wall Covering Co. headquartered in Wilkes-Barre, Pennsylvania, is the newest member of StarNet commercial flooring partnership.
Hovnanian Sees Losses Accelerate
Newark, NJ, December 19, 2007--Home builder Hovnanian Enterprises saw its fiscal fourth-quarter loss nearly quadruple.
Foreclosures Up Year over Year, Decline vs October
Irvine, CA, December 19, 2007--The number of foreclosure filings surged 68 percent nationwide compared with the same month a year ago, according RealtyTrac.
Mortgage Applications Continue Decline
Washington, D.C., December 19, 2007--Mortgage applications tumbled 19.5 percent from the previous week.