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, March 5, 2007--The Fed, seeking to limit defaults that have roiled the subprime mortgage--lending market, has told banks to scrutinize their underwriting standards and be more transparent with customers about borrowing risks.
Shanghai, China, March 5, 2007--Shanghai Baosteel Business Development Co., Ltd. (BBDC), a wholly-owned subsidiary of China's largest steelmaker Baosteel Group, is putting its flooring business up for sale at the price of CNY 15 million.
Montreal, Quebec, March 5, 2007--Malette Industries said that Malette International, a wholly-owned subsidiary, filed a notice of intention to file a proposal to its creditors under the Bankruptcy and Insolvency Act.
Madison, WI, March 5, 2007--Sergenian's Floor Coverings of Madison used to send about 750,000 pounds of used carpeting per year to landfills.
Tehran, Iran, March 5, 2007--The U.S. and Germany accounted for 50 percent of Iran's hand-woven carpets for export between March and November 2006.
Tehran, Iran, March 5, 2007--Pakistan is Iran’s main rival in the production and export of hand-woven carpets, according to an expert in exports.
Washington, DC, March 5, 2007--Condo builders reported somewhat better market conditions in the fourth quarter of 2006 than in the previous quarter.
Dalton, GA, March 2, 2007--Distributors and retailers now have access to Beauflor, a new simplified seamless-installation solution for luxury resilient flooring from Beaulieu International Group.
Ann Arbor, MI, March 2, 2007--Consumer sentiment weakened in late February to its lowest level since September, according to research from the University of Michigan.
New York, NY, March 2, 2007--Capital Business Credit LLC has named Jerry Younts executive vice president and regional manager of their North Carolina office.