Carpet One Names Muddiest Buddy Winner
Manchester, NH, March 14, 2007--Carpet One Floor & Home named the winner of their Muddiest Buddy contest and the new Lees spokes-pet at their winter convention in Dallas.
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.
Kabus Elected to Tricycle Board
Chattanooga, TN, March 14, 2007--Tricycle today announced that Al Kabus has joined its Board of Directors. Kabus was elected at the company's February board meeting.
Niblock: Mortgage Problems Could Affect Markets
Atlanta, GA, March 14, 2007--Lowe’s chairman Robert Niblock warned problems in the subprime mortgage sector may hurt its business in some areas.
Brazil's Tile Industry Gets its Fashion Week
São Paulo, Brazil, March 14, 2007--According to Brazzil Magazine, the Brazilian ceramic tile industry exported last year a total of US$ 429.7 million to 129 countries, an increase of 14.3% over 2005.
Pfleiderer Reaches Nearly 99% of Pergo Shares
Munich, Germany, March 14, 2007--By the end of the extended acceptance period and including shares acquired in the open market, Pfleiderer Sweden's said its holding in Pergo have reached approximately 99 per cent of the shares and votes in Pergo.
Columnist Criticizes Home Depot Service
New York, March 14, 2007--A syndicated business column on MSN.com's finance site criticizing Home Depot’s customer service hit such a nerve with readers it prompted the largest number of reader responses in the site's history.
NAR: Housing Recovery Likely This Year
Washington, DC, March 13, 2007--Unusual weather patterns and problems in the subprime lending marketplace are creating challenges in assessing housing market conditions, according to the National Association of Realtors.
New Foreclosures Set Record
Washington, DC, March 13, 2007--Many more homeowners were unable to keep up with their mortgage payments in the fourth quarter, the Mortgage Bankers Association said Tuesday, with the rate of homes entering the foreclosure process hitting a record 0.54%.
Inventories Increase in January
Washington, DC, March 13, 2007--Business inventories grew again in January after a one-month drawdown in December, the Commerce Department reported Tuesday.
NRF Distributors Announce Layoffs
Augusta, MA, March 13, 2007--NRF Distributors, a major distributor of flooring in New England, laid off 42 people Monday, citing sales declines from a softening real estate market.