Mortgage Application Volume Down
Washington, DC, April 26, 2006--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 21.
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.
Polished Concrete Becoming Popular
Yucaipa, CA, April 26, 2006--Imagine a smooth, high-luster floor that is durable enough in a warehouse for foot traffic to heavy forklifts and yet shiny, clean, and professional enough for office buildings, hotels, and restaurants.
Propex Closing Seneca SC Plant
Seneca, SC, April 26, 2000--Propex announced the closure of its plant in Seneca, along with plans to relocate some of the jobs and equipment to its Ringgold, Ga., facility near Chattanooga, Tenn.
Supreme Court Hears Mohawk/RICO Case
Washington, DC, April 27, 2006--Listening yesterday to early arguments in a case that could profoundly affect illegal immigration as well as corporate legal accountability, the U.S. Supreme Court began weighing the Mohawk Industries case.
Wellman Reports 4Q Loss
Fort Mill, SC, April 26, 2006--Wellman Inc., a maker of polyester fiber and products, said on Tuesday it incurred a quarterly loss amid a surge in resin and polyester imports.
Pergo’s Q1 Earnings Up
Trelleborg, Sweden, April 26, 2006--Pergo in the first quarter of 2006 reported net sales that increased by 8% to SEK 768 million (US$102.5m), verses SEK 713 million (US$94.9m).
Weyerhaeuser Posts 1Q Loss
Federal Way, WA, April 26, 2006--Weyerhaeuser Co., posted a first-quarter loss versus a year-earlier profit after a charge related to the fine paper business.
Campbell Elected FCICA Chair
Keith Cambell, chairman of Mannington Mills, is the newly elected chairman of the Floor Coverng Industry Foundation (FCIF). He had been its secretary-treasurer.
Louisiana-Pacific 1Q Earnings Off, Beat Estimates
Nashville, TN, April 26, 2006--Louisiana-Pacific Corp., net earnings for the first quarter that were off 18 percent to $83.7 million, or $0.79 per share, from $101.7 million, or $0.91 per share, posted a year earlier.
Durable Goods Orders Up 6.1%
Washington, DC, April 26, 2006--Orders for durable goods increased 6.1% in March, led by strong demand for airplanes, machinery and electronics, according to a Commerce Department report.