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.

Mortgage Applications Drop 9.2%

Washington, October 13—The Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending October 8 was 658.2, a decrease of 9.2 percent on a seasonally adjusted basis from 724.8 one week earlier.

BP Fabrics and Fibers to be Acquired by Investor G

Austell, GA, October 6--AFFC Holdings, Inc., a newly formed company sponsored by an investor group comprised of The Sterling Group, Genstar Capital, and Laminar Direct Capital, said it has reached an agreement with a BP company to acquire BP’s Amoco Fabri

Economists: Economy on Firm Footing

Washington, October 4--Economists agree with Fed chief Alan Greenspan that the economy is regaining traction, with steady growth and low inflation in the cards through 2005, according to a quarterly survey of forecasts released Monday by the National Asso

Iranian Carpets Depict Unique Designs

Salalah, Oman, September 30---Visitors at the Crowne Plaza Resort Salalah were in for a surprise at the end of last month when a selection of fine Persian carpets was on show in the hotel.

Q.E.P. to Buy French Flooring and Tool Company

Boca Raton, FL, September 28---Q.E.P. Co. announced that it has entered into an agreement to acquire all of the shares of P.R.C.I. SA, a French manufacturer and distributor of flooring and specialty tools to wholesale and retail markets.

Armstrong Focuses on Moulding Accessories

Lancaster, PA, September 27--Once regarded as merely a functional item, moulding accessories are now making a fashion statement and are starting to share the limelight with the vast array of flooring styles available in today’s market.

Wellman: We Will Not be Indicted for Price Fixing

Shrewsbury, NJ, September 23-- Wellman Inc. said the Department of Justice's antitrust unit notified the company that it won't be seeking an indictment of Wellman or any of its employees on allegations of price fixing in the polyester staple fiber