Delinquency Rate Up on Riskiest Loans
New York, NY, November 10, 2006--Residential loans to the riskiest borrowers are sinking into delinquency 50 percent faster in 2006 than last year, according to UBS Securities.
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.
AmericasMart Boasts World’s Largest Permanent Area
Atlanta, GA, November 10, 2006--As the preferred destination for area rug and home furnishings retailers worldwide and home to hundreds of the industry’s most respected and innovative area rug exhibitors, AmericasMart Atlanta serves as center stage for ar
Home Depot’s 3Q Earnings Up 20%, Tops Expectations
Atlanta, GA, November 16-- Home Depot reported record third quarter fiscal 2004 net earnings of $1.3 billion, or $0.60 per diluted share, up 20 percent compared to $0.50 per diluted share for the third quarter fiscal 2003.
U of Michigan Sentiment Index Up in November
Ann Arbor, MI, November 12--The University of Michigan's preliminary consumer sentiment index rose to 95.5 from 91.7 in October. The increase was the first since July, and followed a four-point jump in the university's October index.
Invista Donates Climate Change Credits
Atlanta, GA, November 11-- Invista will retire 10,704,000 pounds of climate change credits to offset emissions caused by energy use.
Interface Joins Chicago Climate Exchange
Atlanta, GA, November 10--Interface, Inc. announced that it has become a member of the Chicago Climate Exchange (CCX), a voluntary, multi-sector market for reducing and trading greenhouse gas (GHG) emissions.
Minuteman Merges With Hako-Werke
Addison IL, November 9-- Floor-care equipment and chemical manufacturer Minuteman International announced that it will merge with Hako-Werke International Inc.
Rhodes Furniture Files Chapter 11
Atlanta, GA, November 5—Rhodes Furniture said it has filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code. The company said it has identified 26 store locations and five related support operations that will be closed.
Costco’s Same Store Sales Up 11% in October
Issaquah, WA, WA, November 4--Costco Wholesale reported a 7 percent increase in October sales at U.S. stores open at least a year, in line with analysts' expectations.
ISM Non-Manufacturing Index Up in October
Tempe, AZ, November 3--Business activity in the non-manufacturing sector increased in October 2004, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business.