Mortgage Application Volume Off
Washington, DC, August 2, 2006--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 28.
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.
Saks to Sell Parisian Chain to Belk
Birmingham, AL, August 2, 2006--Saks Inc. continued to shrink Wednesday when it said it would sell its 38-store Parisian chain to Belk Inc. for $285 million cash.
Jobless Claims Off Last Week
Washington, DC, July 27, 2006-- Weekly jobless claims fell by 7,000 to 298,000 in the latest week, coming in below economists' expectations, the Labor Department said Thursday.
Feltex Running Out of Time
Wellington, New Zealand, July 27, 2006--Feltex Carpets shares collapsed to a new low yesterday after the company said it could not be sure of finding a new investor and, if it did, any restructuring deal would see the shares lose significant value.
Business Roundtable Supports SEC Rule Executive Pa
Washington, DC, July 27, 2006--Steve Odland, chairman & CEO of Office Depot, Inc., and chairman of Business Roundtable’s Corporate Governance Task Force, made the following statement today on behalf of Roundtable CEOs.
Louisiana-Pacific 2Q Earnings Off
Nashville, TN, July 27, 2006--Building products maker Louisiana-Pacific Corp., said its second-quarter profit fell, because of lower pricing for key building materials.
California Brothers Prosper in the Rug Business
Modesto, CA, July 25, 2006--Jay and Jack Mitri didn't know anything about rugs when they started selling them at flea markets 18 years ago. Now they own two stores and are considered rug experts.
U.S. Buys 22% of Iranian Carpet Exports
Tehran, Iran, July 19, 2006--The U.S. was among Iran's major importers of Persian carpet in the first quarter of the current Iranian fiscal year of 1385 (started on March 21).
UK’s United Carpets Earnings Off
London, England, July 19, 2006--United Carpets Group plc, a chain of specialist retail carpet and floor cover stores in the UK, reported a drop in pretax profit for the year to end-March after reducing its opening program.
Chain Store Sales Off Last Week
New York, NY, July 18, 2006--Chain store retail sales fell 0.6 percent in the latest week as warmer-than-normal weather and high gasoline prices kept shoppers at home, a retail report said on Tuesday.