Valinge To Unveil New Locking Technology
Viken, Sweden, Aug. 16, 2011 -- Valinge said it has developed new locking technology that "may improve the locking function and decrease the costs."
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.
Oriental Weavers Second Quarter Profit Declines
Cairo, Egypt, Aug. 16, 2011 -- Egypt's Oriental Weavers posted a 4.4% decline in second-quarter net profit, as raw material costs offset strong sales.
Lowe's Net Income Down, Sales Miss Forecast
Mooresville, NC, Aug. 15, 2011 -- Home center Lowe's reported second quarter net income was $830 million, or $0.64 a share, compared with $832 million, or $0.58 a share, a year earlier.
Faus Group Signs Midwest Distributor Welch
Calhoun, GA, Aug. 15, 2011 —- Laminate maker Faus Group has signed distributor E.J. Welch Company, of Earth City, Missouri, to service territories in the Midwest.
Builder Sentiment Unchanged in August
Washington, DC, Aug. 15, 2011 -- Home builder confidence held unchanged at 15 in August, according to the National Association of Home Builders.
Manufacturing Contracts Again in New York Area
New York, NY, Aug. 15, 2011 -- Manufacturing in the New York region contracted for a third straight month in August, according to the Federal Reserve Bank of New York.
Townsend Named VP of Sales at J&J Industries
Dalton, GA, Aug. 15, 2011 -- Brad Townsend has been named corporate vice president of sales for commercial carpet maker J&J Industries.
Buffet Urges Higher Taxes on Billionaires
Omaha, NE, Aug. 15, 2011 -- Warren Buffett said Congress should raise taxes on billionaires to help cut the U.S. budget deficit.
Nourison To Open New York Showroom
Saddle Brook, NJ, Aug. 15, 2011 -- Nourison said it will open a new permanent showroom in New York City in September.
Shaw, HGTV To Give Away Chicago Residence
Dalton, GA, Aug. 15, 2011 -- In less than one week, HGTV and Shaw will open registration online for a chance to win a 1,000-square-foot space designed by HGTV interior designer Vern Yip.