Trade Deficit Widens in June
Washington, DC, Aug. 11. 2011 -- The U.S. trade deficit increased to $53.1 billion in June from $50.8 billion . It is the widest deficit since 2008, and analysts were looking for a decrease to $48 billion.
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.
Gerflor Introduces Fiber Technology
Chicago, IL, Aug. 11, 2011 -- Resilient flooring firm Gerflor said it is introducing what it calls "fiber technology" to the market.
China Ceramics Revenues Soar in Second Quarter
Jinjiang, China, Aug. 10, 2011 -- China Ceramics reported second quarter revenue of $57.3 million, up 36.7% from the second quarter of 2010.
Fed To Hold Interest Rates Low Until Mid 2013
Washington, DC, Aug. 10, 2011 -- The Federal Reserve said it will hold interest rates near zero until the middle of 2013.
Former Florida Tile Executive Cuthbertson Dies
Heber City, UT, Aug. 10, 2011 -- Former Florida Tile executive Jim Cuthbertson died Saturday, Aug. 6 after a short battle with bone cancer.
Mortgage Applications Rise Over 21%
Washington, DC, Aug. 10, 2011 -- Home mortgage applications rose last week as interest rates hit their lowest level this year, according to the Mortgage Bankers Association.
Omnova Solutions Raising Latex Prices
Fairlawn, OH, Aug. 10, 2011 -- Omnova Solutions said it will increase prices $0.07 per dry pound on styrene butadiene (SB) latex for carpet and related markets, effective Sept. 6.
Michigan Couple Back in Flooring Business
Traverse City, MI, Aug. 10, 2011 -- The former owners of Floor Covering Brokers in Traverse City, recently have opened Cash n Carry Flooring here.
Interface Founder Ray Anderson Dies
Atlanta, GA, Aug. 8, 2011 -- Ray Anderson, founder and chairman of carpet firm Interface Inc., died Monday surrounded by his family.
Nora Systems Moves Headquarters
Salem, NH, Aug. 9, 2011 -- Rubber flooring manufacturer Nora systems has relocated its North American headquarters to a new facility in Salem, N.H.