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.
Today's Flooring News
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Oil Prices Continue Relentless Slide
New York, NY, Aug. 9, 2011 -- Oil prices fell to their lowest in nearly a year before rallying to above $80 a barrel Tuesday in Asia.
Beazer Homes Loss More Than Doubles
Atlanta, GA, Aug. 9, 2011 -- Beazer Homes reported a net loss of $59.1 million for the third quarter compared to a net loss of $27.8 million in the same period last year.
Small Business Optimism Falls in July
Washington, DC, Aug. 9, 2011 -- For the fifth consecutive month, the National Federation of Independent Business's Small-Business Optimism Index fell, dropping 0.9 points in July.
Lumber Liquidators Stock Downgraded to 'Hold'
New York, NY, Aug. 9, 2011 -- Lumber Liquidators stock has been downgraded by TheStreet Ratings from buy to hold.
Second Quarter Business Productivity Declines
Washington, DC, Aug. 9, 2011 -- Business productivity declined in the second quarter, the Labor Department said Tuesday, and first-quarter figures were revised lower.
Private Equity Firm To Take Control of Brintons
Kidderminster, England, Aug. 8, 2011 -- Private equity firm Carlyle Group has agreed to take control of Brintons Carpets for $62.3 million, according to the Sunday Times.
Mohawk Stock Upgraded; Stifel Lowers Estimates
New York, NY, Aug. 8, 2011 -- Analysts at Credit Suisse on Friday upgraded shares of Mohawk Industries from an "underperform" rating to a "neutral" rating.
Cersaie 2012 Focusing on Sustainability
Bologna, Italy, Aug. 8, 2011 -- Cersaie 2012 will begin the “Cersaie for Sustainability” project to reduce its carbon footprint.
Fannie Mae Need More Funds from Taxpayers
Washington, DC, Aug. 8, 2011 -- Fannie Mae said it needs an additional $5.1 billion from the government due to continued losses on loans made before to 2009.