Existing Home Sales Lowest Since November
Washington, DC, June 21, 2011 -- Resales of single-family homes and condos fell 3.8% in May to a seasonally adjusted annual rate of 4.81 million, the National Association of Realtors said.
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.
Pfleiderer Bond Holders Approve Swap for Shares
Neumarkt, Germany, June 21, 2011 -- The holders of a hybrid bond issued by Pfleiderer have approved the proposal submitted by the management that they swap their bonds for the right to acquire shares.
NAFCD Planning Summer Member Survey
Chicago, IL, June 21, 2011 -- The North American Association of Floor Covering Distributors is planning to survey its members this summer to learn about their greatest needs, and to explore ways to help members succeed.
Tarkett Linoleum Cradle to Cradle Certified
Paris, France, June, 21 2011 -- Tarkett said its linoleum products have been Cradle to Cradle Silver certified.
Carpet Exhibition Opens in China
Xining, China, June 21, 2011 -- More than 4,000 business people from 34 countries have gathered in Xining to attend the annual Qinghai International Carpet Exhibition, according to China Daily.
Flowcrete Begins Manufacturing in India
London, England, June 21, 2011 -- Flowcrete, the specialist flooring company, said it has launched its first manufacturing facility in India.
Domotex Middle East Set for September
Dubai, UAE, June 20, 2011 -- International exhibitors will gather to showcase a range of flooring products at the 6th edition of Domotex Middle East Sept. 12-14.
Deloitte Consumer Spending Index Declines in May
New York, NY, June 20, 2011 -- The Deloitte Consumer Spending Index continued to decline in May, weighed down by a sharp rise in unemployment claims last month, the company said.
Oil Prices Continue To Fall
New York, NY, June 20, 2011 -- Oil prices continued their downward trend Monday, falling to below $92 a barrel in Asia as Greece's deepening financial crisis undermined confidence in the euro.
States Increasingly Pursue Internet Sales Taxes
New York, NY, June 20, 2011 -- Cash strapped state governments are targeting Internet retailers as a potential source of funds through increased sales tax collections.