Fannie Mae Asks for More Taxpayer Help
Washington, DC, May 10, 2010--Taxpayers may have to bail out mortgage finance company Fannie Mae again as the firm has asked for more money after reporting a first-quarter loss of more than $13 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.
Pfleiderer Posts Loss on Lower Margins
Neumarkt, Germany, May 7, 2010--Pfleiderer AG, parent company of Pergo, said it generated first-quarter revenue of 355.6 million euros, which is close to the 358.0 million euros of the prior-year period.
Economy Adds 290,000 Jobs in April
Washington, DC, May 7, 2010--The U.S. economy added 290,000 jobs in April, which was much better than economists expected.
Beaulieu Canada Closing Bath and Floor Plant
Action Vale, Quebec, Canada, May 7, 2010--Beaulieu Canada said it will cease its production at its bath and floor plant in Acton Vale effective as of July 10.
Retail Sales Increase at Slower Pace in April
New York, NY, May 7, 2010--The nation's retail recovery continued at a slower pace in April, according to Thomson Reuters' tally of 28 retailers.
Analyst Sees Competitive Advantages for Interface
New York, NY, May 7, 2010--Flooring industry analyst Stifel-Nicolaus said that environmental and other trends are lining up to benefit Atlanta-based Interface Inc., the largest carpet tile maker in the world.
India's Carpet Exports Fell Last Year
New Delhi, India, May 7, 2010--India's carpet export declined by about 12% to $525 million in 2009-10 compared to the previous fiscal year, mainly due to less demand from its major markets like the U.S. and Europe.
Tile Council Seeing Success With Green Effort
Anderson, SC, May 7, 2010--The Tile Council of North America says that its Green Initiative endeavors are coming to fruition.
Anderson Leaving Surfaces for Shaw Regional Events
Dalton, GA, May 6, 201--Shaw Industries, parent company of Anderson Hardwood, said that Anderson will be joining the Shaw regional winter market events in lieu of displaying new products at Surfaces.
Invista Gives Antron Design Award to Baskett
Kennesaw, GA, May 6, 2010--Invista presented the Antron Carpet Fiber Designed to Perform Award grand prize to Butler Rogers Baskett for its design of Major League Baseball’s headquarters.