NAFCD Names New Officers, Board Members
Chicago, IL, Nov. 10, 2008--The North American Association of Floor Covering Distributors recently announced its 2009 officers and board.
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.
New Zealand Flooring Brands Snags New Chain
Auckland, New Zealand, Nov. 11, 2008--Entrepreneur Rodney Martin’s Flooring Brands group has hit back after a mass walkout by Carpet Court franchisees last month, forming a partnership with Auckland-based flooring business Hills Flooring.
Shaw Earnings Fall in 3rd Qtr as Margins Squeezed
Omaha, NE, Nov. 10, 2008--Berkshire Hathaway Inc. on Friday reported a 77 percent drop in third-quarter earnings.
Pending Home Sales Decline; NAR Sees Brighter '09
Washington, DC, Nov. 7, 2008--Pending home sales fell 4.6 percent on the heels of a strong gain a month earlier as credit tightened and economic conditions deteriorated, according to the National Association of Realtors.
Beazer Homes Closings Fall 38% in Quarter
Atlanta, GA, Nov. 10, 2008--Beazer Homes said that home closings for the quarter ended Sept. 30, totaled 2,441, a 38.2% decline from a year ago.
Moody's Reviewing Mohawk's Debt Rating
New York, NY, Nov. 10, 2008--Moody's Investors Service has placed Mohawk Industries Inc.'s long-term debt rating on review for possible downgrade, after Mohawk reported third-quarter earnings which fell short of Wall Street expectations.
Unemployment Reaches 14-Year High
Washington, DC, Nov. 7, 2008--The U.S. unemployment rate surged to a 14-year high of 6.5% in October as nearly a quarter million jobs were lost, the Labor Department reported Friday.
Public Construction Could Be Bright Spot in 2009
Trenton, NJ, Nov. 7, 2008--While many forecasts are calling for a slowdown in non-residential construction, New Jersey offers a glimmer of hope.
Foamex Income Falls in Third Quarter
Media, PA, Nov. 7, 2008--Foamex International said income from operations fell to $9.9 million in the third quarter, compared to $12.2 million a year ago.
Omnova's Triantafillopoulos Receives Award
Fairlawn, OH, Nov. 10, 2008--Nick Triantafillopoulos, director of Omnova Solutions’ Akron, Ohio Technology Center, was presented with the 2008 Distinguished Award of Council by the Akron Council of Engineering and Scientific Societies.