Mortgage/Bankruptcy Legislation Stalls in House
Washington, DC, Feb. 27, 2009--Legislation that would let bankruptcy judges reduce the principal and interest rate on mortgages for debt-strapped homeowners stalled Thursday.
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.
Dixie Could Move Fabrica To Alabama, or Sell It
Chattanooga, TN, Feb. 26, 2009--Dixie Group said it could move Dixie's Fabrica International division east from California sometime after June, with the majority of the business headed for Dixie's Atmore, Ala. plant.
Armstrong Swings To Loss in Fourth Quarter
Lancaster, PA, Feb. 26, 2009--Armstrong World Industries reported a loss from continuing operations of $26.2 million, or $0.46 per share, compared to income of $21.0 million, or $0.37 per share, in the fourth quarter of 2007.
Interface Reports Fourth Quarter Loss on Charges
Atlanta, GA, Feb. 25, 2009--Interface, Inc. reported a fourth quarter 2008 net loss of $79.3 million, or $1.29 per share.
Valinge Says Revenues, Income Rise
Viken, Sweden, Feb. 26, 2009--Valinge said its 2008 license income increased 13% in 2008 over the previous year. Operating income before taxes was $25.8 million, an increase of 4%.
Floormall To Sell BuildDirect Items To Consumers
Virginia Beach, VA, Feb. 26, 2009--Floormall.com said it is offering BuildDirect.com flooring products to customers in the residential and commercial markets.
Aacer Flooring Names New Vice President
Peshtigo, WI, Feb. 27, 2009--Aacer Flooring has named Kevin Barker to vice president of sales and marketing-sports.
Forbo Raising Linoleum Flooring Prices April 1
Hazleton, PA, Feb. 25, 2009—Forbo Flooring Systems North America will implement a price increase April 1.
New Home Sales Decline in January
Washington, DC, Feb. 26, 2009--Sales of new homes fell 10.2% in January to a record seasonally adjusted annual rate of 309,000, the Commerce Department estimated Thursday.
Initial Jobless Claims Rise Unexpectedly
Washington, DC, Feb. 26, 2009--Initial jobless claims rose unexpectedly last week and total benefit rolls soared to a record high.