Iranian Carpet Exports Up in Quarter
Tehran, Iran, Aug. 7, 2008--Iran's handwoven carpet exports increased by five percent during March 20-June 20 period compared to last year, according to the Joint Stock Carpet Co.
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.
Milliken Pursues Acquisition of Thomas Industries
Dalton, GA, Aug. 5, 2008--TI Acquisition LLC, a manufacturer of carpeting and textiles operating as Thomas Industries LLC, among other names, has sought bankruptcy protection from creditors and wants to sell its assets to Milliken & Co.
Lumber Liquidators Expansion Helps Double Earnings
Toano, VA, Aug. 6, 2008--Lumber Liquidators, Inc. reported that net income more than doubled in the second quarter.
Fed Holds Interest Rates Steady Despite Inflation
Washington, DC, Aug. 5, 2008--The Federal Reserve decided Tuesday not to raise a key interest rate, indicating its deeper concern about a weak economy than rising inflation.
Armstrong Names New Marketing Head
Lancaster, PA, Aug. 6, 2008--Armstrong World Industries recently promoted Kent Clauson to general manager of marketing for both the commercial and residential businesses.
RadiciGroup Develops New Fibers Website
Gandino, Bergamo, Italy, Aug. 7, 2008 - RadiciGroup has a new website about its RadiciGroup Fibres business, radicigroup.com/fibres.
Pfleiderer's Move To North Carolina Will Cut Costs
Moncure, NC, Aug. 6, 2008--The relocation of Pfleiderer's Uniboard HDF production from La Baie in Canada to Moncure will streamline laminate production and cut costs.
Pulte Matching Tax Credit for First Time Buyers
Bloomfield Hills, MI, Aug. 6, 2008--Pulte Homes Inc. says it will match a new $7,500 tax credit for first-time home buyers with its own $7,500 discount on homes.
Indian Rugs Trade Group Begins Marketing Campaign
New York, NY, Aug. 5, 2008--The Carpet Export Promotion Council of India (CEPC) has launched a full scale marketing campaign in the U.S. to help create awareness and appreciation of the value and quality of rugs from India.
Mortgage Applications Up But Way Short of 2007
Washington, DC, Aug. 6, 2008--The volume of mortgage applications filed last week rose 2.8 percent from the previous week, the Mortgage Bankers Association reported on Wednesday.