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.
Washington, DC, Dec. 31, 2008--Initial jobless claims fell 94,000 last week, government data on Wednesday showed, but seasonal factors were likely behind this unexpectedly large decline with the labor market remaining very soft.
New York, NY, Dec. 30, 2008--Home prices dropped by the sharpest annual rate on record in October, according to the Standard & Poor's/Case-Shiller 20-city housing index released Tuesday.
New York, NY, Dec. 30, 2008--Consumer confidence fell to an all-time low in December amid a dismal job market and uncertain outlook for the new year, according to the Conference Board.
Belfast, Ireland, Dec. 31, 2008--Retailer Tile Market has reportedly laid off all of its workers after being placed in voluntary liquidation.
Washington, DC, Dec.30, 2008--The Treasury Department said Monday that it will provide $5 billion to GMAC Financial Services LLC, the ailing financing arm of General Motors Corp., from the $700 billion bank rescue program.
Chicago, IL, Dec. 31, 2008--The North American Association of Floor Covering Distributors (NAFCD) has joined Fix Housing First Coalition, an advocacy group pushing for Congressional aid to the housing market.
Munich, Germany, Dec. 30, 2008--Analysts at EURO am Sonntag recommend buying the shares of Pfleiderer as a long term investment.
Cleveland, OH, Dec. 30, 2008--World demand for flooring is projected to climb 4 percent annually through 2012 to 15.2 billion square meters, valued at $178 billion, according to a new report.
New York, NY, Dec. 30, 2008--Twenty of the largest listed companies in the world are sitting on a combined cash pile of $570 billion, demonstrating how some of the world’s biggest groups retain substantial firepower in the current downturn.
Kuwait City, Kuwait, Dec. 29, 2008--Kuwait canceled a $17.4 billion joint venture with Dow Chemical after criticism from lawmakers that could have led to a political crisis in this small oil-rich state.