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. 16, 2008--The Federal Reserve slashed the target for a key interest rate to the lowest level on record and pledged to use "all available tools" to combat a severe financial crisis and prolonged recession.
Chicago, IL, Dec. 17, 2008--Chicago-based Trans Ceramica has named Eugenio Megna to manage its Chicago sales team.
Carthage, MO, Dec. 17, 2008--Leggett & Platt Inc. again lowered its year outlook Tuesday, reflecting "extremely low market demand."
Washington, DC, Dec. 16, 2008--New housing starts and permits plunged to record lows in November, the Commerce Department reported on Tuesday.
Washington, DC, Dec. 15, 2008--Home builder confidence remained at record lows in December as deepening economic turmoil, a deteriorating job market, and an ongoing flow of foreclosed homes onto the market continued slow sales.
Waynesboro, VA, Dec. 16, 2008--Although all 632 Invista workers at the company’s Waynesboro plant have received notice that they could be laid off Feb. 8, the company will still retain more than 500 employees and contractors.
Washington, Dc, Dec. 16, 2008--Loan giant Fannie Mae said Sunday that it would sign new leases with renters living in foreclosed properties owned by the company so they can avoid eviction.
Washington, DC, Dec. 16, 2008--U.S. consumer prices posted a second-straight record decline last month, as falling energy prices and the contracting economy are easing inflation.
Media, PA, Dec. 16, 2008--Foamex International Inc. has named Harold J. Earley executive vice president and chief financial officer.
London, England, Dec. 16, 2008--Carpetright shares fell as much as 21 percent after Britain's biggest floor covering retailer says its full-year profit will be below expectations.