China Flooring Holding Gets Equity Financing
Beijing, China, June 10, 2008--China Flooring Holding Co. received $100 million in funding from Morgan Stanley and the International Finance Corp and has set its sights on going public in Hong Kong.
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 Conference Board Index Shows Job Softening
Washington, DC, June 10, 2008--The Conference Board's new Employment Trends Index (ETI) fell in May, continuing a decline that began in July 2007.
Moody's Downgrades Homebuilders on Prospects
New York, NY, June 10, 2008--Homebuilders were downgraded by ratings agency Moody's on Monday.
More Flooring Manufacturers Using ecoScorecard
Atlanta, GA, June 10, 2008--Armstrong, J&J Carpets Invision and Mohawk Karastan, Bigelow and Lees are among several manufacturers of carpet and flooring that have integrated ecoScorecard into their online product catalogs.
Armstrong Names New VP of Business Development
Lancaster, PA, June 10, 2008--Armstrong has named John F. Breuninger vice president - Business Development.
Laticrete Names Owens National Accounts Manager
Bethany, CT, June 10, 2008--Laticrete has appointed James “Jay” Owens national accounts manager, Daltile.
Unemployment Rate Surges to 5.5 Percent
Washington, DC, June 6, 2008--Unemployment jumped to 5.5 percent in May, the biggest monthly rise in 22 years, as employers cut 49,000 jobs.
Shoppers Keep on Spending, Discounters Benefit
Washington, DC, June 6, 2008--Shoppers spent more than anticipated at discount and wholesale stores in May and boosted U.S. retail sales, due perhaps in part to federal stimulus checks.
CEO: Home Depot Won't Quit Installation Business
Atlanta, GA, June 5, 2008--Home Depot's CEO doesn't expect the company's home installation business to grow, but he said there are no plans to leave the struggling business.
Oil Prices Spike After Analyst Predicts $150
Washington, DC, June 6, 2008--Oil prices have been on a rollercoaster over the last few days.