Foreclosure Filings Increase at Slower Pace
Irvine, CA, Sept. 12, 2008--August foreclosure filings increased 27 percent compared to the same month a year ago, a much slower pace than in previous months, according to RealtyTrac Inc.
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.
Capel Adds Two New Rug Galleries
Troy, NC, Sept. 12, 2008--Rug manufacturer and importer Capel Rugs has opened two new rug galleries that expand the company’s presence in the South and Midwest.
Zebra Rugs at Penney Being Recalled
Washington, DC, Sept. 12, 2008--About 2,000 JLA Home zebra rugs sold at JC Penney stores are being recalled because they do not meet the federal flammability standard for small rugs and do not have the required flammability warning label.
RugMark Preparing Photo Exhibit on Child Labor
New York, NY, Sept. 12, 2008--International social justice nonprofit RugMark USA and its industry partners are preparing to launch the Faces of Freedom photo exhibition.
Four Democrats Want Foreclosure Freeze
Washington, DC, Sept. 12, 2008--Four Democratic senators urged the mortgage companies Fannie Mae and Freddie Mac on Thursday to temporarily freeze foreclosures on loans they hold.
Applied Coatings Gets Capco as Distributor
Rochester, NY, Sept. 12, 2008--The Applied Coatings Group has entered into a new distribution partnership with CapcoTile and Stone in Colorado and Nevada.
Bentley Prince Street Named a Best Place to Work
City of Inustry, CA, Sept. 10, 2008--For the second year in a row, California carpet manufacturer Bentley Prince Street has been named one of the Best Places to Work in Los Angeles in 2008 by the Los Angeles Business Journal.
Bridgewater Buys Groom Industries
Salt Lake City, UT, Sept. 11, 2008-Bridgewater Inc. has acquired Groom Industries, a manufacturer of carpet and upholstery grooming tools.
Imports, Exports Set Records as Deficit Swells
Washington, DC, Sept. 11, 2008--The U.S. trade deficit rose in July to the highest level in 16 months as oil imports hit an all-time high, offsetting strong export growth. The deficit with China climbed to the second highest level on record.
Jobless Claims Higher Than Expected
Washington, DC, Sept. 11, 2008-- Initial jobless claims for unemployment insurance were higher than expected last week, while total benefit rolls rose to the highest level in almost five years, according to the Labor Department.