Mortgage Applications Fall in Last Week
Washington, DC, March 12, 2008--Mortgage applications fell last week 3.4 percent from the same week last year, according to the Mortgage Bankers Association.
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.
Wear Dated, Mohawk Have Reward Point Incentive
Kennesaw, GA, March 13, 2008--From March 17 through May 16, carpet retail salespeople can earn twice the rewards points if they sell a Mohawk residential style carpet made with Wear-Dated carpet fiber during that time.
Shaw Investing $60 Million in SC Operation
Lexington, SC, March 12, 2008—Shaw Industries plans to invest about $60 million over five years to expand its Lexington operation.
Solutia Expanding Windshield Plastics Plant
Springfield, MO, March 13, 2008- - Solutia Inc. is planning to invest $50 million to $75 million at its Indian Orchard plant over the next five to 10 years.
Crude Oil Prices Crack $110 as Dollar Falls
Washington, DC, March 12, 2008--Oil prices fell back from an overnight record near $110 a barrel, as the U.S. dollar continued to fall.
Bentley Prince Street Invests in Backing Method
City of Industry, CA, March 11, 2008 – Bentley Prince Street has launched a new carpet tile backing line using next generation thermoplastic technology.
Lumber Liquidators 4th-Quarter Earnings Rise
New York, NY, March 12, 2008--Hardwood flooring retailer Lumber Liquidators said its fourth-quarter earnings increased 88 percent due to sales at new stores, fewer promotions and higher margin products sold.
AMEX To Delist Congoleum on March 24
New York, NY, March 12, 2008--The American Stock Exchange said it will delist the Class A common stock of Congoleum Corporation effective March 24, unless it is postponed by the Securities and Exchange Commission.
Trade Gap Expands on Higher Oil Prices
Washington, DC, March 12, 2008-- The U.S. trade deficit expanded in January as imports rose to all-time highs.
Economic Forecast Sees No Recession This Year
Los Angeles, CA, March 11, 2008-- The U.S. economy will suffer as the slumping housing market slows job creation and consumer spending, but the nation should avoid a recession this year, according to the UCLA Anderson Forecast.