Initial Jobless Claims Fall to Late January Level
Washington, DC, March 6, 2008-- Initial jobless claims fell to their lowest level since the second half of January.
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.
Ulster Carpets Installs New Patented Technology
Portadown, Ireland, March 6, 2008--Ulster Carpets has completed a $29 million investment in new technology at its Portadown factory, which will enable it to beat cheap competition from the Far East, the company said.
Portuguese Panel Maker Says Profits Soar
Maia, Portugal, March 6, 2008--Wood panel maker Sonae Industria SGPS said net profit rose 143 percent to $121 million last year.
Pergo Suing Unilin for Violation of 13 Patents
Trelleborg, Germany, March 5, 2008--Pergo (Europe) AB and Pergo LLC are suing Unilin for patent infringement.
Private Employment Falls 23,000 in February
Roseland, NJ, March 5, 2008--Nonfarm private employment declined by 23,000 in February, the first drop since June 2003, according to the ADP National Employment Report.
Builder, Developer Loans Face Pressure, FDIC Says
Washington, DC, March 5, 2008--The number of loans to homebuilders and other developers that are past due has reached the highest level since the early 1990s.
Carpet Store Sues Over Video Review of Job
Salt Lake City, UT, March 6, 2008--A Salt Lake City carpet business is upset over a disgruntled customer's online review on You Tube.
Most Carpet Cleaning Products No Better Than Water
Dalton, GA, March 5, 2008--The top issue raised by customers who don’t buy carpet is that it is hard to clean, says Werner Braun, president of the Carpet and Rug Institute trade group.
Demand for Manufactured Goods Drops Sharply
Washington, DC, March 5, 2008—New orders for manufactured goods fell 2.5 percent in January compared to December.
Mortgage Refinancing Picks Up Week of Feb. 29
Washington, DC, March 5, 2008 — Mortgage applications increased 3 percent for the week ending Feb. 29, mostly on the strength of refinancing activity, according to the weekly survey by the Mortgage Bankers Association.