Aquafil Buys Italian Yarn Manufacturer
Arco di Trento, Italy, February 6, 2008--Aquafil SpA has acquired Borgolon SpA.
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.
Mortgage Applications Rise on Purchase Activity
Washington, DC, February 6, 2008-- Mortgage application volume increased 3 percent during the week ending Feb. 1 as consumers signed more purchase applications, according to the Mortgage Bankers Association.
Universal Granite and Marble Opens New Location
La Vista, NE, February 6, 2008--Universal Granite & Marble (UGM), one of the largest importers and wholesalers of natural stone in the United States, has opened a new 18,000 square foot facility in Omaha.
Broker Upgrades Four Homebuilders
New York, NY, February 5, 2008--Banc of America Securities raised its rating on homebuilders on its belief that lower house prices would increase demand.
All Bentley Prince Street Products Carbon Neutral
City of Industry, CA, February 4, 2008 – Bentley Prince Street said that all its products are now carbon neutral. The company's Cool Carpet program is now standard on all of its broadloom and carpet tile products.
Service Sector Contracts for First Time in Years
New York, NY, February 5, 2008--The nation's service sector contracted in January for the first time since March 2003, according to the Institute for Supply Management.
Chain Store Sales Up Last Week
New York, NY, February 5, 2008--The International Council of Shopping Centers and UBS Securities said chain store sales increase 1.7 percent last week over the previous week.
Furniture Retailer Files for Bankruptcy Protection
Wheeling, IL, February 5, 2008--Wickes Furniture Co. has filed for bankruptcy protection.
Lenders Help Out Home Builder Hovnanian
Red Bank, NJ, February 5, 2008--Home builder Hovnanian Enterprises said in an SEC filing that lenders have temporarily waived certain conditions of its credit facilities.
Beazer Exiting Mortgage Business, Five Markets
Atlanta, GA, February 1, 2008--Home builder Beazer Homes said Friday that it will discontinue its mortgage origination business and had signed an agreement with Countrywide Financial Corp. It is also leaving five home building markets.