Milliken CEO Ashley To Retire in May
Spartanburg, SC, January 29, 2008—Milliken & Co. CEO Ashley Allen will retire May 1 following his 65th birthday.
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.
GDP Falls Sharply in Fourth Quarter
Washington, DC, January 30, 2008--The U.S. economy grew at a 0.6% annual rate in the fourth quarter, the weakest growth since 2002, the Commerce Department reported Wednesday.
Solutia To Pay For Contamination Cleanup
St. Louis, MO, January 30, 2008—Solutia Inc. will likely pay the Environmental Protection Agency about $3 million for the cleanup of contaminated chemical barrels that once polluted an industrial site north of downtown St. Louis.
Home Refinancing Continues To Surge
Washington, DC, January 30, 2008--Mortgage application volume rose 7.5% during the week ended Jan. 25 thanks to a continuing surge in refinancing activity, according to the Mortgage Bankers Association's weekly survey.
Online Retail Sales Slowing But Still High
Cambridge, MA, January 30, 2008-- Online retail sales in 2007 reached $175 billion, a 21 percent increase over $144.6 billion in 2006.
Pfleiderer To Intro New Pergo Line at Home Depot
Neumarkt, Germany, January 30, 2008—Pfleiderer said it will roll out a new laminate line called Pergo Prestige in the second quarter at Home Depot stores.
Centex Latest Home Builder To Report Huge Loss
Dallas, TX, January 29, 2008—Home builder Centex Corp. said third-quarter loss swelled as it had to take a large charge on unsold homes.
Chain Store Sales Fall in January
New York, NY, January 29, 2008--Chain store sales fell 0.3 percent in the first three weeks of January versus the previous month, according to Redbook Research's latest indicator of national retail sales.
Home Prices in Free Fall in Metro Areas
New York, NY, January 29, 2008--Home prices fell by a record 8.4 percent in November, according to the Standard & Poor's/Case-Shiller 10-city composite home price index.
Foreclosures To Continue Heavy Pace in 2008
Irvine, CA, January 29, 2008--The number of U.S. homes in foreclosure last year rose 75 percent from 2006, according to real estate tracking firm RealtyTrac.