Top Safety Record Puts Milliken on Fortune List
Spartanburg, SC, January 28, 2008—Fortune magazine named Milliken & Company to the list of “100 Best Companies to Work For” because of its outstanding safety record.
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.
Analyst Expects Home Depot To Slow Growth
Atlanta, GA, January 28, 2008--An analyst said that Home Depot will slow growth and boost spending to maintain existing outlets this year, according to published reports.
New Home Sales Plummet Despite Incentives
Washington, DC, January 28, 2008—Home builders reduced prices by more than 10% in December to boost sales but instead saw sales drop about 5 percent to their lowest level in almost 13 years, according to the Commerce Department.
Home Depot Drops Pursuit of Loan Charter
Atlanta, GA, January 28, 2008--Home Depot has backed off plans to get an industrial loan charter in order to buy EnerBank USA.
Sears Begins Search for a New CEO
Hoffman Estates, IL, Janary 28. 2008-- Sears Holdings Corp. President and CEO Aylwin B. Lewis will step down Feb. 2 and be replaced on an interim basis by W. Bruce Johnson, executive vice president of supply chain and operations.
Iran Carpet Company Claims Sales of $300M
Tehran, Iran -- The director of the Iran Carpet Company (ICC) said that the country’s carpet exports during the current Iranian calendar year that began March 21, 2007 surpassed $300 million.
Wheat Selected for Induction in WFCA Hall of Fame
Anaheim, CA; January 22, 2008--A pioneering retailer and entrepreneur will be the lone inductee for 2008 into the World Floor Covering Association Hall of Fame this spring.
Proposal To Raise Mortgage Limits Praised by MBA
Washington, DC, January 25, 2008--A proposal to raise the limits on the size of mortgage loans that can be bought by Fannie Mae and Freddie Mac has been endorsed by the Mortgage Bankers Association.
Mortgage Rates Lowest in Nearly Four Years
Washington, DC, January 25, 2008-- Mortgage rates hit their lowest levels since March of 2004, Freddie Mac reported Thursday.
Home Price Decline Hits Record in December
Washington, DC, January 25, 2008-- Prices of homes sold in December registered the biggest year-over-year decline ever, according to the National Association of Realtors.