Oil Prices Back on the Rise
New York, NY, Dec. 6, 2011 -- Oil prices rose to near $102 a barrel Wednesday in Asia.
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 Delinquencies Likely To Fall in 2012
New York, NY, Dec. 7, 2011 -- Mortgage delinquencies should decline substantially next year assuming the economy doesn't tip into recession, according to credit reporting agency Transunion.
House Prices Decline for Third Straight Month
Washington, DC, Dec. 6, 2011 -- Home prices declined 1.3% in October, the third consecutive monthly drop, according to data firm CoreLogic.
Toll Brothers Income Drops on Tax Charge
Horsham, PA, Dec. 6, 2011 -- Luxury homebuilder Toll Brothers reported fourth-quarter net income of $15.0 million, or $0.09 per share, compared to $50.5 million, or $0.30 per share a year ago.
Invista Surfaces Names Burgess Vice President
Kennesaw, GA, Dec. 6, 2011 -- Invista Surfaces, a segment of Invista Performance Surfaces & Materials and maker of Stainmaster carpet fibers, has named Brian Burgess vice president of the retail channel.
Lowe's Maintains Earnings, Revenue Estimates
Mooresville, NC, Dec. 6, 2011 -- Lowe's maintained its earnings and revenue forecasts for fiscal year 2011 as the home center operator works on a strategic shift.
Rugs Direct on Internet Retailer Hot 100 List
Winchester, VA, Dec. 6, 2011 -- Rugs Direct has been named to Internet Retailer magazine's Hot 100 List.
Oriental Weavers Remodels AmericasMart Space
Atlanta, GA, Dec. 6, 2011 -- Area rug firm Oriental Weavers has remodeled its AmericasMart showroom, which will be ready in time for the Atlanta International Gift and Home Furnishings Market Jan. 11-18.
Mohawk Holds Biggest Aligned Meeting Ever
Nashville, TN, Dec. 5, 2011 -- Mohawk held the largest meeting of aligned dealers in its history last week as approximately 2,000 guests attended.
Consumers Set Online Spending Record
New York, NY, Dec. 5, 2011 -- Shoppers spent a record amount of nearly $6 billion online on Monday through Friday last week, according to Comscore.