A&M Carpet Released from Bankruptcy
Fresno, CA, Aug. 12, 2011 -- A&M Carpet Inc. has been released from Chapter 11 by a federal judge in Fresno, according to the Fresno Bee.
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.
Dunlop Flooring Wins Australian Eco Product Award
Sydney, Australia, Aug. 12, 2011 -- Dunlop Flooring has won the Australian Business Award for “Best Eco-Friendly Product” for 2011 for its Dunlop Springtred carpet cushion.
Unemployment Applications Fall Below 400K
Washington, DC, Aug. 11. 2011 -- Initial applications for unemployment benefits fell last week below 400,000 for the first time in four months, according to the Labor Department.
Foreclosures Decline Again in July
Irvine, CA, Aug. 11, 2011 -- Foreclosures in the U.S. fell again in July, according to tracking firm RealtyTrac, as banks are taking a more cautious approach.
Government Wants Foreclosures To Be Rentals
Washington, DC, Aug. 11, 2011 -- The Obama administration wants to turn thousands of foreclosed properties owned by government-backed entities into rental homes, according to the Wall Street Journal.
Trade Deficit Widens in June
Washington, DC, Aug. 11. 2011 -- The U.S. trade deficit increased to $53.1 billion in June from $50.8 billion . It is the widest deficit since 2008, and analysts were looking for a decrease to $48 billion.
Gerflor Introduces Fiber Technology
Chicago, IL, Aug. 11, 2011 -- Resilient flooring firm Gerflor said it is introducing what it calls "fiber technology" to the market.
China Ceramics Revenues Soar in Second Quarter
Jinjiang, China, Aug. 10, 2011 -- China Ceramics reported second quarter revenue of $57.3 million, up 36.7% from the second quarter of 2010.
Fed To Hold Interest Rates Low Until Mid 2013
Washington, DC, Aug. 10, 2011 -- The Federal Reserve said it will hold interest rates near zero until the middle of 2013.
Former Florida Tile Executive Cuthbertson Dies
Heber City, UT, Aug. 10, 2011 -- Former Florida Tile executive Jim Cuthbertson died Saturday, Aug. 6 after a short battle with bone cancer.