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.
Manchester, TN, March 10, 2011 -- Fiber manufacturer Viam Manufacturing Inc. said it will invest $32 million in a Manchester plant that will recycle plastic bottles into carpet fiber to be used in automobile applications.
Paris, France, March 10, 2011 -- European hardwood flooring firms imported a total volume of 6,713,531 square meters of wood flooring last year, according to the European Federation of Parquet Importers.
Washington, DC, March 10, 2011 -- Initial unemployment claims rose more than expected last week, the Labor Department said.
New York, NY, March 10, 2011 -- Zacks Investment Research has downgraded shares of Lumber Liquidators from a “neutral” rating to an “underperform” rating in a research note.
Washington, DC, March 10, 2011 -- Rising oil prices helped push imports up at the fastest pace in 18 years in January, according to the Commerce Department.
New York, NY, March 9, 2011 -- About 11.1 million home owners, or 23.1% of all mortgaged homes, were underwater in the fourth quarter of 2010, according to report by housing data firm CoreLogic.
Chattanooga, TN, March 9, 2011 -- The Dixie Group reported a net income of $516,000, or $0.04 per share, for the fourth quarter of 2010 compared with a net loss of $3,623,000, or $0.29 per share, for the year-earlier period.
Midland, MI, March 9, 2011 -- Styron Corp. is reportedly planning an initial public offering less than nine months after Bain Capital LLC bought the company from Dow Chemical Co.
Washington, DC, March 9, 2011 -- Mortgage application volume jumped to the highest level in three months last week, according to the Mortgage Bankers Association.
Washington, DC, March 9, 2011 -- Wholesale inventories rose more than forecast in January, according to the Commerce Department.