New Axminster Weaving System Makes Debut
Hannover, Germany, Jan. 21, 2011 -- A new Axminster weaving system that cuts cost, reduces waste and frees up production space made its debut at Domotex, according to Intel@tex.
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.
Styron Raising $1.3 Billion Term Loan
New York, NY, Jan. 21, 2011 -- Styron, taken private by Bain Capital for $1.63 billion in June, is raising a $1.3 billion term loan to refinance debt and pay back a portion of Bain's investment in the latex maker, Bloomberg News is reporting.
Pfleiderer Replaces Communications Head
Neumarkt, Germany, Jan. 21, 2011 -- Pfleiderer said that Frank Elsner will run its corporate communications department as of Feb. 1.
Economic Indicators Up Again in December
New York, NY, Jan. 20, 2011 -- The index of leading economic indicators rose 1% in December, the Conference Board said.
Initial Jobless Claims Fall Sharply
Washington, DC, Jan. 20, 2011 -- Initial jobless claims last week posted their biggest decline in nearly a year, the Labor Department said.
Existing Home Sales Rise 12.3% in December
Washington, DC, Jan. 20, 2011 -- Home resales rose substantially in December, as sales increased for the fifth time in the past six months, according to the National Association of Realtors.
Chain Store Sales Edge Higher, Weather Hurts
New York, NY, Jan. 20, 2011 -- U.S. weekly chain-store sales rose 1.4% last week compared to a year ago, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs.
Armstrong, Beaulieu Launch Builder Program
Lancaster, PA, Jan. 20, 2011 -- Armstrong, in conjunction with Beaulieu, has launched a program called FashionSmart aimed at the builder market. The partnership was initially formed last year.
Zeftron Names Sustainable Practices Winner
Dalton, GA, Jan. 20, 2011 -- Zeftron nylon named Julie Kelly the winner of its second annual Sustainable Practices Award.
Home Construction Slowed in December
Washington, DC, Jan. 19, 2011 -- House construction tailed off in December and builders started work last year on the second fewest number of homes in more than half a century, according to the Commerce Department.