Pfleiderer Plans To Close Two German Plants
Neumarkt, Germany, Nov. 8, 2010 -- Due to market overcapacity, Pfleiderer plans to close a particleboard plant in Ebersdorf, Germany and an MDF plant in Nidda, Germany.
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.
Pending Home Sales Down in September
Washington, DC, Nov. 8, 2010 -- Pending home sales fell nationwide in September after two months of gains, the National Association of Realtors said.
CRI Seal of Approval Program Adds Vacuums
Dalton, GA, Nov. 8. 2010 -- Six new vacuums and one solution pre-spray have passed the testing and been certified by the Carpet and Rug Institute's Seal of Approval.
Analyst Likes Both Mohawk and Armstrong
New York, NY, Nov. 8, 2010 -- Flooring industry analyst Stifel Nicolaus has maintained "buy" ratings on shares of both Mohawk Industries and Armstrong World Industries after the companies reported earnings last week.
First Time Home Buyers Dominate Sales
Washington, DC, Nov. 8, 2010 -- Twenty-seven percent of first-time buyers who purchased a home between July 2009 and June 2010 received a gift from family or friends to help with the down payment.
Commercial Real Estate Lending Could Turn Corner
New Orleans, LA, Nov. 8, 2010 -- The commercial real estate market could begin improving soon as there are signs that the freeze in commercial lending should begin to thaw.
More Executives Raising Earnings Forecasts
New York, NY, Nov. 8, 2010 -- More U.S. executives than ever are increasing earnings forecasts compared with those lowering them, according to a Bloomberg News story.
Novalis Products Get FloorCcore Certification
Toronto, Ontario, Nov. 8, 2010 -- Novalis International said it has achieved FloorScore indoor air quality certification from Scientific Certification Systems for its NovaFloor Hartsfield and Providence product lines.
InterfaceFlor Begins Middle East Green Campaign
Dubai, UAE, Nov. 8, 2010 -- InterfaceFlor has launched a "Let's Be Clear" campaign across the Middle East to show its customers just what goes into its products.
Mohawk Sees Higher Earnings on Lower Sales
Calhoun, GA, Nov. 4, 2010 -- Mohawk Industries reported third quarter net earnings of $51 million and earnings per share of $0.74, compared to net earnings of $34 million earnings per share of $0.50 a year ago.