Interface Profit More Than Doubles in Quarter
Atlanta, GA, Oct. 27, 2010 -- Interface, Inc. reported third quarter net income of $12.1 million, or $0.19 per share compared with $5.5 million, or $0.09 per share, in the third quarter of 2009.
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.
Propex Names Interim Chief Executive Officer
Chattanooga, TN, Oct. 27, 2010 -- Propex Operating Co. has named board member John Byrne as the interim chief executive officer.
Initial Jobless Claims Lowest Since Early July
Washington, DC, Oct. 28, 2010 -- Initial jobless claims fell 21,000 to 434,000 last week, marking the third straight decline and the lowest level since early July, the U.S. Labor Department reported Thursday.
Foreclosure Crisis Continues To Spread
Irvine, CA, Oct. 28, 2010 -- The foreclosure crisis became more severe across a majority of large U.S. metropolitan areas this summer, according to tracking firm RealtyTrac.
NAHB Sees Pick Up in Building Next Year
Washington, DC, Oct. 28, 2010 -- The National Association of Home Builders cut its 2010 forecast for single-family home construction, but said activity will pick up over the next two years as the economy improves.
Bentley Prince Street, Parterre Create Collection
Los Angeles, CA, Oct. 28, 2010 -- Carpet maker Bentley Prince Street and vinyl flooring maker Parterre Flooring Systems have collaborated on a collection of flooring in what they see as the first in a series.
Mortgage Bankers See Rising Rates Next Year
Washington, DC, Oct. 28, 2010 -- Mortgage bankers are predicting that interest rates will rise from historic lows to over 5% next year.
Johnsonite Tile Used in Award-Winning School
Chagrin Falls, OH, Oct. 28, 2010 -- Johnsonite vinyl tile was used in the Manassas Park Elementary School, which was recently named an American Institute of Architects’ Environment Award Winner.
Invista Investing in Texas for Higher Demand
Houston, TX, Oct. 28, 2010 -- Invista said it plans to invest significant capital in its Texas facilities over the next six years to handle an expected increased demand for the chemical intermediates it produces in Texas.
Economists in AP Survey See Slow Growth Ahead
Washington, DC, Oct. 28, 2010 -- An Associated Press survey of economists shows they believe the economy will improve only marginally next year.