Fed Leaning Toward More Economic Stimulus
Washington, DC, Oct. 13, 2010--The Federal Reserve is strongly considering another round of stimulus to boost the economy, according to minutes from its September 21 meeting.
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.
Tennessee Retailer Named to WFCA Board
Anaheim, CA, Oct. 13, 2010--Summer Turner, president of House of Carpets, Inc. in Murfreesboro, Tennessee has been appointed to fill an unexpired board vacancy by the World Floor Covering Association.
More Commercial Real Estate Sales Seen in 2011
New York, NY, Oct. 13, 2010--Commercial real estate investors anticipate more property sales next year, according to a survey Emerging Trends in Real Estate 2011 by the Urban Land Institute.
Analysts More Positive on Mohawk Stock
New York, NY, Oct. 13, 2010--Goldman Sachs has upgraded shares of Mohawk Industries to "neutral" from "sell," citing strong cost controls and improving commodity costs.
Record Low Mortgage Rates Spur Refinancing
Washington, DC, Oct. 13, 2010--Mortgage application volume increased for the first time in six weeks, according to the Mortgage Bankers Association weekly applications survey.
Valinge Says Alloc First To License New System
Viken, Sweden, Oct. 13, 2010--Välinge said that Alloc is the first licensee of its new aluminium based 4G system for the long side as well as the first laminate licensee of the 5G-S side push system for the short side.
UK Carpet Recycling Group Steps Up Efforts
Worcester, England, Oct. 13, 2010--Leading carpet manufacturers have significantly strengthened their commitment to Carpet Recycling UK and its target of 25% landfill diversion by 2015.
Bona Opens Sixth Regional Training Center
Aurora, CO, Oct. 13, 2010--Hardwood floor finishing products firm Bona US recently opened the Bona Midwest Regional Training Center in Skokie, Illinois.
Huber Engineered Woods in 'Extreme Makeover'
Charlotte, NC, Oct. 13, 2010--Huber Engineered Woods LLC is contributing AdvanTech flooring for more than 20 homes during Season Eight of “Extreme Makeover: Home Edition.”
Soaring Wool Prices Not Helping Farmers
Auckland, New Zealand, Oct. 13, 2010--International wool prices are hitting highs not seen in a decade but farmers say returns at the gate are not sustainable, according to nzherald online.