Commercial Loans Next Bank Trouble Spot
Washington, DC, March 30, 2010--Treasury Secretary Timothy Geithner warned that mounting losses from commercial real estate loans will continue to be a problem for smaller U.S. banks.
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.
Analyst Issues 'Buy' Rating on Mohawk
New York, NY, March 30, 2010--Ticonderoga Securities analyst Stephen East initiated coverage of Mohawk Monday with a “Buy” rating and a price target of $63.
Carpet Scraps To Be Used To Make Tote Bags
Valley, AL, March 30, 2010--Fifteen workers will begin work producing tote bags and purses using scrap carpet material provided by carpet tile manufacturer InterfaceFlor.
Floor Advertising System Wins Technical Award
Spencer, MA, March 30, 2010--FLEXmark floor art, a two-part system of printable vinyl paired with a white double-faced polyester laminate for graphic floor advertising, has received an award for technical excellence.
Mohawk Debt Tender Offer Popular
Calhoun, GA, March 29, 2010--Mohawk Industries said that holders of its 6.5% senior notes have tendered a total of $300,756,000 as of last Friday.
Consumer Spending Up Slightly in February
Washington, DC, March 29, 2010--Consumers spending rose modestly last month, the Commerce Department said.
Tarkett Posts Net Profit of 70.2 Million Euros
Paris, France, March 29, 2010--Tarkett said that depite a 17% drop in sales to 1.7 billion euros, it posted a net profit of 70.2 million euros.
Domo Contract Flooring Changes Its Name
Zele, Belgium, March 29, 2010--Domo Contract Flooring has changed its name to Modulyss.
Personal Income Flat in February
Washington, DC, March 29, 2010--U.S. personal income remained unchanged in February compared to January's 0.3% increase, according to the Commerce Department.
Government Plans Mortgage Assistance Expansion
Washington, DC, March 26, 2010--The Obama administration plans to expand its efforts to help homeowners avoid foreclosure.