Stainmaster Exclusive to Lowe's in Home Centers
Kennesaw, GA, Feb. 24, 2010--Lowe's will become the only major home improvement retailer offering Stainmaster carpet.
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.
Bernanke Says Interest Rates To Remain Low
Washington, DC, Feb. 25, 2010--Federal Reserve Chairman Ben Bernanke said Wednesday that he wasn't close to raising interest rates and tightening credit.
Välinge Sets Up Fund To Protect 5Gs Licensees
Viken, Sweden, Feb. 25, 2010--Välinge said it has decided to offer all new licensees of its 5Gs technology protection against claims for license fees from other parties.
Delta Hardwood in Expansion Project
Lee Center, NY, Feb. 25, 2010--Delta Hardwood Flooring Inc. has received a $50,000 loan from Mohawk Valley Edge’s Rural Development & Agri-Business Assistance Program, according to the Rome Sentinel newspaper.
Durable Goods Orders Surge Higher
Washington, DC, Feb. 25, 2010--Durable goods orders surged 3% in January to $175.7 billion, the Commerce Department estimated Thursday.
Commercial Loan Failures Could Ruin Banks: COP
Washington, DC, Feb. 25, 2010--Commercial real estate loan failures could destroy the banking system over the next four years much as the residential real estate collapse did in 2008.
Initial Jobless Claims Rise Unexpectedly
Washington, DC, Feb. 25, 2010--Initial jobless claims jumped 22,000 to 496,000 in the week ended Feb. 20, the Labor Department reported Thursday.
Interface Swings To Profit in Fourth Quarter
Atlanta, GA, Feb. 23, 2010--Interface Inc. reported fourth quarter sales of $230.9 million, compared with sales of $247.2 million a year ago, a decline of 6.6%.
Dixie Cuts Loss, Sees Improving Residential Market
Chattanooga, TN, Feb. 24, 2010--The Dixie Group reported a net loss of $3,480,000, or $0.28 per share, for the fourth quarter, compared with a net loss of $31,868,000, or $2.60 per share, a year ago.
Architecture Billings Index Hits Five-Month Low
Washington, DC, Feb. 24, 2010--The Architecture Billings Index, a leading indicator of U.S. nonresidential construction spending, fell in January to its lowest level since August.