California Retailer Files Chapter 11 Bankruptcy
Fresno, CA, Oct. 2, 2009--One of the oldest and best-known floor-covering retailers in the central San Joaquin Valley has filed for bankruptcy.
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.
Mortgage Rates Fall, 15-Year Hits Two Decade Low
Washington, DC, Oct. 2, 2009--The average rate on 30-year fixed-rate mortgages fell this week below 5% to a four-month low, according to Freddie Mac's weekly survey.
Formica Flooring Adds Southeast Distributor
Barnwell, SC, Oct. 2, 2009--Formica Flooring said that A&M Supply Corporation will distribute its products throughout North Carolina, South Carolina, Georgia, Alabama and Tennessee.
Tau Buys Porcelanatto Trademark
Castellon, Spain, Oct. 2, 2009--Tau has acquired the Porcelanatto trademark for its worldwide commercial use.
Nourison Promotes Three to Executive Positions
Saddlebrook, NJ, Oct. 2, 2009--Nourison Industries has promoted three Nourison executives to new positions.
Tender Offer for Armstrong Shares Falls Short
Fort Worth, TX, Oct. 2, 2009--Armor TPG Holdings LLC said it has completed a tender offer to purchase up to 4,435,935 shares of common stock of Armstrong World Industries.
UK Vinyl Recycling Program Gets Underway
London, England, Oct. 2, 2009--A vinyl recycling program in the United Kingdom has been launched by a joint venture of Polyflor and Altro.
Unemployment Ticks Up Again in September
Washington, DC, Oct. 2, 2009--The U.S. employment rolls weakened in September as 263,000 payroll jobs were lost and the unemployment rate rose to a 26-year high of 9.8%, the Labor Department reported.
New Factory Orders Down in August
Washington, DC, Oct. 2, 2009--New orders to U.S. factories fell in August by the largest amount in five months, according to the Commerce Department.
Mixed Economic Signals Growing More Positive
Washington, DC, Oct. 1, 2009--Consumer spending, which accounts for about 70 percent of economic activity, is showing signs of life as the economy transitions from recession to recovery.