Deutsche Bank Says Home Prices To Keep Falling
New York, NY, Sept. 15, 2009--Home prices won't reach bottom until the end of next year’s second quarter, according to Deutsche Bank AG.
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.
Uniboard Investing in New Press in Canada
Neumarkt, Germany, Sept. 15, 2009--Pfleiderer subsidiary Uniboard said it is investing more than $2 million in a new short-cycle press at its Canadian plant in Val-d'Or.
MasterCard CFO: Consumer Confidence Low
Boston, MA, Sept. 15, 2009--MasterCard's chief financial officer on Tuesday said the global economic slowdown continues to prove "challenging" for consumers.
Consumer Sentiment Up Sharply in Early September
Ann Arbor, MI, Sept. 11, 2009--Consumer sentiment improved sharply in early September, according to the Reuters/University of Michigan index.
Interface To Establish Indian Manufacturing Plant
Atlanta, GA, Sept. 14, 2009--Modular carpet maker Interface Inc, which markets its products under the InterfaceFlor and Bentley Prince Street brands, is planning to set up a manufacturing facility in India at an investment of $30 million by 2011.
Economists See Slow Recovery from Deep Recession
New York, NY, Sept. 14, 2009--Economic recovery in the U.S. may be the slowest since World War II, even if the most optimistic forecasts for expansion turn out to be right.
Home Depot CEO Says Not Clear Recovery Has Started
Atlanta, GA, Sept. 11, 2009--While many retailers say they are seeing encouraging economic signs, the CEO of Home Depot says he isn't ready to say a recovery has started.
Longust To Distribute for Mannington in California
Salem, NJ, Sept. 14, 2009--Mannington Mills said that Longust Distributing Inc. has been granted distribution rights for all Mannington products in Southern California.
Milliken Selling Automotive Textile Division
Spartanburg, SC, Sept. 11, 2009--Textile supplier Milliken & Co. is selling its automotive-textile division, according to Automotive News.
Texas Carpet Recycling Wins Leadership Award
Grapevine, TX, Sept. 11, 2009--Texas Carpet Recycling won the 2009 Outstanding Construction & Demolition Debris Reuse/Recycling Leadership Award from the State of Texas Alliance for Recycling (STAR).