President To Reappoint Fed Chairman Bernanke
Oak Bluffs, MA, Aug. 25, 2009--President Barack Obama plans to reappoint Ben Bernanke to a second term as chairman of the Federal Reserve.
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.
Pfleiderer Misses Interest Payment; NA Sales Up
Neumarkt, Germany, Aug. 24, 2009 – Pfleiderer AG said that it was unable to fulfill the financial covenants agreed upon with its creditor banks.
Beaulieu Canada Gets EcoLogo Designation
Acton Vale, Quebec, Canada, Aug. 24, 2009--Beaulieu Canada Co. said that it has earned the EcoLogo designation on the majority of its carpet tile products featuring the Nexterra backing system.
Survey Shows Realtors Optimistic About Home Prices
Emeryville, CA, Aug. 24, 2009--HomeGain, a website that provides home values, said its quarterly survey showed that 46% of Realtors think home prices will remain the same over the next six months
Court Reverses Congoleum Dismissal
Mercerville, NJ, Aug. 24, 2009--Congoleum said it received a decision from the U.S. District Court on its appeal of two orders from the U.S. Bankruptcy Court.
Jansen Replacing Propex's Retiring Stroot
Chattanooga, TN, August 21, 2009--Propex Operating Company said that Theo Stroot, managing director Europe of affiliate Propex Fabrics GmbH, has decided to retire.
Oil Hits 10-Month High, May Keep Moving Up
New York, NY, Aug. 24, 2009--Oil rallied to set a 10-month high toward $75 a barrel on Monday, supported by optimism that an economic recovery will spur a rebound in global energy demand.
Home Resales Record Large Monthly Increase
Washington, DC, Aug. 21, 2009--Home resales recorded the largest monthly increase in at least 10 years last month as first-time buyers hurried to take advantage of a tax credit that expires this fall.
Bernanke Says Economy Nearing Start of Recovery
Jackson Hole, WY, Aug. 21, 2009--Federal Reserve Chairman Ben Bernanke said Friday that the U.S. economy is on the verge of recovery.
Analysts Reduce Pfleiderer To Sell as Europe Weak
London, England, Aug. 21, 2009--Analysts at UniCredit Markets have downgraded Pfleiderer AG from "hold" to "sell."