Big Oil Decline Unlikely as Economies Hit Bottom
New York, NY, Sept. 1, 2009--Oil prices rose slightly to above $70 a barrel Tuesday as a rebound in Asian stocks boosted investor optimism.
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.
Carpet Fiber Demand Shift Focus of FloorTek Event
Dalton, GA, Aug. 31, 2009--This year's FloorTek Expo will feature an Opening Panel Discussion Sept. 22 beginning at 8 a.m.
Balta 2008 Revenues Short of $1 Billion
Sint-Baafs-Vijve, Belgium, Aug.31, 2009--Belgian flooring company Balta says it generated total sales revenue of $953 million.
Chicago Area Manufacturing on Verge of Growth
Chicago, IL, Aug. 31, 2009--Manufacturing activity improved for the third straight month in the Chicago region in August.
Mullican To Offer FSC Engineered Flooring
Johnson City, TN, Aug. 31, 2009--Mullican Flooring said it will unveil a new line of engineered hardwood flooring this fall that is certified 100 percent PURE by the Forest Stewardship Council.
Feds Trying To Soften Commercial Real Estate Woes
Washington, DC, Aug. 31, 2009--Commercial real estate financing could deliver the next blow to the economy just at it's starting to grow again.
Iran Has World's Largest Octagonal Carpet
Naeen, Iran, Aug. 31, 2009--The world's largest octagonal carpet has been unveiled in Naeen located in Iran's central Isfahan Province.
Consumer Sentiment Up More Than Expected
Ann Arbor, MI, Aug. 28, 2009--Consumer sentiment improved in late August but remained below levels reached in July, according to the Reuters/University of Michigan index.
Non-Residential Construction May Have Bottomed
Raleigh, NC, Aug. 28, 2009---Construction management and consulting firm FMI reported last week that its third-quarter Nonresidential Construction Index is essentially unchanged from second quarter's 45.
Analyst Upgrades Armstrong Shares to 'Buy'
New York, NY, Aug. 28, 2009--An analyst for SunTrust Robinson Humphrey upgraded Armstrong World Industries Inc. Friday, saying its shares are cheap, its debt is shrinking and its dominant market share positions it for a big post-recession rebound.