Consumer Loan Delinquencies on The Rise
Washington, DC, July 7, 2009--Consumer loan delinquencies rose to another record high in the first quarter, according to the American Bankers Association.
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.
A Blissful Day for Two Atlanta Attorneys
Atlanta, GA, July 7, 2009 —Over lunch at a trendy restaurant, Heather Moody got a proposal for marriage. A couple of hours later, she won a houseful of new Bliss carpet from a drawing at the Atlanta Home Show.
Attendance of New Vendors Up at fcB2B Meeting
Atlanta, GA, July 7, 2009--The Floor Covering Business to Business Association, better known as “fcB2B,” saw an increase in the number of new vendors at its annual meeting, despite a down economy.
UK Carpet Chain Struggling, Store Closings Likely
Kent, England, July 6, 2009--Hundreds of jobs could be lost at Allied Carpets as early as this week as the carpet chain teeters on the brink of collapse, according to The sun newspaper.
Economic Worries Send Oil Prices Lower
New York, NY, July 6, 2009--Oil prices fell to near $65 a barrel Monday in Asia as unemployment figures from the U.S. and Europe last week sparked investor concern about a nascent economic recovery.
Non-Manufacturing Sector Contraction Slows
Tempe, AZ, July 6, 2009--Economic activity in the non-manufacturing sector contracted in June, say the nation’s purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business.
Mortgage Rates Decline for Third Consecutive Week
New York, NY, July 6, 2009--Mortgage rates declined again this week, the third consecutive week of declines, according to Monitorbankrates.com.
US Floors Launches Consumer, Contract Websites
Dalton, GA, July 6, 2009--US Floors Inc. has launched new websites for its residential product lines (usfloorsllc.com) and its new USF Contract specified commercial line (usfcontract.com).
Mercier Names Distributor for Michigan, NW Ohio
Montmagny,Quebec, Canada, July 2, 2009--Mercier Wood Flooring has signed Radio Distributing Co. to distribute its products in Michigan and 11 counties of Northwest Ohio.
German Court Dismisses Patent Suit Against Egger
Dusseldorf, Germany, July 6, 2009--Akzenta's patent violation suit against two Egger companies has been dismissed by the Düsseldorf District Court.