Rhinoceros To Give Mohawk Carpet Unusual Test
Birmingham, AL, Aug. 12, 2009--Mohawk Industries has teamed with The Birmingham Zoo to put its SmartStrand carpet to the test.
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 Applications Fall as Rates Rise
Washington, DC, Aug. 12, 2009--The volume of home-loan applications slipped last week a seasonally adjusted 3.5% compared with the previous week as interest rates rose, the Mortgage Bankers Association said on Wednesday.
Armstrong Share Sale May Give TPG Right of Refusal
New York, NY, Aug. 12, 2009--Analyst Stifel Nicolas has a "buy" rating on the stock of Armstrong World Industries after investment firm TPG Capital announced that it would buy 7 million shares of the flooring firm from the Armstrong World Asbestos Trust.
Anayst Downgrades Mohawk Stock
New York, NY, Aug. 12, 2009--Mohawk Industries was downgraded Tuesday by analysts at Pali Research.
Congoleum Gets Patent for Duraceramic Technology
Mercerville, NJ, Aug. 12, 2009--Congoleum has been awarded a U.S. patent for its DuraCeramic product technology.
BPS Named a Best Place to Work in Los Angeles
City of Industry, CA, Aug. 11, 2009--For the third consecutive year, California’s Bentley Prince Street has been named one of the 2009 Best Places to Work in Los Angeles by the Los Angeles Business Journal.
Investment Group Buying 7 Million Armstrong Shares
Fort Worth, TX, Aug 11, 2009--TPG Capital said it has agreed to purchase 7 million shares of Armstrong World Industries, Inc. through an affiliate.
NAHB Urges Tax Credit Extension, Enhancement
Washington, DC, Aug. 11, 2009--The National Association of Home Builders is urging Congress to extend and enhance the $8,000 first-time home buyer tax credit due to expire Dec. 1.
Flooring Groups Backing HIRE Stimulus Bill
Washington, DC, Aug. 11, 2009--Four major flooring associations are throwing their weight behind a bill that would provide stimulus for the industry.
Amtico Begins Quick-Ship Program
Atlanta, GA, Aug. 11, 2009--Amtico International has introduced a quick-ship program comprised of 30 SKUs of its most popular wood, stone and abstract resilient flooring designs that ship within 48 hours of order placement.