Wayzata Appealing Foamex Auction Sale
New York, NY, June 11, 2009--Wayzata Capital Investment Partners LLC is appealing the bankruptcy court’s decision to go with MatlinPatterson's $155 million credit offer for Foamex International.
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.
Home Foreclosures Fall in May but Still High
Irvine, CA, June 11, 2009--Home foreclosures are still rising, but the annual increase in May was the smallest in nearly three years.
Gerflor Sets Up Facebook Page
Chicago, IL, June 11, 2009--Gerflor said it has established a Facebook fan page to improve communication with specifiers and employees.
Downturn Slowing, Beige Book Report Says
Washington, DC, June 10, 2009--The Federal Reserve said in its Beige Book that the downturn may be slowing in many areas.
Initial Jobless Claims Fall More Than Expected
Washington, DC, June 11, 2009--Initial jobless claims fell more than expected last week, but ongoing claims ticked higher, according to the Labor Department.
Claremont Rug Adds Staff
Oakland, CA, June 10, 2009—Claremont Rug Company has added eight new members to its buying, restoration and services departments due to the increased demand for the best 19th century art-level antique rugs.
Rise in Retail Sales Largest in Four Month
Washington, DC, June 11, 2009--Retail sales rose by the largest amount in four months in May, according to the Commerce Department.
Oil Prices Break $71 to 2009 High
New York, NY, June 10, 2009--The price of oil rose above $71 a barrel Wednesday to reach a 2009 high, as investors poured money into crude markets to protect themselves against the inflation risks posed by a weakening U.S. dollar.
Refinancing Drops as Mortgage Rates Spike Higher
Washington, DC, June 10, 2009--Mortgage application volume last week fell a seasonally adjusted 16.2% compared with the previous week, the Mortgage Bankers Association said Wednesday, as mortgage rates rose sharply.
Shaw's EcoWorx Marks 10th Anniversary
Dalton, GA, June 9, 2009--Shaw Industries is celebrating the 10th anniversary of EcoWorx, the company’s first fully recyclable commercial carpet backing system.