Nora Systems Names CEO for North America
Lawrence, MA, Oct. 5, 2009--Nora systems Inc. has named Andreas Mueller president and CEO, North America, effective Oct. 1.
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.
Boomers Opting for Less Opulence in New Homes
Washington, DC, Oct. 5, 2009--Homebuyers age 55 and over are seeking homes approximately the same size as their present home and, unlike six years ago, they're less inclined to spend for more glamorous furnishings.
Merida Meridian Sponsoring Rug Design Contest
Boston, MA, Oct. 5, 2009--Rug designer and manufacturer Merida Meridian has paired up with Boston not-for-profit organization Artists For Humanity (AFH) to kick off an eight-week rug design contest.
Greenspan Predicts Higher Unemployment
Washington, DC, Oct. 5, 2009--Former Federal Reserve Chairman Alan Greenspan predicted Sunday that the unemployment rate will push past 10 percent and stay at that level for a while.
FieldTurf Names Former Gerflor Exec Division VP
Montreal, Quebec, Oct, 5, 2009--FieldTurf Tarkett has named Stephane Leudet to the position of vice president, Indoor Division, North America.
Polyflor Products Get FloorScore Certification
Lancaster, PA, Oct. 5, 2009--Gerbert Limited, exclusive U.S. distributor of Polyflor commercial flooring, said that a wide range of Polyflor products have been awarded FloorScore certification for indoor air quality.
SBA Lending Falls Dramatically from Last Year
Washington, DC, Oct. 5, 2009--The Small Business Administration ended its 2009 fiscal year on Wednesday and the agency approved less than 45,000 loans, down 36% compared to last year and 56% from 2007.
California Retailer Files Chapter 11 Bankruptcy
Fresno, CA, Oct. 2, 2009--One of the oldest and best-known floor-covering retailers in the central San Joaquin Valley has filed for bankruptcy.
Mortgage Rates Fall, 15-Year Hits Two Decade Low
Washington, DC, Oct. 2, 2009--The average rate on 30-year fixed-rate mortgages fell this week below 5% to a four-month low, according to Freddie Mac's weekly survey.
Formica Flooring Adds Southeast Distributor
Barnwell, SC, Oct. 2, 2009--Formica Flooring said that A&M Supply Corporation will distribute its products throughout North Carolina, South Carolina, Georgia, Alabama and Tennessee.