Bernanke Says Recession Likely Over This Year
Washington, DC, March 16, 2009--Federal Reserve Chairman Ben Bernanke said the recession will likely end this year if the government succeeds in stabilizing the banking system.
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.
Dow Says New Backing Technology Aids Recycling
Midland, MI, March 16, 2009--Dow Chemical said that it has addressed one of the limitations to producing recyclable carpet with Hypod Polyolefin Dispersions technology for backings.
Administration Moving To Help Small Businesses
Washington, DC, March 16, 2009--President Barack Obama and his economic team are making billions in federal loans available to the nation's struggling small businesses.
Homebuilder Sentiment Low But Unchanged
Washington, DC, March 16, 2009--U.S. homebuilder sentiment remained unchanged in March as a harsh economic environment kept potential buyers on the sidelines, the National Association of Home Builders said on Monday.
Internal Rift at NAHB Shows Muscle of Major Firms
Washington, DC, March 16, 2009--An internal fight at the National Association of Home Builders is reaching the boiling point, and the outcome could refocus the industry's lobbying efforts, according to the Wall Street Journal.
GranitiFiandre Sales Flat but Profit Falls in 2008
Reggio Emilia, Italy, March 16, 2009--Tile maker GranitiFiandre finished last year with $312 million in sales, down from $313 million in 2007.
CBC Flooring Division Names Top Distributors
Commack, NY, March 16, 2009--The Flooring Division of CBC (AMERICA), maker of Toli and Ceres resilient commercial flooring, honored top distributors and agents at Surfaces in February.
Lumber Liquidators Names Chief Information Officer
Toano, VA, March 16, 2009--Lumber Liquidators has named Seth Levy senior vice president of information technology and chief information officer.
New York Manufacturing Activity Down
New York, NY, March 16, 2009--Manufacturing in New York State fell to another record low in March, according to a survey released on Monday.
Irish Tile Firm BTW To Liquidate
Co Kildare, Ireland, March 16, 2009--The company behind BTW, Ireland's leading retailer of bathrooms, tiles and wood floors, previously known as Tilesavers, has collapsed, with debts of $3.9 million, according to The Post.