Rohm and Haas Sees Earnings Fall
Philadelphia, PA, Feb. 9, 2009--Chemical maker Rohm and Haas said its fourth-quarter profit fell as the global economic slowdown hurt demand for its paints, coatings and electronic materials.
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.
Invista's Antron Showroom Gets LEED Gold Status
Chicago, IL, Feb. 6, 2009--Invista has achieved LEED Gold certification for Commercial Interiors for the Antron brand Studio showroom in Chicago’s Merchandise Mart.
No Relief as Unemployment Keeps Climbing
Washington, DC, Feb. 6, 2009--The nation's unemployment rate jumped to 7.6% and nonfarm payrolls fell by the largest amount in 34 years, the Labor Department reported Friday.
CRI Urges Members To Lobby Georgia Senator
Dalton, GA, Feb. 6, 2009--The Carpet and Rug Institute is urging its members to send letters of support to Georgia Sen. Johnny Isakson for the American Home Furnishing Coalition tax credit proposal.
Mortgage Rates on the Rise
Washington, DC, Feb. 6, 2009--Mortgage rates rose over the past week, pushing the cost of borrowing to its highest level since Christmas.
Valinge Installing New Advanced Production Line
Viken, Sweden, Feb. 5, 2009--Valinge is installing a new production line for laminate and wood floorings that it says will be the most advanced in the world.
Alabama Rug Maker Lays Off Workers
Scottsboro, AL, Feb. 6, 2009--Unconfirmed reports late Thursday indicated that rug maker Maples Industries, Jackson County's largest industrial employer, laid off part of its workforce Thursday afternoon.
Large California Builder Begins Restructuring
Irvine, CA, Feb. 6, 2009--John Laing Homes, a home builder in California with roots that date back to England of the mid-19th century, said Thursday it is has launched a restructuring that includes job cuts.
Fund Manager Says Dow Merger Still Possible
New York, NY, Feb. 5, 2009--Paulson & Co., the hedge fund run by billionaire John Paulson, urged Dow Chemical Co. to tap a $13 billion bridge loan to help complete its stalled takeover of Rohm & Haas Co.
Pulte Homes' Loss Less Than a Year Ago
Bloomfield Hills, MI, Feb. 4, 2009--Pulte Homes reported a fourth quarter net loss of $338.2 million, or $1.33 per share, compared with a $874.7 million net loss for the prior year fourth quarter, or $3.46 per share.