Välinge Increases Floating Floor R&D Budget
Viken, Sweden, July 10, 2009--Välinge has decided to increase its annual R&D budget to $20 million from about $15 million due to new license contracts and success in new technology.
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.
Certified European Laminate Quality Group Disbands
Paris, France, July 10, 2009--Laminate flooring industry association Certified European Laminate Quality (CELQ) has decided to disband in response to markets trends.
Propex Downsizing at Georgia Plant
Bainbridge, GA, July 9, 2009--Propex’s Bainbridge, Ga. plant will begin downsizing its workforce of 210 employees, according to the Post-Searchlight.
Oil Falls Below $60 as Investors Await Earnings
New York, NY, July 10, 2009--Oil prices dropped below $60 a barrel Friday as investors anticipate company earnings reports next week that will provide clues on the strength of crude demand.
Initial Jobless Claims at Six-Month Low
Washington, DC, July 9, 2009--Initial jobless claims fell to a six-month low in the latest weekly data, after seasonal adjustment, while continuing claims hit a record high, the Labor Department reported Thursday.
NWFA Names Wood Floor of Year Winners
St. Louis, MO, July 9, 2009--The National Wood Flooring Association has named the winners of its 2009 Wood Floor of the Year contest.
Consumers Find Little Reason To Shop in June
New York, NY, July 9, 2009--Sales fell at many clothing retailers and warehouse club stores in June as the weak economy and cool, rainy weather kept potential shoppers at home.
Lumber Liquidators Opens 171st Store
Corpus Christi, TX, July 9, 2009--Lumber Liquidators is continuing to expand with the opening of a permanent showroom in Corpus Christi.
Mortgage Application Volume Up on Refinancing
Washington, DC, July 8, 2009--Mortgage application volume last week rose a seasonally adjusted 10.9% from the week before, reflecting an uptick in refinancings, the Mortgage Bankers Association reported Wednesday.
IMF Predicts Global Economic Rebound Next Year
Washington, DC, July 8, 2009--The International Monetary Fund is predicting a stronger global economic rebound next year than it forecast in April as the financial system stabilizes.