LG Spins Off Construction Related Businesses
Englewood, Cliffs, NJ, July 1, 2009--LG Chem, Ltd, has been spun-off from the parent company to create LG Hausys America, Inc.
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.
Several Years of Low Interest Rates Possible
San Francisco, CA, July 1, 2009--It's possible that interest rates will remain low for several years, according to Federal Reserve Bank of San Francisco President Janet Yellen.
Lack of Business Travel Pressuring Hotel Loans
New York, NY, July 1, 2009--As many as one in five U.S. hotel loans may default through 2010 as companies spend less on travel.
Välinge Settles Patent Disputes With Chinese Firms
Viken, Sweden, July 1, 2009--Välinge has settled its legal disputes regarding infringement on Välinge's patent rights with two Chinese laminate producers.
Mohawk, County Solve Hillsville Plant Power Issue
Hillsville, VA, July 1, 2009--By signing a performance agreement with Mohawk Industries on Monday, the Carroll County Board of Supervisors retained more than 150 jobs and one of the largest industries in the county.
Mortgage Applications Fall Despite Lower Rates
Washington, DC, July 1, 2009--Mortgage application volume last week dropped a seasonally adjusted 18.9% from the week before, as refinancing activity plunged, the Mortgage Bankers Association reported Wednesday.
IVC Adds Northwest Distributor
Dalton, GA, July 1, 2009--IVC US has added Pacific Northwest distributor Wanke Cascade.
Unemployment Rising Factor in Foreclosures
Washington, DC, June 30, 2009--Rising unemployment is the latest factor in the current wave of foreclosures, which is complicating Washington's effort to stabilize the housing market.
Consumer Confidence Falls in June
New York, NY, June 30, 2009--The Conference Board's U.S. consumer confidence index fell in June to 49.3 from a downwardly revised 54.8 in May, the private business research group reported on Tuesday.
Bonar Floors Wins Digital Print Award
Surrey, UK, June 30, 2009--Federation of European Screenprinters Associations has named Bonar Floors a winner of its Digital Print Awards 2009.