KeyBanc Upgrades Omnova Solutions to 'Hold'
New York, NY, March 4, 2009--KeyBanc Capital Markets upgraded Omnova Solutions from "underweight" to "hold," while raising its estimates for the company.
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.
Mortgage Application Volume Falls on Higher Rates
Washington, DC, March 4, 2009--Mortgage application volume last week dropped a seasonally adjusted 12.6% compared with the week before.
Summer Rug Market Begins July 12
Atlanta, GA, March 4, 2009--The July 2009 Atlanta International Area Rug Market will open on Sunday, July 12 for a four-day run, paralleling the concurrent home furnishings market’s higher-volume traffic days.
InterfaceFlor Receives EPD for Convert Products
LaGrange, GA, March 2, 2009-- – Modular carpet manufacturer InterfaceFlor said it was confirmed as the first U.S. carpet manufacturer to receive a third party verified Environmental Product Declaration.
Pending Home Sales Fall, Affordability Rises
Washington, DC, March 3, 2009--Pending home sales declined in January, according to the National Association of Realtors.
Mohawk Names Nova Scotia Firm Dealer of Year
Washington, DC, March 3, 2009--Mohawk Industries has named Taylor Flooring of Halifax, Nova Scotia, as the 2008 Mohawk ColorCenter North American Dealer of the Year.
Congoleum Bankruptcy Case in Jeopardy After Ruling
New York, NY, March 3, 2009--A U.S. bankruptcy judge has rejected a reorganization plan from Congoleum Corp and dismissed its Chapter 11 bankruptcy case.
Tarkett Buys Brazilian Resilient Firm
Paris, France, March 3, 2009--Tarkett has reached an agreement with the Etex Group on the purchase of Fademac, a Brazilian Etex Group affiliate specializing in resilient floorcovering.
Karastan's Shag Featured in Oscars Greenroom
Dalton, GA, March 3, 2009—While the 81st Academy Awards took place on stage, the most popular place backstage is Architectural Digest’s Greenroom—a luxurious area where stars can relax while they wait to go onstage.
Chain Store Sales Fall Final Week of February
New York, NY, March 3, 2009--The ICSC-Goldman Sachs survey reported that chain store sales fell by an annual pace of 0.8%, matching the previous week's decline, the week ending Feb. 28.