Wholesale Inflation Rises More Than Expected
Washington, DC, Feb. 19, 2009--Wholesale inflation jumped unexpectedly in January, reflecting sharply higher prices for gasoline and other energy products.
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.
Mohawk Engineer Elected to Environmental Board
Dalton, GA, Feb. 19, 2009--Greg Jones, senior environmental engineer at Mohawk Industries, has been elected to the board of directors for The Georgia Industry Environmental Coalition (GIEC) for 2009.
Solutia Income Up in 2008 Despite Slow 4Q
St. Louis, MO, Feb. 18, 2009--Solutia Inc. reported a 14% increase in net sales and a 29% increase in adjusted EBITDA from continuing operations for 2008, as compared to 2007 on a pro forma basis.
Housing Starts, Permits, Hit Record Lows
Washington, DC, Feb. 18, 2009--Housing starts and building permits fell to new record lows for the second consecutive month, according to the Commerce Department.
AIA Billings Index Falls Again
Washington, DC, Feb. 18, 2009--The Architecture Billings Index fell to a historic low of 33.3 in January, from 34.1 in December, according to the American Institute of Architects. Any reading below 50 indicates a decline in billings.
New Website To Offer Online Rug Design
London, England, Feb. 18, 2009--A new web-based rug store called Rug Couture will let customers design their own rugs online from start to finish.
Mortgage Application Volume Surges on Refinancing
Washington, DC, Feb. 18, 2009--Mortgage application volume last week rose a seasonally adjusted 45.7% compared with the week before due to a surge in refinancings as interest rates fell, the Mortgage Bankers Association said Wednesday.
One Silver Lining: Oil Prices Staying Low
New York, NY, Feb. 18, 2009--Oil prices remained below $35 a barrel Wednesday in Asia as further signs the U.S. recession is deepening spurred investor concern over crude demand.
Gerflor Makes Management Changes
Chicago, IL, Feb. 17, 2009 – Resilient manufacturer Gerflor had made several management changes within its sports and commercial divisions.
Mirage Honors G.R. Distributors for 2008 Work
Saint-Georges, Quebec, Canada, Feb. 18, 2009—Hardwood manufacturer Mirage gave its Mirage Spirit Award to G.R. Distributors.