Dow Losses Larger Than Expected
Midland, MI, Feb. 3, 2009-- Dow Chemical Co. said it lost $1.55 billion in the fourth quarter, due in large part to restructuring costs and a 23 percent drop in sales amid a global slump.
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.
Teragren Gets New Distributors, Adds to Staff
Bainbridge Island, WA, Feb. 2, 2009—Teragren said it has secured two new distribution agreements in the U.S. and Canada.
D.R. Horton Narrows Loss in Quarter on Cost Cuts
Fort Worth, TX, Feb. 3, 2009--D.R. Horton Inc. reported its smallest loss in over a year as costs and charges fell faster than revenue.
Good Housekeeping, CRI, To Review Vacuums
Boise, ID, Feb. 3, 2009 -- The Housekeeping Channel and the Carpet and Rug Institute will collaborate to review residential vacuum cleaners that have earned CRI's Gold, Silver, or Bronze "Seal of Approval" designation.
Raised Access Flooring Firm Wants Messy Floor
Strongsville, OH, Feb. 3, 2009--Millennium Flooring, a national raised access flooring installer, is celebrating its grand opening by looking for the messiest office floor in America.
Obama Wants To Lower Mortgage Costs
Washington, DC, Feb. 2, 2009--President Barack Obama promised on Saturday to lower mortgage costs as part of a financial rescue effort.
Berry and Alloc Settle Faus Patent Dispute
Racine, WI, Jan. 30, 2009--Beaulieu International Group NV, Berry Finance NV, Berry Floor NV, Berry Floor USA, Inc., Alloc, Inc. and the Faus Group have settled their patent and contract disputes.
Construction Spending Fell in December
Washington, DC, Feb. 2, 2009--Construction spending fell for a third straight month in December, closing out a year in which building activity fell by a record amount as housing continued to plunge.
ANSI Approves Home Builders Green Standard
Washington, DC, Feb. 2, 2009--The National Association of Homebuilders said last week that its new green building standard for residential properties was approved by the American National Standards Institute, paving the way for its release.
Former Feltex Directors Face Criminal Charges
Auckland, New Zealand, Feb. 2, 2009--The Registrar of Companies has filed criminal charges against five former directors of failed Feltex Carpets.