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.
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.
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.
Consumer Spending Fell in December
Washington, DC, Feb. 2, 2009--Consumer spending fell for a record sixth straight month in December as recession-battered households boosted their savings rates to the highest level since May.
Foamex Names Two New Board Members
Media, PA, Feb. 2, 2009--Foam supplier Foamex International has named two executives of investment firm D.E. Shaw & Co. to its board of directors, replacing two members who are stepping down.
Court Approves Propex Loan from Investment Group
Chattanooga, TN, Jan. 29, 2009--Propex Inc. said that the U.S. Bankruptcy Court in Chattanooga has approved, on an interim basis, a $65 million debtor in possession loan with Wayzata Investment Partners.
GDP Shrinks in Q4 But Better Than Expected
Washington, DC, Jan. 30, 2009--The economy shrank at a 3.8 percent pace at the end of 2008, the worst showing in a quarter-century, as the deepening recession forced consumers and businesses to throttle back spending.
Pfleiderer Names President of Flooring Division
Raleigh, NC, Jan. 29, 2009--Pfleiderer AG, parent company to Pergo, has named Ralf Eisermann CEO of the company’s flooring division, Pfleiderer Schweiz AG, Baar.
Consumer Sentiment Revised Down for January
Ann Arbor, MI, Jan. 30, 2009--The final consumer sentiment survey from Reuters and the University of Michigan for January was revised down from preliminary estimates.
Uniboard Ohio Plant Gets FSC Certification
Fostoria, OH, Jan. 30, 2009--The U.S. surface-coating plant of the Pfleiderer subsidiary Uniboard in Fostoria was recently certified by the Forest Stewardship Council.