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.

EPA Begins Investigation of Formaldehyde

Washington, DC, Dec. 2, 2008--The Environmental Protection Agency is starting its investigation into the health effects of formaldehyde in pressed wood products.

NYSE Tells Omnova Stock Price Is Too Low

Fairlawn, OH, Dec. 2, 2008--Omnova Solutions said that as a result of the recent volatility in its stock, the company was notified Nov. 28 by the New York Stock Exchange that its share price is too low.

Olson Named Assistant Director of NCTA

Jackson, MS, Dec. 1, 2008--The National Tile Contractors Association has named Jim Olson as the new assistant executive director. He is responsible for growing the association's membership and training programs.

Formica Flooring Names Northwestern Distributor

Barnwell, SC, Dec. 1, 2008--Formica Flooring has signed distributor Wanke Cascade, who will handle product in Oregon, Washington, Montana, Northern Idaho and Alaska.

Natco Purchases Canadian Floor Mat Firm

West Warwick, RI, Dec. 1, 2008--Natco Home Products has purchased Canadian indoor/outdoor floor mat and runner company Multy Industries Inc.

Record Number of Foreclosures Avoided, Group Says

Washington, DC, Dec. 1, 2008--The mortgage industry set a record for the number of mortgage workouts done in October, according to Hope Now, an alliance of mortgage servicers, counselors and investors working to help homeowners avoid foreclosure.

Manufacturing Contracts in November at Fast Pace

Tempe, AZ, Dec. 1, 2008 -- Manufacturing output in the U.S. contracted in November at the fastest pace in 26 years, according to the Institute for Supply Management.

Refinancing Surges After Fed Action Drops Rates

New York, NY, Dec. 1, 2008--Last week's sharp drop in mortgage rates is prompting a flurry of refinancing activity.

Construction Spending Falls More Than Expected

Washington, DC, Dec. 1, 2008--U.S. construction spending fell 1.2 percent in October after the prior month was revised to unchanged, a Commerce Department report showed on Monday.

Designer Clodagh To Be Featured at Las Vegas Event

Las Vegas, NV, Dec. 1, 2008--The Las Vegas Design Center will host “Sustainable Footprints” on Wednesday, Dec. 10. It's open to trade professionals and connoisseurs of design.