Foreclosures Loom as Top Housing Problem for Obama
Washington, DC, Nov. 7, 2008--President-Elect Barack Obama's new administration will face some daunting housing problems as it tries to get the economy back on track.
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.
Capri Cork Moves To New Pennsylvania Headquarters
Lancaster, PA, Nov. 7 2008--Capri Cork has moved to new corporate headquarters in Lancaster.
Mohawk Delays Filing of Quarterly Report
Calhoun, GA, Nov. 7, 2008--Mohawk Industries Inc. is delaying the filing of its quarterly report because the company is assessing how its declining stock price and deteriorating industry will impair its goodwill and other intangibles.
Antron Lumena Gets SCS Certification for Content
Atlanta, GA, Nov. 6, 2008--Invista said that over 50 colors of its Antron Lumena fiber have been certified by Scientific Certification Systems to contain a minimum of 25 percent post industrial recycled content.
Lumber Liquidators Sees Net Income Rise in Quarter
Toano, VA, Nov. 6. 2008--Lumber Liquidators third quarter net income increased 47.6% to $5.5 million.
Congoleum Reports Loss on Special Charge
Mercerville, NJ, Nov. 6, 2008--Congoleum Corporation reported that third quarter sales fell 14% to $46.1 million, compared with sales of $53.6 million a year ago.
October Retail Sales Worst Since 1969
New York, NY, Nov. 6, 2008--The nation's retailers saw their sales fall last month to the weakest October level since at least 1969, as the financial crisis and mounting layoffs left shoppers too scared to shop.
Dow Says Lomax Technology Surpassed Expectations
Dalton, GA, Nov. 6, 2008--The U.S. Environmental Protection Agency, Dow Chemical Co. and the City of Dalton partnered in a renewable energy project that has far exceeded expectations in its first quarter of operation, Dow said.
Initial Jobless Claims Higher Than Expected
Washington, DC, Nov. 6, 2008--Initial jobless claims rose more than anticipated last week and total jobless rolls climbed to the highest level in 25 years.
J&J Industries Named Top Place To Work in Georgia
Dalton, GA, Nov. 6, 2008--Dalton-based J&J Industries has been named one of the state’s 15 best places to work by Georgia Trend magazine.