Schwarzenegger Proposes 90-Day Foreclosure Stay
Sacramento, CA, Nov. 6, 2008--Gov. Arnold Schwarzenegger has unveiled a proposal to help borrowers modify troubled mortgages while making lenders more accountable.
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.
Beaulieu Canada Settles Strike, Plant To Reopen
Acton Vale, Quebec, Canada, Nov. 4, 2008 – After months of negotiations, Beaulieu Canada and its workers have reached an agreement to end the workers' strike and the Acton Vale plant will remain open.
SCS Now Testing in China Under CA Air Standards
Emeryville, CA, Nov. 5, 2008--Scientific Certification Systems has become the first accredited certifier under California's newly mandated formaldehyde emissions control program to provide California-accredited laboratory testing capacity in China.
Mortgage Application Volume Falls 20%
Washington, DC, Nov. 5, 2008--Mortgage application volume filed last week fell 20.3% compared with the previous week, as rates on fixed-rate mortgages increased, the Mortgage Bankers Association reported on Wednesday.
Home Furnishings Sales Off 20% from Last Year
New York, NY, Nov. 5, 2008--U.S. consumers cut spending in October and avoided purchases of items over $1,000, according to figures released on Wednesday by SpendingPulse, the retail data service of MasterCard Advisors.
Major Home Builders Continue To Struggle
Fort Worth, TX, Nov. 5, 2008--Home builders continue to struggle with the weak housing market.
No Signs of Improvement in Two Jobs Reports
Chicago, IL, Nov. 5, 2008--Two employment reports released Wednesday showed the largest number of planned job cuts in nearly five years, with private sector jobs falling by the largest amount in nearly seven years.
Armor All To Market Locking Garage Floor Tiles
Los Angeles, CA, Nov. 5, 2008--The Armor All/STP Products Company has signed exclusive a licensing agreements for the introduction of Armor All branded modular floor tiles.
Intertech Names Business Development Director
Austin, TX, Nov. 5, 2008--Intertech Flooring has named Courtney Gay to the newly created position of director of new business development. Diana Gonzalez was named design consultant.
Oriental Weavers Chosen HDC Vendor of Year
Dalton, GA, Nov. 4, 2008--From a pool of approximately 700 home décor vendors, Oriental Weavers was named Home Decorators Collection’s 2008 Vendor of the Year at the retailer’s recent Vendor Conference.