Brintons Breaks Ground on Chinese Plant
Suzhou, China, Oct. 30, 2008--Brintons, the largest producer of custom woven Axminster carpet, recently held a ground breaking ceremony at its new plant site in Suzhou, China.
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.
Consumer Sentiment Falls in October
Ann Arbor, MI, Oct. 31, 2008--U.S. consumer sentiment fell in October from September, according to the University of Michigan/Reuters index released Friday.
Robina CEO Siemerling Retiring
Kennesaw, GA, Oct. 31, 2008--After more than a decade in the flooring business and three years as the CEO of Robina Floors in Georgia, Hartwig Siemerling is retiring.
Six States Dominate Home Mortgage Mess
New York, NY, Oct. 31, 2008--Nationwide, almost one out of every five homeowners with a mortgage owes more to their lender than their properties are worth.
Office Construction May Be Bright Spot for 2009
New York, NY, Oct. 31, 2008--Some of the financial problems of the residential market are beginning to spill onto the commercial side, according to Robert Murray, vice president of economic affairs for McGraw Hill Construction.
StonExpo Seeking Presenters for Program
Dallas, TX, Oct. 31, 2008--A call for presentations has been issued for the StonExpo/Marmomacc Americas 2009 educational program, scheduled to take place Oct. 21-24, 2009 at the Las Vegas Convention Center in Las Vegas.
Slack Consumer Spending Puts GDP Into Reverse
Washington, DC, Oct. 20, 2008--The economy contracted during the third quarter as consumers cut back on their spending by the biggest amount in 28 years.
Solutia Sees Higher Sales in Third Quarter
St. Louis, MO, Oct. 29, 2008--Solutia Inc. reported a 29% increase in net sales in the third quarter and consolidated net income of $24 million from continuing operations.
Armstrong Net Income Falls, Sees Declining Market
Lancaster, PA, Oct. 30, 2008--Armstrong World Industries today reported third quarter operating income from continuing operations decreased to $82.2 million from $85.9 million in 2007.
Initial Jobless Claims Unchanged
Washington, DC, Oct. 20, 2008--Initial jobless claims held steady in the latest week after a jump in the previous period, the Labor Department said Thursday.