Carpetright Stock Falls as Profits Plunge
London, England, Dec. 16, 2008--Carpetright shares fell as much as 21 percent after Britain's biggest floor covering retailer says its full-year profit will be below expectations.
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.
CRI Certifies New Solutions, Cleaning Systems
Dalton, GA, Dec. 16, 2008--The Carpet and Rug Institute has certified five new solutions and two cleaning systems under the CRI Seal of Approval Program.
Mohawk Stock Gets an Upgrade by Cowen
New York, NY, Dec. 15, 2008--Cowen & Co has upgraded Mohawk Industries stock to "outperform."
Välinge To Produced Beveled Edge on Laminate
Viken, Sweden, Dec. 15, 2008--Välinge has ordered the first full size machine to produce a beveled edge on a laminate flooring using the new “Solid Edge” technology developed by Välinge Innovation Belgium.
More Than $2 Trillion in Home Values Likely Lost
New York, NY, Dec. 15, 2008--U.S. homes lost nearly $2 trillion in value during the first three quarters of 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth.
New Website on Polished Concrete Debuts
Yucaipa, CA, Dec. 15, 2008--A new website, PolishedConcreteFloor.org, is a guide for consumers researching concrete polishing techniques.
Auto Bailout Package Should Be Ready Soon
Washington, DC, Dec. 15, 2008--President George W. Bush said it shouldn't take long to craft a bailout plan for the Detroit 3 automakers.
BASF Has New Facility in China
Huzhou, China, Dec. 15, 2008--BASF has a new construction chemicals production facility in Huzhou, China.
Familiar Companies Returning to Surfaces
Las Vegas, NV, Dec. 12, 2008--Oriental Weavers, Monticello International and Tarkett Residential, among others, will return to Surfaces in February after a brief hiatus.
Retail Sales Fall for Fifth Consecutive Month
Washington, DC, Dec. 12, 2008--U.S. retail sales dropped 1.8% in November for their fifth straight decline, the Commerce Department reported Friday.