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.
Washington, DC, March 25, 2009--Lower interest rates will entice about 18% of all U.S. households with mortgages to refinance this year, Jay Brinkmann, chief economist of the Mortgage Bankers Association, told the Wall Street Journal.
London, England, March 24, 2009--Allied Carpets, the UK's second-largest flooring retailer, has been acquired by an offshore investment fund, for an undisclosed sum.
Washington, DC, March 25, 2009--Mortgage refinancing application volume rose an unadjusted 41.5% last week, compared with the week before, the latest Mortgage Bankers Association survey results, released on Wednesday.
Union City, CA, March 23, 2009—Carpet seaming and tools supplier Orcon Corp. is closing that part of its business.
Dubai, UAE, March 25, 2009--Cargo handler DP World said that business at its ports dropped 8 percent through February.
Washington, DC, March 24, 2009--The Environmental Protection Agency has submitted a proposed finding to the White House indicating that carbon dioxide is a danger to public health.
Chattanooga, TN, March 24, 2009--The federal government moved Monday to secure the pensions for 3,300 workers and retirees of the bankrupt Propex Inc., according to a story in the Chattanooga Times-Free Press.
Marlborough, MA, March, 2009--American Profit Recovery, a collection agency based in Michigan and Massachusetts, has been endorsed by the North American Association of Floor Covering Distributors as a new Alliance Partner.
New York, NY, March 24, 2009--Chain-store sales for the week ended March 21 fell 1.4% from a year ago.
Winterhur, Switzerland, March 24, 2009--Rieter Group sales for 2008 declined by 20% to $2.8 biillon.