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.
Omaha, NE, Sept. 24, 2008--Warren Buffett's Berkshire Hathaway Inc., the parent company of Shaw Industries, said Tuesday it investing at least $5 billion in Goldman Sachs Group Inc., a vote of confidence for one of the survivors of the credit crisis.
Bainbridge, GA, Sept. 24, 2008--American Fibers and Yarns filed for Chapter 11 bankruptcy protection on Tuesday and will close its plant in the next three weeks.
London, England, Sept. 24, 2008--Tile retailer Topps Tiles, the largest tile and wood specialist in the U.K., has renegotiated its banking covenants after sales tumbled by more than 13 percent in the last eight weeks.
Calhoun, GA, Sept. 23, 2008--Calhoun-based Bentley Dye Services Inc., the largest wool supplier in the U.S., has purchased 42 acres for a new polyester extrusion/yarn mill manufacturing facility, according to the Calhoun Times.
Kidderminster, England, Sept. 25, 2008--A potential carpet museum in Kidderminster has received a $3.15 million lottery grant.
Washington, DC, Sept. 24, 2008--Mortgage application volume retreated to sluggish levels last week as rising interest rates limited refinancing activity, according to the Mortgage Bankers Association.
Washington, DC, Sept. 23, 2008--The level of commercial/multifamily mortgage debt outstanding grew by 1.5 percent in the second quarter.
Washington, DC, Sept. 24, 2008--Existing-home sales were down in August following a healthy gain in July as tight mortgage credit curtailed activity, according to the National Association of Realtors.
Montmagny, Quebec, Canada, Sept. 1, 2008 - Mercier Wood Flooring has appointed Fred Hack sales representative for the Mid-Atlantic territory.
Seattle, WA, Sept. 24, 2008--The Professional Bowlers Association said it’s signed a three-year sponsorship deal for a “multimillion-dollar” amount with Lumber Liquidators, according to the Puget Sound Business Journal.