Mortgage Help Part of Fed Bailout Package
Washington, DC, Sept. 23, 2008--Key Democrats and Bush administration officials agreed Monday to include mortgage help for stressed homeowners in the proposed $700 billion financial bailout package.
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.
Carpetright Stock Falls on 'Cautious' Outlook
London, England, Sept. 23, 2008--Carpetright Plc had its shares slide as much as 7.1 percent in London trading after saying it remains ``cautious'' on the outlook for the year because of deteriorating financial and housing markets.
Home Builder Lennar Sees Revenues Tumble
Miami, FL, Sept. 23, 2008--Lennar Corp. said cost cutting helped narrow its loss in the third-quarter, but revenue fell by more than half.
Arrmstrong CEO Named to Railroad Board
Lancaster, PA, Sept. 23, 2008--Armstrong World Industries Inc. CEO Michael D. Lockhart has been elected to the board of freight railroad operator Norfolk Southern Corp.
Mohawk Looking for Greenworks Dealer of Year
Dalton, GA, Sept. 22, 2008—Mohawk is taking nominations for its first GreenWorks Dealer of the Year Award.
DuPont CEO Stepping Down
Wilmington, DE, Sept 23, 2008--DuPont's CEO Charles Holliday Jr., announced Tuesday that he is stepping down after 10 years in which he changed the company into a science-based products and services company.
Texas Commercial Flooring Company Expanding
Austin, TX, Sept. 23, 2008--One of the region’s largest commercial flooring companies is about to get bigger, according to a story in the Austin Business Journal.
Few Surprises in Harvard Study on Building Cycles
Cambridge, MA, Sept. 22, 2008--The Harvard Joint Center for Housing Studies recently released a report on residential building cycles and the correlation between home construction and remodeling.
Lowe's Expected To Announce Expansion Cutbacks
Mooresville, NC, Sept. 22, 2008--Lowe's is expected to announce this week that it is curbing its ambitious expansion plans, according to the Wall Street Journal..
Mannington Looking at Alternative Electricity
Salem, NJ, Sept. 22, 2008--Mannington Mills and Alliance Recovery Corporation want to locate a technologically advanced alternative energy electrical generation facility on Mannington’s property in New Jersey.