Brazilian Tile Firm Eyes Middle Eastern Market
Santa Gertrudes, Brazil, Oct. 24, 2008--Brazilian group Embramaco, a maker of flooring and wall tiles, wants to expand in the Middle East.
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.
Tennant Earnings Rise on Overseas Growth
Minneapolis, MN, Oct. 24, 2008--Tennant Company reported third quarter net earnings of $14.0 million, or $0.76 per share, on net sales of $185.9 million for the third quarter ended Sept. 30.
Deutsche Bank Downgrades Pfleiderer Shares to Sell
Frankfurt, Germany, Oct. 24, 2008--Deutsche Bank downgraded shares of Pfleiderer from "hold" to "sell".
High Point Rug Market Has Fewer Introductions
High Point, NC, Oct. 24, 2008--The High Point Market is meeting or exceeding rug exhibitors' expectations. It has been slow, according to Furniture Today.
Online Video Series Gives Information on Concrete
Yucaipa, CA, Oct. 24, 2008 -- New online video series, "Floor Me," by The Concrete Network offers consumers information on concrete flooring options.
Consolidated Carpet Part of Three Honored Projects
New York, NY, Oct. 23, 2008--Consolidated Carpet was the flooring contractor for three separate projects that will be honored this year by New York Construction as part of the publication’s “Best Of” Annual Awards Program.
Foreclosures Continue To Rise, Depress Home Values
Irvine, CA, Oct. 23, 2008--The number of homes in the foreclosure process grew by more than 70 percent in the third quarter of this year compared with the same period in 2007, according to RealtyTrac Inc.
NAHB Calls for More Economic Stimulus
Washington, DC, Oct. 22, 2008--Congress should consider providing further “sorely needed” economic stimulus to encourage homeownership and limit foreclosures in order to pull the U.S. economy out of recession, NAHB Chief Economist David Seiders said.
Pulte Homes Suffers Eighth Consecutive Loss
Bloomfield Hills, MI, Oct. 23, 2008--Pulte Homes Inc., the third largest U.S. homebuilder, reported its eighth consecutive quarterly loss.
Initial Jobless Claims Rise More Than Expected
Washington, DC, Oct. 23, 2008--Initial jobless claims for unemployment benefits rose last week, a sign the deepening credit crisis is hurting employment.