Greenspan Sees Housing Rebound Next Year
Washington, DC, Oct. 10, 2008--Former U.S. Federal Reserve Chairman Alan Greenspan wrote in an article for Emerging Markets newspaper that the U.S. housing market will recover in the first half of 2009.
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.
Chain Store Sales Grow Slowly in September
Washington, DC, Oct. 10, 2008--U.S. chain store sales rose at the slowest pace in seven years in September as consumers retrenched in the face of a global financial crisis and ailing economy, an industry group said Thursday.
Dixie Group Anticipates Loss, Begins Cost Cutting
Chattanooga, TN, Oct. 9, 2008 -- The Dixie Group Inc. said that third quarter earnings won't meet analyst expectations.
Tandus Honors County Recycling Effort
Dalton, GA, Oct. 2008 – Tandus has recognized Barrow County Board of Education with its Environmental Stewardship Award for the board’s commitment to recycling.
Shaw Closing Trenton, Georgia Yarn Facility
Dalton, GA, Oct. 9, 2008 – Shaw Industries said it will close a spun yarn facility in Trenton, Ga.
Mannington Denies Metroflor Patent Claim
Salem, NJ, Oct. 10, 2008--Mannington says its Adura LocnGo flooring does not infringe on Metroflor's patent, despite Metroflor's claims.
Hakatai Joins U.S. Green Building Council
Ashland, OR, Oct. 10, 2008--Hakatai said it is now a member of the U.S. Green Building Council, sponsor of the Leadership in Energy and Environmental Design certification program.
Consumer Borrowing Tanks as Credit Market Freezes
Washington, DC, Oct. 9, 2008--Consumer borrowing unexpectedly fell in August by the most on record as banks shut off access to loans, a report from the Federal Reserve showed.
Välinge Signs Brazilian Wood Flooring Firm
Viken, Sweden, Oct. 9, 2008--Välinge Innovation has signed a global license agreement with Triangulo Pisos e Paineis LTDA for use of its locking system.
Initial Jobless Claims Fall But Still Too High
Washington, DC, Oct. 9, 2008--Initial jobless claims for unemployment benefits dropped last week from a seven-year high, the Labor Department said Thursday, though they remain at elevated levels that indicate recession.