Foamex Gets OK for $95 Million in DIP Financing
Media, PA, March 18, 2009--Foamex International said that the U.S. Bankruptcy Court has granted final approval for up to $95 million in debtor-in-possession financing.
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.
Universal Fibers Wins First Bloom Award
Bristol, VA, March 18, 2009--Universal Fibers has been presented with the first annual Bloom Award for Flooring.
OW Names New Southeast Sales Manager
Dalton, GA, March 18, 2009--Industry veteran David Moss has joined Sphinx by Oriental Weavers as sales manager for the company’s southeast region.
Refinancing Up as Mortgage Applications Increase
Washington, DC, March 18, 2009--Mortgage application volume last week rose a seasonally adjusted 21.2% compared with the week before, driven by a surge in refinancing activity, the Mortgage Bankers Association said Wednesday.
NAHB, Large Homebuilders, Agree To Keep Talking
Washington, DC, March 18, 2009--Jerry Howard is still president and CEO of the National Association of Home Builders for now.
Consumer Prices Rise on Higher Gasoline
Washington, DC, March 18, 2009--The cost of living rose in February on higher gasoline and apparel prices, government data showed on Wednesday.
Välinge Signs Chinese Firm Power Dekor
Viken, Sweden, March 18, 2009--Välinge said that Chinese producer Power Dekor is a new licensee.
Housing Starts, Permits, Rise Unexpectedly
Washington, DC, March 17, 2009--Housing starts in February rose sharply, defying economists' forecasts for yet another drop in activity.
Non-Profit RugMark Adds Seven Licensees
Washington, DC, March 18, 2009--Seven North American rug companies recently joined RugMark to help put an end to exploitive child labor in the handmade rug industry.
Forbo Flooring Systems' Operating Earnings Rise
Baar, Switzerland, March 17, 2009--The Forbo Group said it posted sales of $1.64 billion in 2008, just below the previous year’s level of $1.69 billion.