Merger of Benyon Sports, Defargo Completed
Montreal, Quebec, Canada, Sept. 9, 2008-- The merger of FieldTurf Tarkett companies Beynon Sports Surfaces and Defargo USA has been completed, the company said.
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.
Fannie, Freddie Bailout No Panacea for Housing
Washington, DC, Sept. 9, 2008--Although mortgage rates fell Monday on news of the bailout of Fannie and Freddie Mac, experts warned not to expect lower borrowing costs to suddenly revive the troubled housing market.
NAR Says Housing Outlook Cloudy
Washington, DC, Sept. 9, 2008-- In a sign that the U.S. housing market may weaken in coming months, an index of sales contracts on previously owned U.S. homes fell 3.2% in July from the prior month, the National Association of Realtors reported Tuesday.
H.B. Fuller Lowers Earnings Estimates
St. Paul, MN, Sept. 8, 2008--H.B. Fuller Company has lowered its earnings expectations for fiscal year 2008, reflecting the impact from rapidly rising raw material costs.
Small Business Confidence Continues Decline
San Francisco, CA, Sept. 9, 2008--Reflecting signs of a weaker economy and rising costs, small business owners' optimism continues to decline, according to the recent Wells Fargo/Gallup Small Business Index.
Analyst Downgrades Mohawk Shares
New York, NY, Sept. 8, 2008--An analyst downgraded shares of Mohawk Industries Inc. on its exposure to weakening U.S. nonresidential and European markets and the stock's summer surge.
Labor Market Likely To Remain Weak, Index Shows
Washington, DC, Sept. 9, 2008--The U.S. labor market will probably continue to weaken "well into 2009," according to the employment trend index released by the Conference Board.
Tighter Home Equity Forces Shift to Credit Cards
Washington, DC, Sept. 9, 2008--Consumer borrowing fell in July to the weakest pace in seven months.
Centiva Names Ross To Promote Green Story
Florence, AL, Sept. 9, 2008--Centiva has named Rhonda Ross executive vice president of public relations and green initiatives.
Mohawk Offering Convention Discounts
Dalton, GA, Sept. 8, 2008—Mohawk is offering dealers a $100 discount if they register early to attend the Mohawk Floorscapes or Mohawk ColorCenter Conventions.