Iran's Tile Output Up 12 Percent
Tehran Iran, Sept. 8, 2008--Iran’s ceramic and tile production in the first five months of the current Iranian calendar year starting March 20 stood at 69.4 million square meters, a 12 percent growth over last year.
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.
Lower Earnings for South African Tile Maker
South Africa, Sept. 9, 2008--South African tile and sanitary ware manufacturer Ceramic Industries on Tuesday announced a 15.5 percent decline in headline earnings pershare for the year ended July 2008.
Indianapolis Buddy's Carpet to Close
Buddy's Carpet and Flooring, a four store chain in Indianapolis, Indiana is closing its doors according to Channel 8 TV in Indianapolis.
Feds Take Control of Fannie and Freddie
Washington, DC, Sept. 7, 2008--In the biggest government bailout in U.S. history, the Treasury said that government regulators are taking control of home mortgage giants Fannie Mae and Freddie Mac.
Lowe's CEO Niblock Echoes Home Depot Outlook
New York, NY, Sept. 5, 2008--Echoing concerns from his main rival, Lowe's CEO Robert Niblock warned that the housing market remains difficult, given high inventory of unsold homes, tight credit and rising unemployment.
Government Says Unemployment Surged in August
Washington, DC, Sept. 5, 2008--The U.S. unemployment rate unexpectedly surged to 6.1 percent in August, its highest in nearly five years, as employers cut payrolls for an eighth straight month.
Record Number of Homes in Foreclosure
Washington, DC, Sept. 5, 2008-- A record 1.249 million homes were in foreclosure during the second quarter of 2008, according to the Mortgage Bankers Association.
WFCA's Davis To Define 'Green' on Designing Spaces
Pompano Beach, FL, Sept. 5, 2008--Designing Spaces invited Kerry Davis from the World Floor Covering Association to share her expertise on the upcoming "Think Green" special edition of the show
Karastan Announces Winners of Photo Contest
Dalton, GA, Sept. 5, 2008—Karastan marked its 80th anniversary with a “Rug-ged America” photo contest, which ran from May through July.
Toll Brothers' Losses Mount as Revenues Fall
Horsham, PA, Sept. 4, 2008--Luxury home builder Toll Brothers reported a third quarter net loss of $29.3 million, or $0.18 per share, compared to net income of $26.5 million, or $0.16 per share a year ago.