Kaivac Cleaning Systems Get CRI Approval
Hamilton, OH, July 31, 2008-Kaivac, Inc. said that all of its No-Touch Cleaning systems have been awarded the Seal of Approval from the Carpet and Rug Institute for carpet extraction.
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.
ADP Employment Report Far Better Than Expected
Roseland, NJ, July 30, 2008--U.S. private sector jobs increased by 9,000 in July, according to the ADP national employment report.
Armstrong Earnings Edge Up, Wood Sales Plunge
Lancaster, PA, July 30, 2008--Armstrong World Industries reported second quarter net earnings of $52.4 million.
Armstrong Raising Resilient, Laminate Prices
Lancaster, Pa., July 30, 2008 – Armstrong today announced that it expects to implement price increases up to 10 percent on resilient and laminate flooring this fall.
Mortgage Applications Fall To Lowest Level of Year
Washington, DC, July 30, 2008--Mortgage application volume fell 14.1 percent during the week ending July 25 to its lowest level of the year as refinancing activity plunged, according to the Mortgage Bankers Association's weekly application survey.
Massive Housing Bill Becomes Law
Washington, DC, July 30, 2008--A massive housing bill to provide relief for roughly 400,000 homeowners and steady financial markets was signed Wednesday by President Bush.
Pfleiderer Will Miss Earnings, Sales Projections
Neumarkt, Germany, July 30, 2008--Pfleiderer AG. said it expects to miss its full-year sales and earnings projections by as much as 15 percent as global financial market conditions makes it harder to pass on higher raw material prices to customers.
Foamex Names Campbell to Board of Directors
Linwood, PA, July 30, 2008---Foamex International has named Andrew A. Campbell to its board of directors.
Centex Losses Mount, Revenues Down 40 Percent
Dallas, TX, July 29, 2008--Home builder Centex reported a fiscal first-quarter loss of $150.1 million, $1.21 a share, compared with a loss of $128 million, or $1.05 a share, in the same period the prior year.
Galleher Buys Distributor Floor Services Supply
Santa Fe Springs, CA, July 30, 2008 — In a move that broadens its service area throughout the state of California, Galleher Corp. said it has purchased the assets of Floor Services Supply.