Consumer Sentiment Keeps Falling
New York, NY, Feb. 24, 2009--Consumer sentiment fell more than expected in February, to the lowest level since its 1967 inception, the Conference Board 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.
Toll Brothers Offering Mortgage Protection Plan
Horsham, PA, Feb. 24, 2009--High-end homebuilder Toll Brothers Inc. is offering a mortgage protection plan that will cover a buyer’s mortgage for up to six months if there is a job loss, the company said.
Invista Reaches Agreement With Union
Waynesboro, VA, Feb. 23, 2009--Invista and the United Workers Inc. union have reached a tentative contract agreement that would keep more workers on the job in Waynesboro.
Cavalier Carpet Sees Lower Earnings
Auckland, NZ, Feb. 23, 2009--Cavalier Carpets reported a 7 percent decline in interim profit, cut its dividend, and forecast a 30 to 40 percent fall in annual profit.
NABE Economists Predict Significant Contraction
Washington, DC, Feb. 23, 2009--The U.S. unemployment rate -- now at 7.6 percent -- is expected hit a peak of 9 percent this year, according to the National Association for Business Economics.
International Design Guild Honors Suppliers
Manchester, NH, Feb. 22, 2009—International Design Guild hosted its annual 2009 Winter Summit at the Venetian Hotel in Las Vegas, Nevada on Thursday, Feb. 5 during Surfaces.
Jack Paton, Former Head of Barwick Industries Dies
Acworth, GA, Feb. 20, 2009--Jack Paton, 70, of Acworth, GA, died Feb. 20, after a brief battle with lung cancer.
Florida Tile To Distribute ProSpec Products
Lakeland, FL, Feb. 23, 2009--Florida Tile and ProSpec have established a strategic partnership that makes Florida Tile the official distributor of the ProSpec brand.
Lowe's To Test Smaller Format Store
Mooresville, NC, Feb. 23, 2009--Lowe's Cos. will test a downsized format for use in smaller markets, executives said at the company’s fourth quarter conference call.
UK Recycling Firm Advances in Contest
Manchester, England, Feb. 23, 2009--Anglo Recycling Technology Ltd. has been named “Best UK Family Business, Northern England and the Midlands Region.”