Dow Acquiring Chemical Maker Rohm and Haas
Midland, MI, July 10, 2008--Dow Chemical Co. will buy chemicals maker Rohm and Haas Co. for more than $15 billion.
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.
June Foreclosure Filings Fall Slightly From May
Irvine, CA, July 10, 2008--Foreclosure filings last month grew by more than 50 percent compared with June 2007, according RealtyTrac Inc.
Analyst Downgrades H.B. Fuller
New York, NY, July 10, 2008--An analyst downgraded the shares of H.B. Fuller, a maker of sealants, paints and other specialty chemicals, citing a weak economy.
Mohawk Cuts Second Quarter Earnings Estimates
Calhoun, GA, July 9, 2008--Mohawk Industries cut its earnings outlook for the second quarter to $1.23 to $1.26 per share, down from its previous estimate of $1.36 to $1.45.
Mortgage Applications Up as Interest Rates Rise
Washington, DC, July 9, 2008--Applications for mortgages rose 7.5 percent last week compared with the week before as mortgage interest rates rose, according to the weekly survey by the Mortgage Bankers Association.
New Fed Rules To Crack Down on Shady Lending
Washington, DC, July 9, 2008--In its most significant response to the current housing crisis, the Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices.
Universal Fibers Again Sponsoring CARE
Bristol, VA, July 9, 2008--Universal Fibers has renewed its corporate sponsorship of Carpet America Recovery Effort (CARE) for a second straight year.
Momeni Expanding Atlanta, Las Vegas Showrooms
Carlstadt, NJ, July 9, 2008--Upscale rug maker Momeni has expanded both its Atlanta and Las Vegas showrooms in time for this summer’s market events.
H.B. Fuller Names Owens Senior Vice President
St. Paul, MN, July 9, 2008--H.B. Fuller Co., a maker of adhesives, sealants, paints and other specialty chemicals, said that James J. Owens will become senior vice president for the North American region on Sept. 2.
Välinge Signs Canadian, Indonesian Agreements
Viken, Sweden, July 9, 2008--Välinge has signed a global license agreement with Plancher Mondial Inc. and PT Tanjung Selatan.