CFI To Mark 15th Anniversary at Annual Meeting
Kansas City, MO, June 26, 2008--The Certified Floorcovering Installers Association will mark its 15th annivesary at its annual meeting July 31 to Aug. 2.
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.
UK's Victoria Carpet Says Profit Up 25 Percent
Kidderminster, England, June 26, 2008--Victoria Carpets said its pre-tax profit was up by more than 25 percent, to $6.9 million.
NAHB Supports Home Buyer Tax Credit
Washington, DC, June 26, 2008--The National Association of Home Builders has abandoned its support of a controversial provision in the Senate-passed bill that would have allowed builders to carry back their losses two additional years.
Foamex Begins Stock Rights Offering
Linwood, PA, June 26, 2008--Foamex International has begun its stock rights offering and second lien loan offering.
Fed Leaves Rates Unchanged
Washington, DC, June 25, 2008--The Federal Reserve left its key short-term fed funds interest rate unchanged Wednesday at 2 percent, the first time it held rates steady in the past nine months.
Dow Implements Another Major Price Increase
Midland, MI, June 25, 2008--Dow Chemical Co. said Tuesday that it was raising prices up to 25 percent.
New Home Sales Continue To Fall
Washington, DC, June 25, 2008--Sales of new single-family houses in May 2008 were at a seasonally adjusted annual rate of 512,000, 40.3 percent below last year.
Armstrong Names New VP and Controller
Lancaster, PA, June 25, 2008--Armstrong World Industries has named Stephen F. McNamara vice president and controller, effective July 1.
Designer Sues Williams-Sonoma Over Carpet Designs
New York, NY, June 25, 2008--A New York designer sued Williams-Sonoma Inc. for copyright infringement, claiming the retailer is selling carpets that are indistinguishable from rugs featuring her copyrighted designs.
Consolidated Carpet Moves Operations to New Jersey
New York, NY, June 24, 2008— After almost 30 years of being based in Brooklyn, Consolidated Carpet has moved its operations to a newly purchased 80,000 square foot corporate operations center.