Financial Executives Say Recession Very Likely
Washington, DC, April 18, 2008—Financial executives believe that turmoil in credit and housing markets will be the most significant threat to economic growth this 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.
Middle East Building Boom Fueling Domotex
Manama, Bahrain, April 18, 2008--A construction boom in Bahrain has led to a huge demand in professional flooring and carpets demand in the country.
Judge Clears Solutia's Payment of Legal Fees
New York, NY, April 18, 2008--A bankruptcy judge cleared Solutia Inc. to pay about $197 million to lawyers and other professionals despite government objections.
European Patent Office Confirms Välinge Technology
Viken, Sweden, April 17, 2008--The European Opposition Division at the European Patent Office has maintained three Välinge European patents related to the angling installation method.
Economic Indicators Rise, First Time in Six Months
Washington, DC, April 17, 2008--The index of leading U.S. economic indicators rose in March for the first time in six months.
Initial Jobless Claims Still Show Weak Market
Washington, DC, April 17, 2008—Initial jobless claims edged up in the latest week, according to the Labor Department.
Credit Crunch Spilling Over To Home Builders
Washington, DC, April 17, 2008--The mortgage credit crunch has spilled over into land acquisition, land development and home construction (AD&C) lending.
Irish Firm Carpeting Native American Casino
Belfast, Ireland, April 17, 2008--Ulster Carpets this week rolled out the carpet for a tribe of native Americans.
Feds Investigating Lead in Artificial Turf Fields
Washington, DC, April 17, 2008--The U.S. Consumer Product Safety Commission is investigating potential hazards from lead in some artificial turf sports fields.
Faus Names New Southwest Sales Manager
Calhoun, GA – Faus Group, Inc. has named flooring industry veteran Howard Jackson regional sales manager for the Southwest territory.