Employment Takes Sharp Hit in February
Washington, DC, March 7, 2008--Employers cut 63,000 jobs in February, the most in five years and far higher than economists expected, according to the Labor Department.
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.
Unilin Accuses Pergo of Patent Infringement
Belgium, March 6, 2008—Following Pergo’s patent infringement complaint, Unilin said that its license agreement with Pergo for glueless locking systems was terminated according to the terms of their prior agreement.
Designer Contest For Reuse of Carpet Samples
Chattanooga, TN, March 6, 2008--Bentley Prince Street, Floor Focus magazine, and Tricycle Inc. are offering designers another chance to transform carpet samples into something useful, beautiful or just cool.
Feltex Closing Two New Zealand Plants
Wellington, New Zealand, March 7, 2008-- Feltex plants in Foxton and Feilding are closing.
Faus Files Patent Suit Against Berry, Alloc
Calhoun, GA , March 6, 2008-- Faus Group Inc. filed a lawsuit for patent infringement against Berry Floor NV and Alloc, Inc. and for breach of license agreement against Berry Finance NV.
Home Foreclosures Hit a Record Level
Washington, DC, March 6, 2008—The rate of foreclosures in the fourth quarter was the highest level in the history of the Mortgage Bankers Association’s quarterly delinquency survey.
Pending Home Sales Flat in January
Washington, DC, March 6, 2008—An index of pending sales of existing homes was flat in January.
Investment Firm Takes Stake in Solutia
Dallas TX, March 6, 2008--Highland Capital Management said it owns a 7.7 percent stake in specialty chemicals company Solutia Inc.
Mohawk, FloorExpo Form Builder Market Partnership
Chattanooga, TN, March 5, 2008--Mohawk Industries and FloorExpo have formed a comprehensive new partnership to serve the single-family new construction and multi-family markets.
Initial Jobless Claims Fall to Late January Level
Washington, DC, March 6, 2008-- Initial jobless claims fell to their lowest level since the second half of January.