Economy Slows To a Crawl in Fourth Quarter
Washington, DC, February 28, 2008—The economy slowed substantially in the fourth quarter of last year, hit by problems in the housing and credit markets.
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.
Armstrong Making New BioBased Tile in Mississippi
Jackson, MS., February 28, 2008 – Armstrong has begun manufacturing its new BioBased Tile in Jackson, Miss.
Mortgage Rate Reversal Erases January Declines
Washington, DC, February 28, 2008 -- Mortgage rates continue to rise and have returned to November levels.
Solutia Will Exit Bankruptcy on Thursday
St. Louis, MO, February 26, 2008-- Solutia Inc. said Tuesday it has received court approval for its $2.05 billion exit financing package and the company plans to emerge from Chapter 11 bankruptcy on Thursday.
Billings Hospital To Recycle 90k Pounds of Carpet
Billings, MT, February 28, 2008--A Billings, Montana clinic plans to recycle 90,000 pounds of carpet.
First Time Jobless Claims Rise 19,000 Last Week
Washington, DC, February 28, 2008—Initial jobless claims rose 19,000 last week.
Rug Decor Makes Entrepreneur Franchise List
St. Louis, MO, February 28, 2008 --Rug Décor has been named to Entrepreneur magazine's Franchise 500 listing, coming in at number 369.
Dal-Tile Signs Deal for Industrial Space
Dallas, TX, February 28, 2008--Dal-Tile Corp., a manufacturer of stone and ceramic tile products, has signed a deal to occupy 148,827 square feet in Orlando, Fla.
Real Estate Execs To Address Senate Committee
Washington, DC, February 28, 2008--Real estate executives are scheduled to testify at a Senate Finance Committee hearing Thursday.
Solutia, Bondholders, Reach Agreement
New York, NY, February 28, 2008--A Manhattan bankruptcy judge has approved Solutia Inc.'s $220.5 million settlement with a group of bondholders.