Foamex Expects Earnings To Meet Credit Requirement
Linwood, PA, February 19, 2008--Foamex International Inc. said that it expects earnings for Foamex L.P., the company’s primary operating subsidiary, to be in compliance with its financial covenants.
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.
Countrywide Foreclosure Rates Nearly Double
Calabasas, NY, February 18, 2008--Countrywide Financial Corp. said the foreclosure rate on the mortgages it services nearly doubled in January from the previous year.
Tarkett Raising Prices on Commercial Tile
Houston, TX, February 15, 2008--Tarkett said it will raise prices on its commercial resilient tile.
Solutia May Have Upper Hand Against Lenders
New York, NY, February 18, 2008--Solutia's bankruptcy lenders who are being sued for backing out of the deal could have a difficult time addressing the main issue in the case, a law professor told ICIS News.
New Zealand's Cavalier Reports Profit Increase
Auckland, New Zealand, February 18, 2008--Carpet maker Cavalier Corporation said profits rose 7 percent for the second half of the year ended in December.
Low & Bonar Sees Profit Nearly Double
London, England, February 18, 2008-- Low & Bonar Plc, the U.K. flooring and fabrics maker with U.S. operations, said full-year profit almost doubled due to its acquisitions to expand in textiles.
Consumer Sentiment Lower Than Expected
Ann Arbor, MI, February 15, 2008--U.S. consumer sentiment fell in February, according to the consumer sentiment survey released Friday by University of Michigan and Reuters.
Home Sales, Prices Plummet in Fourth Quarter
Washington, DC, February 15, 2008--Sales of existing homes fell across the country during the fourth quarter, with metropolitan areas showing continuing weakness, according to the National Association of Realtors.
Mohawk Dealer Wins $50,000 in Convention Game
Orlando, FL, February 15, 2008--Todd Wenner, a Mohawk Colorcenter Elite dealer, won $50,000 in a dice game during Thursday night’s Sales Extravaganza event at the Annual Colorcenter Convention.
Home Builders Launch Green Building Program
Orlando, FL, February 14, 2008 - The National Association of Home Builders has launched the NAHB National Green Building Program, an education, verification and certification program that will allow builders anywhere to build green homes.