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.

Propex Gets Approval To Use Loan for Operations

Propex Gets Approval To Use Loan for Operations

Chattanooga, TN, February 14, 2008--Propex Inc. won final court approval Wednesday to use all of its $60 million loan to keep its manufacturing business operational during its Chapter 11 bankruptcy case.

Bernanke Hints at More Rate Cuts

Bernanke Hints at More Rate Cuts

Washington, DC, February 14, 2008--Federal Reserve Chairman Ben Bernanke the economy has deteriorated and hinted that the central bank is ready to keep on lowering interest rates.

Homebuilding Not Likely to Rebound This Year

Homebuilding Not Likely to Rebound This Year

Orlando, FL, February 13, 2008-- Housing starts could drop another 30 percent in 2008, matching last year’s sharp drop, according to a forecast by the National Association of Home Builders presented at the organization’s annual convention.

Initial Jobless Claims Fall in Week

Washington, DC, February 14, 2008--First-time jobless claims fell for the second consecutive week, after a large increase late last month, the Labor Department reported Thursday.

Solutia Seeks Citi Testimony on Exit Financing

Solutia Seeks Citi Testimony on Exit Financing

Philadelphia, PA, February 13, 2008 — Solutia Inc. wants to force Citigroup Inc. Chief Executive Vikram Pandit to answer questions about his firm's decision to back out of $2 billion worth of promised Chapter 11 exit financing.

Small Business Optimism Falls to 1991 Levels

Washington, DC, February 13, 2008 -- The National Federation of Independent Business Index of Small Business Optimism fell 2.8 points in January to 91.8, the lowest reading since January 1991.