Sika AG Buys Valspar Polymer Flooring Business
Baar, Switzerland, January 11, 2008--Sika AG has acquired the commercial and industrial polymer flooring business of The Valspar Corporation. The price was not disclosed.
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.
Mortgage Rates Hit Two-Year Low
Washington, DC, January 11, 2008—Interest rates on 30-year fixed rate mortgages fell to their lowest level since September 2005, according to Freddie Mac.
Consumer Confidence Takes Another Blow
Washington, DC, January 11, 2008—Consumer confidence hit an all-time low in early January, according to the RBC Cash Index.
Solutia Plans Bankruptcy Exit Financing Package
St. Louis, MO, January 9, 2008-- Solutia Inc. is planning to offer $400 million in senior unsecured notes as part of a $2 billion exit financing package when it emerges from Chapter 11 bankruptcy.
Mortgage Applications Up on Refinancings
Washington, DC, January 8, 2008—Propelled by heavy refinancing activity, mortgage applications rose 32.2 over the previous week, according to the weekly survey by the Mortgage Bankers Association.
Omnova Solutions Raises Latex Prices
Fairlawn, OH, January 10, 2008-- Omnova Solutions has announced a price increase of 5 cents per dry pound on styrene butadiene latex for carpet and related markets, effective Feb. 4.
Dow Increasing Latex Prices in U.S., Canada
Midland, MI, January 8, 2008--Effective Feb. 4, the Dow Carpet Latex business is increasing the prices.
SunTrust Analyst Likes Armstrong Stock
Atlanta, GA, January 8, 2008--SunTrust Robinson Humphrey initiated coverage on Armstrong World Industries (NYSE: AWI) with a buy rating and a $48 price target.
CAP Carpets Buys GCO Carpet Outlet Franchise
St. Louis, Missouri, January 9, 2008--On January 1, Kansas based CAP Carpet acquired a St. Louis, Missouri GCO Carpet Outlet franchise with four locations in the metropolitan area.
New Zealand Wool Industry To Get Marketing Group
Marble Hill, GA, January 7, 2008—New Zealand wool growers want more money for their product.