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.
Washington, DC, May 7, 2008--The House is scheduled to vote today on a broad housing rescue package aimed at preventing foreclosures by having the government step in to insure up to $300 billion in new mortgages for struggling homeowners.
New York, NY, May 6, 2008--Federal Reserve Chairman Ben Bernanke warned Monday that the growing number of late mortgage payments and home foreclosures are dangerous for the national economy.
Trevose, PA. May 7, 2008--Pure Earth Inc. said it has completed the acquisition of Nycon, Inc. and changed its name to New Nycon Inc. Terms of the transaction were not disclosed.
Zurich, Switzerland, May 7, 2008--A slow market for textile machinery has prompted The Rieter Group to revise its expectations downward for the current financial year.
Atlanta, GA, May 7, 2008--Beazer Homes received a default notice from the Bank of New York Trust Company National Association on April 30.
Lawrence, MA, May 7, 2008 —Nora Systems Inc., manufacturer of Nora rubber flooring, is now recommending that a member of the International Standards and Training Alliance (INSTALL) install its products.
Fort Worth, TX, May 6, 2008--Homebuilder D.R. Horton said it swung to a loss in the second quarter, as a sustained housing slump forced the nation's largest homebuilder to take significant charges and write down the value of property.
New York, NY, May 6, 2008--Oil futures rose to an all-time high near $121 a barrel today.
Lancaster, PA, May 6, 2008--Armstrong Laminate Floors star alongside Hollywood legends in a new advertising print campaign that puts the spotlight on the extraordinary realism and quality of the company’s premium laminate floors.
New York, NY, May 6, 2008--A Goldman Sachs analyst predicted that oil prices could reach $150 to $200 a barrel over the next two years.