Builder Confidence Slides in August
Washington, DC, August 15, 2007 - Highly visible problems in the housing finance system are contributing to a wait-and-see attitude among prospective home buyers and reducing builder confidence.
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.
Q.E.P. Receives Notification from Nasdaq
Boca Raton, FL, August 15, 2007--Q.E.P. Co., Inc. said that it had received a letter from the NASDAQ stock market notifying the company that it is not in compliance with Nasdaq's rules regarding the composition of its audit committee.
Housing Starts Drop 6.1% to 10-Year Low
Washington, DC, August 16, 2007—Housing starts in July fell 6.1% to an annual rate of 1.38 million, the lowest rate in decade, according to a Commerce Department report.
Restoration Industry Fall Conference Expanded
The Restoration Industry Association (RIA) Fall Conference Series October 23-27 has been expanded to incorporate its three professional industry divisions: carpet, rug and textiles; environmental remediation; and disaster restoration.
J.C. Penney 2Q Earnings Up
Plano, TX, August 16, 2007--J.C. Penney reported second-quarter earnings that edged up nearly 2% to $182 million, or $0.81 per share, from $179 million, or $0.76 per share, a year ago.
Report: Online Recruitment Activity Edged Down
New York, NY, August 16, 2007--Online job availability declined in 14 of the top 28 U.S. metro markets and remained flat in another 10 cities during July.
NYC Office Receives LEED Silver Status
Washington, DC, August 16, 2007--The New York City Office of Emergency Management (OEM) headquarters has been awarded Leadership in Energy and Environmental Design (LEED) Silver certification.
Solutia Doing Well After 3 Years of Bankruptcy
St. Louis, MO, August 16, 2007--Solutia Inc. said it is doing well and marshalling resources, filling vacant wings of its headquarters with energized executives and new hires.
In Memoriam--Bud Seretean
London, England, August 14, 2007--M.B. "Bud" Seretean, founder and former CEO of Coronet Industries, died August 12 in London after suffering an aneurysm.
J. Mish Moves to Cartersville
Atlanta, GA, August 14, 2007—J. Mish has moved its manufacturing plant and headquarters to a new 70,000 square-foot facility in Cartersville, Georgia. .