Existing Home Sales Off 3.8% in June
Washington, DC, July 25, 2007 - Sales of existing homes fell in June but prices rose modestly as inventories eased, according to the National Association of Realtors.
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.
UK’s Victoria Carpets Upbeat
Kidderminster, England, July 25, 2007--As a survivor of the slump in Kidderminster’s traditional carpet industry, 110-year-old Victoria Carpets has had to learn to be faster, smarter and more flexible.
Louisiana-Pacific Post 2Q Loss
Nashville, TN, July 25, 2007--Louisiana-Pacific reported a los in the second-quarter the result of the housing slump and lower prices.
Mohawk Launches FloorCare Essentials Network
Adairsville, GA, July 25, 2007--Mohawk Industries has a vested interest in proper floor care. So do 35,000 retailers.
Ethan Allen 4Q Earnings Down 9%
Danbury, CT, July 25, 2007--Ethan Allen Interiors reported a 9% drop in fourth-quarter earnings, but hit analysts' profit estimate.
22% of World's Population Expected Online by 2011
New York, NY, July 25, 2007—JupiterResearch has found the worldwide online population will increase from 1.1 billion users in 2006 to 1.5 billion in 2011, representing 22% of the overall worldwide population in that year.
Solutia Shareholders Seek End of Exclusivity Perio
New York, NY, July 25, 2007—Solutia shareholders say they're "ready, willing and able" to come up with a reorganization plan superior to the chemical company's own, and are asking a bankruptcy court to clear the way for them to do so.
Mortgage Apps Hit 5 Month Low
Washington, DC, July 25, 2007--Mortgage loan application volume dropped by 3.6% to 609.on a seasonally adjusted basis for week ending July 20 from the prior week, according to the Mortgage Bankers Association.
CD&R Completes ServiceMaster Transaction
Memphis, TN, July 25, 2007--Clayton, Dubilier & Rice said it has completed a merger transaction providing for the acquisition of The ServiceMaster Co.
Foamex to Integrate Eddystone Operation into Fort
Linwood, PA, July 25, 2007--Foamex said it is expanding the capacity of its Fort Wayne, Indiana facility, which will allow its technical products business to integrate its Eddystone, Pennsylvania plant operations into the Fort Wayne facility.