S&P May Cut Beazer Homes Debt Ratings
New York, NY, August 15, 2007--Standard & Poor's said it may cut its ratings on Beazer Homes, citing the home builder's delay in filing its third-quarter report due to accounting restatements.
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.
Contractworld Award 2008 Winners Announced
Hannover, Germany August 15, 2007--contractworld, the architecture and interior design exhibition and congress that takes place each year at Domotex Hannover, has announced the winners in its annual award competition.
Armstrong Hikes Prices for Commercial Luxury Vinyl
Lancaster, PA, August 15, 2007-- Armstrong Commercial Floor Products will increase prices by 6% on Natural Creations Luxury Vinyl Tile products effective with shipments made after August 31.
Shaw Laminates: Green by Design
Dalton, GA, August 13, 2007- Shaw announces that the company’s laminate flooring has environmental benefits.
Sprinturf Names New Board Member
Wayne, PA, August 14, 2007—Synthetic turf and artificial playing surface company Sprinturf has named Daniel J. Keating, III, chairman and CEO of The Keating Group, as the sixth member of the company’s newly formed board of directors.
Trade Deficit Narrowed in June
Washington, DC, August 14, 2007-- The trade deficit narrowed by 1.7% to $58.1 billion in June as exports set a record, according to the Commerce Department.
Karastan Revamps Installation Program
Dalton, GA, August 14, 2007--Since 1996, Karastan, in partnership with CFI, CEO, Jim Walker, has been combating the carpet industries’ biggest challenge - installation.
Mohawk Completes Columbia Asset Acquisition
Calhoun, GA, August 14, 2007--Mohawk Industries said it has completed the purchase of four wood flooring plants from Columbia Forest Products.
Chain Store Sales Down 0.9% Last Week
New York, NY, August 14, 2007--The International Council of Shopping Centers-UBS Retail Chain Store Sales Index was off 0.9% in the week ended August 11 from the prior week.
Producer Prices Up 0.6%
Washington, DC, August 14, 2007--The producer price index rose 0.6 % in July, following a 0.2% decline in June, according to the Labor Department.