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.
Atlanta, GA, September 29, 2006--A federal appeals court ruled Thursday that one of the world's largest carpet makers can be sued under racketeering laws over allegations of hiring thousands of illegal immigrants and depressing wages.
Calhoun, GA, September 28, 2006--Faus Group, Inc. announced today the signing of an agreement with Melmart Distributors Inc. to begin the Canadian distribution of the Fausfloor laminate flooring program in November 2006.
Washington, DC, September 27, 2006-- Sales of new homes increased 4.1% in August to a seasonally adjusted annual rate of 1.05 million from a three-year low in July, the Commerce Department reported Wednesday.
Lansdowne, VA, September 27, 2006--Lowe's, which warned on its full-year results earlier this week, expects it could take as long as 12 to 18 months for the slowdown in the housing market to stabilize.
Bologna, Italy, September 26, 2006-- Over 1,000 exhibits from 30 different countries will present the cream of world ceramic tiles for architecture and bathrooms starting September 26, in the Bologna exhibition venue.
New York, NY, September 26, 2006--The Conference Board Consumer Confidence Index, which decreased sharply in August, posted a gain in September. The Index now stands at 104.5 (1985=100), up from 100.2 in August.
Mooresville, NC, September 25, 2006--Lowe's after Monday's closing bell said it now expects fiscal 2006 per-share earnings at the lower end of its outlook of $2.00 to $2.07.
Wellington, New Zealand, September 25, 2006--The receiver for the carpetmaker Feltex is now in New Zealand to begin the process of finding a buyer, according to Radio New Zealand.
Washington, DC, September 21, 2006--Manufacturing in the Philadelphia region stalled in September, the Federal Reserve Bank of Philadelphia reported Thursday.
Charlotte, NC, September 21, 2006--BASF announced today that it has, effective September 18, 2006, or as contracts allow, raised prices by four cents per dry pound in the U.S. and Canada on all Styrofan carboxylated styrene-butadiene emulsion polymer prod