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.

NRI and Kinetics Noise Control Sign Agreement

Toronto, Ontario, August 8, 2006--NRI Industries, North America's largest manufacturer of recycled rubber products, announced today that it is has signed a partnership with Kinetics Noise Control.

Mats Important to India's Export

Bhavani, India, August 7, 2006--There is a third dimension to weaving export mats in this carpet town. Along with warp and weft, profit too gets woven.

India’s Child Labor Ban Seen as Unworkable

New Delhi, India, August 3, 2006— India has banned the employment of children in hazardous industries, but many continue to work in firework and match factories, or are involved in carpet weaving, embroidery or stitching footballs in wretched conditions.

Mortgage Application Volume Off

Washington, DC, August 2, 2006--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 28.

Saks to Sell Parisian Chain to Belk

Birmingham, AL, August 2, 2006--Saks Inc. continued to shrink Wednesday when it said it would sell its 38-store Parisian chain to Belk Inc. for $285 million cash.

Jobless Claims Off Last Week

Washington, DC, July 27, 2006-- Weekly jobless claims fell by 7,000 to 298,000 in the latest week, coming in below economists' expectations, the Labor Department said Thursday.

Feltex Running Out of Time

Wellington, New Zealand, July 27, 2006--Feltex Carpets shares collapsed to a new low yesterday after the company said it could not be sure of finding a new investor and, if it did, any restructuring deal would see the shares lose significant value.

Business Roundtable Supports SEC Rule Executive Pa

Washington, DC, July 27, 2006--Steve Odland, chairman & CEO of Office Depot, Inc., and chairman of Business Roundtable’s Corporate Governance Task Force, made the following statement today on behalf of Roundtable CEOs.

Louisiana-Pacific 2Q Earnings Off

Nashville, TN, July 27, 2006--Building products maker Louisiana-Pacific Corp., said its second-quarter profit fell, because of lower pricing for key building materials.

California Brothers Prosper in the Rug Business

Modesto, CA, July 25, 2006--Jay and Jack Mitri didn't know anything about rugs when they started selling them at flea markets 18 years ago. Now they own two stores and are considered rug experts.