Forbo Reports Results through Third Quarter
Eglisau, Switzerland, Oct. 28--Forbo's business development picked up slightly in the third quarter.
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.
Pergo Reports on First Nine Months
Trelleborg, Sweden, Oct. 27--In the first nine months of 2003, Pergo reported net sales of 2.07 billion Swedish Kronas (US $266.9 million), a decline of 4%, excluding currency effects, compared with the preceding year.
BP Posts Strong Earnings Gain
London, U.K., Oct. 27--BP said its profit rose 25% in the third quarter, boosted by higher crude-oil prices.
Customer Loyalty Study Pinpoints Service
Indianapolis, IN, Oct. 28--A national customer loyalty study by Indianapolis-based Walker Information has found that while 90 percent of consumers say they are satisfied with their retail store, fewer than half are truly loyal to that store.
Group Wants Pillowtex Plant
Kannapolis, NC, Oct 27--An investment group led by a Rowan County businessman plans to buy the vacant Pillowtex Plant 4 on South Main Street and may buy the company's shuttered Rockwell plant.
Vajpayee to Inaugurate World Conference on Handmad
New Delhi, India, Oct 27--(PTI) Indian Prime Minister Atal Bihari Vajpayee will inaugurate the first World conference on hand made rugs beginning November 4.
Price Threatens Fabric of Cotton Industry
New York, Oct. 27--The price of underwear or sheets might not be going up anytime soon, but world cotton prices -- at their highest in five years -- may be sounding the death knell for the U.S. textile industry, experts say.
Freddie Mac Under Fire
Washington, D.C., Oct. 27--Recent accounting and management issues at Freddie Mac have triggered an opportunistic onslaught against the housing government sponsored enterprises (GSEs) that not only ignores the will of the people and the intent of decades
Copies fuel slump in Persian carpets
Tehran, Iran, Oct. 27--Iran's painstakingly woven carpets are surrendering their global marketshare to foreign copies from the likes of India and China, a trend fomenting discontent among Tehran's politically powerful market traders, according to
Ohio Stone Flooring Maker's Business Booming
Youngstown, OH, Oct. 24--Russ Masetta is building a flooring empire out of epoxy and pebbles.