Feltex Loses Investment Suitor
Wellington, New Zealand, July 5, 2006--An unidentified investor, believed to be Talley's Fisheries, has pulled out of a deal to recapitalize struggling carpet maker Feltex.
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.
Growth in Manufacturing Slows in June
Tempe, AZ, July 3, 2006--The manufacturing sector grew at a slower than expected pace in June, the Institute for Supply Management reported Monday.
Brussels Carpet Center Aims to Raise Awareness of
Brussels, Belgium, July 3, 2006--An Iranian businessman in Belgium has launched a self-initiative to promote not only the sale but also the history, art and value of Iranian carpets in Europe.
Jobless Claims Up 4,000
Washington, DC, June 29, 2006--First-time applications for state unemployment benefits rose by 4,000 to 313,000 in the week ending June 24, the Labor Department said Thursday.
Educational Seminars Las Vegas Market
Las Vegas, NV, June 28, 2006--Seminars on the latest in design trends and colors, in addition to innovative business approaches, will highlight the Las Vegas Market, to be held July 24 – July 28, 2006.
Mortgage Rates Increase, Application Volume Declin
Washington, DC, June 28, 2006--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 23.
Bassett 2Q Earnings Nearly Triples
Bassett, VA, June 27, 2006--Bassett Furniture said Tuesday that profit nearly tripled during the second quarter, as higher sales and fewer costs helped boost results.
Carpetright Earnings Off
London, England, June 27, 2006--Carpetright's annual profits have tumbled 11 per cent following last year's slowdown in the UK housing market.
Tricycle Wins IIDA Booth Award at NeoCon
Chicago, IL, June 27, 2006--At NeoCon 2006, sustainable design company Tricycle, Inc., received IIDA honors for best booth design for the third year in a row.
LG Floors Extends Deco Stone Line
Kenilworth, NJ, June 27, 2006--LG Floors extended its Deco Stone luxury vinyl tile commercial flooring line with the introduction of two new collections--called Orbit and Camelot.