Forbo Could Use Cash for Share Repurchase
Baar, Switzerland, March 22, 2012 -- Forbo Holding said it could repurchase as much as 10% of its outstanding shares.
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.
Hardwood Manufacturers Elect President, Officers
Pittsburg, PA, March 22, 2012 -- The Hardwood Manufacturers Association has elected Jack Shannon, Jr. of J. T. Shannon Lumber Co., Memphis, Tenn., president.
Architecture Billings Index Edges Up in February
Washington, DC, March 21, 2012 -- The Architecture Billings Index rose to 51.0 in February, from 50.9 the previous month, according to the American Institute of Architects.
Existing Home Sales Well Head of Last Year
Washington, DC, March 21, 2012 -- Existing home sales in February were up 8.8% over last year, according to the National Association of Realtors.
Omnova Solutions' First Quarter Income Surges
Fairlawn, OH, March 20, 2012 -- Chemicals firm Omnova Solutions reported net income for the first quarter was $12.7 million, or $0.28 per share, compared to $1.0 million, or $0.02 per share for the first quarter of 2011.
Mortgage Applications Slow as Rates Rise
Washington, DC, March 21, 2012 -- Mortgage application volume declined last week, led by a steep drop in refinancing demand as rates increased, according to the Mortgage Bankers Association.
Tandus Plants Win Georgia Safety Awards
Dalton, GA, March 21, 2012 -- Tandus Flooring won a first place Georgia Association of Manufacturers Safety and Performance Award for the company’s tufting facility.
Kronotex Gets Greenguard Certification
Barnwell, SC, March 21, 2012 -– Laminate flooring manufacturer Kronotex USA said its product line has earned Greenguard Indoor Air Quality Certification.
J&J Industries Names Two Directors, VP
Dalton, GA, March 20, 2012 -- Commercial carpet firm J&J Industries has named three new executives.
Home Construction Starts Down, Permits Rise
Washington, DC, March 20, 2012 -- Home construction starts fell 1.1% in February to an annual rate of 698,000, but permits rose 5.1%, the Commerce Department said.