Oriental Weavers Income Rises 37 Percent
Cairo, Egypt, March 22, 2011 -- Rug maker Oriental Weavers reported a 37% increase in fourth-quarter income on higher sales and prices.
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.
Chain Store Sales Continue Upward Trend
New York, NY, March 22, 2011 -- U.S. weekly chain-store sales last week rose 3% compared with one year ago, according to the International Council of Shopping Centers and Goldman Sachs.
2011 Manufacturing Summit Announced
Dalton, Georgia, March 22, 2011—Congressman Tom Graves was at J+J/Invision today to announce the 2011 Manufacturing Summit to be held on May 19 at the Northwest Georgia Trade and Convention Center.
Capel Rugs Promotes Watras to Vice President
Troy, NC, March 22, 2011 -- Capel Rugs has promoted Tami Watras to the new position of vice president-product and creative director.
Housing Prices Fall in January, FHFA Says
Washington, DC, March 22, 2011 -- U.S. housing prices fell 0.3% in January, the Federal Housing Finance Agency reported Tuesday.
Analyst Says Armstrong Is a 'Top Pick'
New York, NY, March 22, 2011 -- RBC Capital Markets raised its rating on Armstrong World Industries to a "top pick."
WarmlyYours Names Marketing Director
Chicago, IL, March 22, 2011 -- WarmlyYours, makers of radiant electric heating systems for flooring, has named Kathryn Scott marketing director.
February Home Sales Lower Than Expected
Washington, DC, March 21, 2011 -- Sales of previously owned homes in the U.S. fell 9.6% in February to an annual rate of 4.88 million, according to the National Association of Realtors.
Treasury To Sell Its Mortgage Backed Securities
Washington, DC, March 21, 2011 -- The U.S. Treasury plans to sell its remaining $142 billion in holdings of mortgage backed securities that it purchased during the financial crisis.
Pfleiderer Reaches Agreement on Restructuring
Neumarkt, Germany, March 21, 2011 -- Pfleiderer AG said it has reached an agreement with its creditors' negotiating committee on the key points of the company's financial restructuring and refinancing.