Lending Banks Support Pfleiderer Restructuring
Neumarkt, Germany, Dec. 22, 2010 -- Pfleiderer AG said it is receiving support from its lending banks with its restructuring process.
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.
Analyst Raises Estimates for Interface
New York, NY, Dec. 22, 2010 -- Analyst Stifel Nicolaus said it is raising earnings estimates for carpet tile maker Interface.
Existing Home Sales Rise 5.6% in November
Washington, DC, Dec. 22, 2010 -- House resales rose 5.6% in November to a rate of 4.68 million, the National Association of Realtors said Wednesday.
Mercier Signs Jaeckle for Midwest Distribution
Montmagny, Quebec, Canada, Dec. 22, 2010 -- Mercier Wood Flooring said it has signed Jaeckle for distribution in Midwest.
Third Quarter GDP Revised Slightly Higher
Washington, DC, Dec. 22, 2010 -- The Commerce Department said the country's gross domestic product rose 2.6% between July and September, up slightly from its earlier estimate of 2.5%.
Oil Prices Briefly Back Above $90
New York, NY, Dec. 22, 2010 -- Oil prices rose back above $90 a barrel Wednesday in Asia after a report showed U.S. supplies dropped more than expected for a second week.
Mortgage Applications Down on Rising Rates
Washington, DC, Dec. 22, 2010 -- Mortgage application volume fell to its lowest level in nearly a year as rising interest rates took a significant toll on demand, according to the Mortgage Bankers Association.
Wood Flooring Exports to Middle East Growing
Washington, DC, Dec. 22, 2010 -- The American Hardwood Export Council said that 2010 is shaping up to be a record breaking year for American hardwood exports to the Middle East.
FieldTurf, Morton Form Turf Fiber Joint Venture
Montreal, Canada, Dec. 22, 2010 -- FieldTurf and Morton Extrusionstechnik said they have formed a joint venture to develop and produce innovative artificial turf fiber technology.
Shaw, HGTV Team on Exclusive Flooring Line
Dalton, GA, Dec. 21, 2010 -- Shaw Industries and HGTV said they will launch an exclusive flooring line labeled “HGTV Home-Flooring by Shaw.”