Belgian Carpet Pioneer Lano Dies
Harelbeke, Belgium, Dec. 16, 2009--Pierre Lano, owner of the large Belgian carpet manufacturer bearing his name, died Dec. 9.
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.
Mortgage Applications Up Slightly Last Week
Washington, DC, Dec. 16, 2009--Mortgage application volume rose 0.3% last week, compared with the week before, as rates on 30-year fixed-rate mortgages increased, the Mortgage Bankers Association reported Wednesday.
Home Buyers Less Interested in Foreclosures
Irvine, CA, Dec. 16, 2009--Although interest remains high, home buyers are less willing to buy foreclosed properties than they were six months ago, according to a new survey.
QEP Swings to Third Quarter Profit
Boca Raton, FL, Dec. 16, 2009-- Q.E.P., a maker of flooring tools and accessories, reported third quarter net income of $2.2 million or $0.63 per share, compared with a net loss of $8.4 million or $ 2.48 per share a year ago.
Consumer Prices Edge Higher in November
Washington, DC, Dec. 16, 2009--U.S. consumer prices rose a seasonally adjusted 0.4% in November, as energy prices surged in the month, the Labor Department reported Wednesday.
Residential Construction Up in October
Washington, DC, Dec. 15, 2009--Residential construction was up 4 percent in October over September, according to the U.S. Census Bureau.
Tennant Opens Coatings Technical Center
Minneapolis, MN, Dec. 15, 2009--Tennant Company has opened its new Coatings Technical Center.
Carpetright Profits on The Rise
London, England, Dec. 15, 2009--A recovery in housing markets in Britain and Ireland has increased profits at Carpetright.
Rust-Oleum Buys Anti-Slip Flooring Maker
Medina, OH, Dec. 15, 2009--Rust-Oleum Corp., a unit of holding company RPM International Inc., said it purchased FibreGrid Ltd., a maker of anti-slip flooring, for an undisclosed sum.
Tai Ping To Use WONZ New Laneve Fiber
Marietta, GA, Dec. 15, 2009--Tai Ping said it will use Wools of New Zealand's Laneve fiber in select carpets and rugs sold throughout North America, Europe and Asia.