Credit Card Defaults Continue To Rise
New York, NY, Sept. 16, 2009-- Three of the largest credit-card lenders said defaults climbed in August as the unemployment rate increased and the impact of tax refunds lessened.
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.
Little Sign of Inflation in Government Report
Washington, DC, Sept. 16, 2009--Consumer prices increased 0.4 percent in August, bolstering the Federal Reserve’s view that inflation will be contained.
Belgian Firm IVC To Manufacture in Georgia
Dalton, GA, Sept. 14, 2009--Resilient flooring firm IVC has been identified as the Belgian company that is planning a manufacturing facility in Dalton, Ga.
Shaw Expanding Carpet Operations in Calhoun, Ga.
Dalton, GA, Sept. 14, 2009--Shaw Industries said it is expanding its carpet manufacturing operations in Calhoun, Ga.
Retail Sales Up Most in Three Years
Washington, DC, Sept. 15, 2009--U.S. retail sales rose 2.7% in August, the biggest increase in more than three years, boosted by government subsidies for cars, higher gas prices and busy crowds at the malls, the Commerce Department estimated Tuesday.
Beaulieu Commercial Gets Green Power Award
Adairsville, GA, Sept. 15, 2009--Beaulieu Commercial was honored with a 2009 Green Power Leadership Award by the U.S. Environmental Protection Agency on Sept. 14 at the annual Green Power Leadership Awards ceremony in Atlanta.
Moody's Downgrades Mohawk Senior Unsecured Debt
New York, NY, Sept. 15, 2009--Moody's Investors Service on Monday downgraded Mohawk Industries Inc.'s senior unsecured notes rating, after the floor covering maker entered into a $600 million secured ABL revolving credit facility.
Mohawk Group Expanding Re:work Program
Marietta, GA, Sept. 15, 2009--The Mohawk Group is expanding its free Re:work career workshop series for architects and designers who may have a job today, but are unsure about tomorrow.
Maples Offering PET Fiber Rugs
New York, NY, Sept. 15, 2009--Maples Rugs has added its first recycled fiber product to its offering, using Beaulieu of America’s “Soft Green Smart” rug fiber.
Reed Construction Says Project Starts To Fall
Norcross, GA, Sept. 15, 2009--Reed Construction Data senior economist Jim Haughey is forecasting a decline in construction spending and project starts in the next six months.