Beige Book Report Shows Turnaround Months Away
Washington, DC, March 4, 2009--Business people see more pain ahead, expecting no improvement in economic conditions till late this year at the earliest.
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 Delinquencies at All-Time High
Washington, DC, March 5, 2009--Mortgage delinquencies rose by a record percentage in the fourth quarter of 2008, hitting 7.88% of loans outstanding, the Mortgage Bankers Association said Thursday.
Mohawk Closing Arkansas Columbia Hardwood Plant
Melbourne, AR, March 3, 2009--Mohawk has decided to shutter its hardwood flooring plant here.
Worker Productivity Fell in Fourth Quarter
Washington, DC, March 5, 2009--Worker productivity fell by a worse-than-expected amount in the fourth quarter while wage pressures shot up at the fastest clip in two years.
Factory Orders Down, But Less Than Anticipated
Washington, DC, March 5, 2009--Orders to U.S. factories fell for a record sixth straight month in January as demand fell across a wide cross-section of industries.
Brodsky Named To Cooperative Association Board
Manchester, NH, March 4, 2009--CCA Global co-CEO Howard Brodsky has been elected to the board of directors of the National Cooperative Business Association (NCBA), headquartered in Washington, DC.
Smith & Fong Names GM of Asian Operations
San Francisco, CA, March 5, 2009--Smith & Fong has named Stephen Sandor general manager of Asian operations.
Roppe Begins Using EcoScorecard Web Tool
Fostoria, OH, March 3, 2009--Roppe Corp. launched the ecoScorecard site, a web based tool that lets architects and designers find and spec Roppe products based on their environmental impact.
Canadian PTT Partnership Shuts Down
Montreal, Quebec, Canada, March 4, 2009--PTT Poly Canada Limited Partnership said it would permanently shut down operations at its plant in Montréal-East.
Toll Brothers Narrows Loss in First Quarter
Horsham, PA, March 4, 2009-- Luxury home builder Toll Brothers reported a first quarter net loss of $88.9 million, or $0.55 per share, which included pre-tax write-downs totaling $156.6 million.