Irish Tile Retailer Goes Out of Business
Belfast, Ireland, Dec. 31, 2008--Retailer Tile Market has reportedly laid off all of its workers after being placed in voluntary liquidation.
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.
GM Financing Arm Gets Separate Bailout
Washington, DC, Dec.30, 2008--The Treasury Department said Monday that it will provide $5 billion to GMAC Financial Services LLC, the ailing financing arm of General Motors Corp., from the $700 billion bank rescue program.
NAFCD Joins 'Fix Housing First' Advocacy Group
Chicago, IL, Dec. 31, 2008--The North American Association of Floor Covering Distributors (NAFCD) has joined Fix Housing First Coalition, an advocacy group pushing for Congressional aid to the housing market.
Analysts Give Pfleiderer 'Buy' Rating
Munich, Germany, Dec. 30, 2008--Analysts at EURO am Sonntag recommend buying the shares of Pfleiderer as a long term investment.
Flooring Sales To Get Boost from China, India
Cleveland, OH, Dec. 30, 2008--World demand for flooring is projected to climb 4 percent annually through 2012 to 15.2 billion square meters, valued at $178 billion, according to a new report.
Berkshire Hathaway Sitting on Pile of Cash
New York, NY, Dec. 30, 2008--Twenty of the largest listed companies in the world are sitting on a combined cash pile of $570 billion, demonstrating how some of the world’s biggest groups retain substantial firepower in the current downturn.
Kuwait Cancels Joint Project With Dow Chemical
Kuwait City, Kuwait, Dec. 29, 2008--Kuwait canceled a $17.4 billion joint venture with Dow Chemical after criticism from lawmakers that could have led to a political crisis in this small oil-rich state.
Surfaces Again Features Education Lineup
Dallas, TX, Dec. 29, 2008--The 2009 Surfaces Education Program will again have an accomplished lineup of industry educators sharing their expert knowledge.
Obama Team Sees Deteriorating Economy
Washington, DC, Dec. 29, 2008--Top advisers to President-elect Barack Obama said Sunday that the short term economic situation is likely to deteriorate more than previously forecast, with double-digit unemployment likely.
Analysts Expect Another Weak Manufacturing Report
Washington, DC, Dec. 29, 2008-- With low demand and the ongoing recession, analysts are looking for December data on manufacturing to remain near its lowest level in 26 years.