Durable Goods Orders Rise, Defying Projections
Washington, DC, March 25, 2009--U.S. stocks rose after an unexpected increase in orders for durable goods spurred speculation the worst of the recession is over.
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.
FieldTurf Adds Manufacturing Facility in Georgia
Calhoun, GA, March 25, 2009 --FieldTurf has opened a new manufacturing facility in Calhoun, Ga.
Trade Group Warns Against New Global Warming Rules
Washington, DC, March 25, 2009--Energy-intensive manufacturing of steel, cement, chemicals and other products could move overseas without tax breaks or other subsidies, an industry coalition told lawmakers on Tuesday.
Topps Tiles Reports Lower Early Year Revenues
London, England, March 25, 2009--One of the UK's largest tile and wood flooring specialists Topps Tiles has reported a drop in revenue for the start of 2009.
About 18% of Mortgages Could Be Refinanced in '09
Washington, DC, March 25, 2009--Lower interest rates will entice about 18% of all U.S. households with mortgages to refinance this year, Jay Brinkmann, chief economist of the Mortgage Bankers Association, told the Wall Street Journal.
UK's Allied Carpets Purchased by Investment Fund
London, England, March 24, 2009--Allied Carpets, the UK's second-largest flooring retailer, has been acquired by an offshore investment fund, for an undisclosed sum.
Lower Rates Boost Refinancing Activity
Washington, DC, March 25, 2009--Mortgage refinancing application volume rose an unadjusted 41.5% last week, compared with the week before, the latest Mortgage Bankers Association survey results, released on Wednesday.
Orcon Corp. Closing Carpet Seaming, Tools Business
Union City, CA, March 23, 2009—Carpet seaming and tools supplier Orcon Corp. is closing that part of its business.
Cargo Handler Reports Slumping Business Worldwide
Dubai, UAE, March 25, 2009--Cargo handler DP World said that business at its ports dropped 8 percent through February.
EPA Says Carbon Dioxide a Danger to Health
Washington, DC, March 24, 2009--The Environmental Protection Agency has submitted a proposed finding to the White House indicating that carbon dioxide is a danger to public health.