Forbo Flooring Systems' Operating Earnings Rise
Baar, Switzerland, March 17, 2009--The Forbo Group said it posted sales of $1.64 billion in 2008, just below the previous year’s level of $1.69 billion.
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.
Spending Stimulus Money Easier Said Than Done
Washington, DC, March 17, 2009--The federal government wants the states to begin spending stimulus money as quickly as possible but rules about how to spend the money are still being formulated and the states are hesitant to proceed.
Q.E.P., Lenders Extend Forbearance Agreement
Boca Raton, FL,March 17, 2009--Q.E.P. Co.said that its forbearance agreement with lenders will continue through April 16.
Former Mohawk Executive Dies in Charleston
Charleston, SC, March 16, 2009--Robert Saunders, 91, died in Charleston, S.C. on Dec. 24.
Wholesale Prices Barely Budge in February
Washington, DC, March 17, 2009--The Labor Department reported that wholesale prices edged up 0.1 percent in February.
Last Carpet Factory in Halifax Closing
Halifax, England, March 17, 2009--The last carpet factory in Halifax is closing.
Retail Spending Fell Week of March 14
Washington, DC, March 17, 2009--Spending at U.S. retail establishments fell in the week ending March 14, according to a survey from ICSC.
Bernanke Says Recession Likely Over This Year
Washington, DC, March 16, 2009--Federal Reserve Chairman Ben Bernanke said the recession will likely end this year if the government succeeds in stabilizing the banking system.
Dow Says New Backing Technology Aids Recycling
Midland, MI, March 16, 2009--Dow Chemical said that it has addressed one of the limitations to producing recyclable carpet with Hypod Polyolefin Dispersions technology for backings.
Administration Moving To Help Small Businesses
Washington, DC, March 16, 2009--President Barack Obama and his economic team are making billions in federal loans available to the nation's struggling small businesses.