Oriental Weavers To Delay Construction of Complex
Cairo, Egypt, Jan. 5, 2009--Oriental Weavers said it would delay construction work for an industrial complex from mid-2009 to 2010 because of the global financial crisis.
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.
Stimulus Package May Include Tax Breaks
Washington, DC, Jan. 5, 2009--The new economic stimulus package being proposed by President-elect Barack Obama will reportedly include hundreds of billions of dollars worth of tax breaks for individuals and businesses.
New Website Rates, Schedules Installers
Knoxville, TN, Jan. 5, 2009--A new website, installerpool.com, is a new reference point for anyone looking for a floorcovering installer.
Construction Spending Higher Than Expected
Washington, DC, Jan. 5, 2009--U.S. construction spending fell by a seasonally adjusted annual rate of 0.6% in November after an upwardly revised drop of 0.4% in October, the Commerce Department reported Monday.
NAFCD Releases List of Initiatives for 2009
Chicago, IL, Jan. 2, 2009-- The Board of Directors of the North American Association of Floor Covering Distributors (NAFCD) recently released its 2009 key initiatives for the organization.
Consultancy Sees 1,400 Retail Failures in 2009
New York, NY, Jan. 2, 2009--Up to 1,400 retailers are expected to fail this year as the battered sector suffered its worst December in 30 years.
Surfaces Featuring Web Marketing Seminar
Las Vegas, NV, Jan. 2, 2009--Surfaces is featuring the seminar "The Four Keys to Web Success" on Thursday, Feb. 5.
Analyst Lowers Estimates for Dow Chemical
Midland, MI, Jan. 2, 2009--An analyst cut his earnings estimate for Dow Chemical Co. Friday well below Wall Street's expectations, citing worry the nation's largest chemical maker will face trouble this year in its basic plastics business.
Chemical Firm LyondellBasell May File Chapter 11
The Netherlands, Jan. 2, 2009--The financial crisis continues in the chemical industry as reports have started emerging that LyondellBasell Industries AF may file for bankruptcy protection.
Berkshire Hathaway Has Worst Year in Decades
New York, NY, Jan. 2, 2009--Shares of Berkshire Hathaway Inc. fell 32 percent last year, the worst performance in more than three decades, according to a Bloomberg story.