Invista Restructuring Delaware Nylon Plant
Seaford, DE, Oct. 15, 2008--Invista says it plans to lay off 400 of the 500 workers at its nylon plant in Seaford by the middle of next year.
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.
U.S. Says It Will Enforce Lacey Act Amendments
Washington, DC, Oct. 15, 2008--U.S. government agencies held the first public meeting to present the government's commitment to enforce a new law amending the U.S. Lacey Act to prohibit trade in products that contain illegally logged wood.
Mortgage Applications Rise on Refinancing
Washington, DC, Oct. 15, 2008--Mortgage applications filed last week increased 5.1 percent compared with the week before, reflecting an increase in refinancing activity, the Mortgage Bankers Association reported on Wednesday.
Measure of Consumer Confidence Falls in October
New York, NY, Oct. 15, 2008--One measure of U.S. consumer confidence fell in October from an 11-month high in September, as the financial market turmoil stoked worries about the economy, according to a new survey.
Linens 'n Things Plans To Liquidate Stores
Clifton, NJ, Oct. 15, 2008--Home furnishings retailer Linens 'n Things, which filed for bankruptcy protection in May, canceled its auction and plans to begin liquidation sales at its stores as soon as tomorrow.
Starnet's Newest Member Is Carpet Weaver's
Darien, CT, Oct. 15, 2008-- – Starnet Worldwide Commercial Flooring Partnership said that Carpet Weaver's, Inc., headquartered in Bloomington, Ill., is its newest member.
Spreen To Participate in Chinese Wood Floor Summit
Kneeland, CA, October 14, 2008--Dave Spreen has been invited to participate in the experts panel during the 4th China Wood International Wood Flooring Cooperation Summit.
Mohawk Moves To Increase Share in Down Market
Dalton, GA, Oct. 15, 2008--It's a lean time for the flooring industry, but for Mohawk Industries and its high-end Karastan brand, that means it's time to try and increase its share, according to a story in Marketing Daily.
Ergon Says Its Mikado Has 40% Recycled Content
Alexandria, VA, Oct. 15, 2008--Ergon Engineered Stone, a brand of EmilCeramica Spa, said its Mikado Series is now being produced with 40 percent post industrial recycled content.
Former Fed Chief Volker Says Recession's Here
Washington, DC, Oct. 14, 2008--Former Fed Chairman Paul Volcker said on Tuesday the U.S. housing sector faced more losses and the economy was in recession even as authorities moved to stabilize the financial system.