Real Estate Execs To Address Senate Committee
Washington, DC, February 28, 2008--Real estate executives are scheduled to testify at a Senate Finance Committee hearing Thursday.
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.
Solutia, Bondholders, Reach Agreement
New York, NY, February 28, 2008--A Manhattan bankruptcy judge has approved Solutia Inc.'s $220.5 million settlement with a group of bondholders.
Dixie Group 4Q Sales Dip Beats Industry Average
Chattanooga, TN, February 26, 2008—The Dixie Group earnings from continuing operations slid 46 percent in the fourth quarter compared to a year ago.
New Home Sales Fall to 13-Year Low
Washington, DC, February 27, 2008--Sales of new single-family homes fell 2.8 percent in January to a seasonally adjusted annual rate of 588,000, the lowest number since February 1995, the Commerce Department said Wednesday.
Beaulieu Commercial Using 100% Green Energy
Adairsville, GA, February 27, 2008-- Beaulieu Commercial has become the first commercial carpet manufacturer to replace 100 percent of the energy used to power its operations with renewable energy.
Durable Goods Orders Plunge in January
Washington, DC, February 27, 2008—Durable goods orders tumbled 5.3 percent in January.
Rieter Sells Plastics Business to Swiss Firm
Winterthur, Switzerland, February 27, 2008--Rieter is selling its plastics granulates business.
Toll Brothers Loses $96 Million in Quarter
Horsham, PA, February 27, 2008 -- Toll Brothers Inc. lost $96 million or $.61 per share in its fiscal first quarter, which included pre-tax write downs of $245.5 million and $27.8 million.
Overseas Sales Boosts Tennant's Earnings
Golden Valley, MN, February 27, 2008--Tennant Co. reported a 52 percent increase in its fourth-quarter profit on strong international sales and the sale of a facility.
Mortgage Volume Drops on Lower Refinancing
Washington, D.C., February 27, 2008 — Mortgage volume fell 19.2 percent the week ending Feb. 22 from the previous week due to a drop off in refinancing, according to the Mortgage Bankers Association.