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.
Chicago, IL, February 25, 2008 –Three INSTALL regions converged at the Chicago Regional Carpenters Training Center in Elk Grove Village for installation training in sports and recreation artificial surfaces.
Irvine, CA, February 26, 2008--The number of homes facing foreclosure jumped 57 percent in January.
New York, NY, February 26, 2008--Home prices fell in December by the most on record, according to the S&P/Case-Shiller home-price index.
Hong Kong, China, February 26, 2008--Timber firm Samling Global Ltd said it will acquire Elegant Living (HK) Ltd, Elegant Living International Holding Ltd and New Elegant Living Timber Manufacturing (Zhongshan) Ltd for $38.3 million
Washington, DC, February 26, 2008 – Wholesale inflation soared 1 percent in January due to higher costs for food, energy and medicine, according to the Labor Department.
Johannesburg, South Africa, February 26, 2008--Resilient and rubber flooring maker Safic Holdings is on the acquisition trail as it plans to benefit from increased government infrastructure spending and exports to other African countries this year.
Mooresville, N.C., February 25, 2008-- Lowe's said fourth quarter earnings declined 33.4 percent over a year ago. The world's second largest home improvement retailer reported net earnings of $408 million for the quarter ended Feb. 1.
Washington, DC, February 25, 2008—Sales of existing U.S. homes and condos fell 0.4 percent in January to a seasonally adjusted annual rate of 4.89 million, according to the National Association of Realtors.
Fort Mill, S.C., Feb 25, 2008 -- Fiber maker Wellman Inc. has filed for Chapter 11 bankruptcy protection. The company said cost cutting and other measures were insufficient.
Whittier, CA, February 25, 2008—Eric Scharff has been appointed vice president of sales and marketing for Hibernia Woolen Mills, a supplier of wool carpets and a Wools of New Zealand brand partner.