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.

Home Builders Launch Green Building Program

Home Builders Launch Green Building Program

Orlando, FL, February 14, 2008 - The National Association of Home Builders has launched the NAHB National Green Building Program, an education, verification and certification program that will allow builders anywhere to build green homes.

Judge Delays Deposition Ruling in Solutia Case

Judge Delays Deposition Ruling in Solutia Case

New York, NY, February 15, 2008--A federal judge has delayed ruling on whether to compel Citigroup Inc. Chief Executive Vikram Pandit to answer questions about the bank's decision to back out of Solutia Inc.'s $2 billion bankruptcy-exit financing.

Foamex Credit Rating Cut by S&P

New York, NY, February 15, 2008--Standard & Poor's Ratings Services has cut the corporate credit rating on Foamex LP to 'B-' from 'B' and placed the rating on negative watch.

Mohawk Earnings Rise on One Time Tax Benefit

Mohawk Earnings Rise on One Time Tax Benefit

Calhoun, GA, February 13, 2008--Net income for Mohawk Industries Inc. fell in the fourth quarter compared to a year ago. The company reported net income of $107.5 million, or $1.57 per share compare to $129.5 million and $1.90 per share a year ago.

Propex Gets Approval To Use Loan for Operations

Propex Gets Approval To Use Loan for Operations

Chattanooga, TN, February 14, 2008--Propex Inc. won final court approval Wednesday to use all of its $60 million loan to keep its manufacturing business operational during its Chapter 11 bankruptcy case.

Bernanke Hints at More Rate Cuts

Bernanke Hints at More Rate Cuts

Washington, DC, February 14, 2008--Federal Reserve Chairman Ben Bernanke the economy has deteriorated and hinted that the central bank is ready to keep on lowering interest rates.