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.

Pending Home Sales Flat in January

Washington, DC, March 6, 2008—An index of pending sales of existing homes was flat in January.

Investment Firm Takes Stake in Solutia

Dallas TX, March 6, 2008--Highland Capital Management said it owns a 7.7 percent stake in specialty chemicals company Solutia Inc.

Mohawk, FloorExpo Form Builder Market Partnership

Chattanooga, TN, March 5, 2008--Mohawk Industries and FloorExpo have formed a comprehensive new partnership to serve the single-family new construction and multi-family markets.

Initial Jobless Claims Fall to Late January Level

Washington, DC, March 6, 2008-- Initial jobless claims fell to their lowest level since the second half of January.

Ulster Carpets Installs New Patented Technology

Portadown, Ireland, March 6, 2008--Ulster Carpets has completed a $29 million investment in new technology at its Portadown factory, which will enable it to beat cheap competition from the Far East, the company said.

Portuguese Panel Maker Says Profits Soar

Maia, Portugal, March 6, 2008--Wood panel maker Sonae Industria SGPS said net profit rose 143 percent to $121 million last year.

Pergo Suing Unilin for Violation of 13 Patents

Trelleborg, Germany, March 5, 2008--Pergo (Europe) AB and Pergo LLC are suing Unilin for patent infringement.

Private Employment Falls 23,000 in February

Roseland, NJ, March 5, 2008--Nonfarm private employment declined by 23,000 in February, the first drop since June 2003, according to the ADP National Employment Report.

Builder, Developer Loans Face Pressure, FDIC Says

Washington, DC, March 5, 2008--The number of loans to homebuilders and other developers that are past due has reached the highest level since the early 1990s.

Carpet Store Sues Over Video Review of Job

Salt Lake City, UT, March 6, 2008--A Salt Lake City carpet business is upset over a disgruntled customer's online review on You Tube.