Broker Upgrades Four Homebuilders
New York, NY, February 5, 2008--Banc of America Securities raised its rating on homebuilders on its belief that lower house prices would increase demand.
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.
All Bentley Prince Street Products Carbon Neutral
City of Industry, CA, February 4, 2008 – Bentley Prince Street said that all its products are now carbon neutral. The company's Cool Carpet program is now standard on all of its broadloom and carpet tile products.
Service Sector Contracts for First Time in Years
New York, NY, February 5, 2008--The nation's service sector contracted in January for the first time since March 2003, according to the Institute for Supply Management.
Chain Store Sales Up Last Week
New York, NY, February 5, 2008--The International Council of Shopping Centers and UBS Securities said chain store sales increase 1.7 percent last week over the previous week.
Furniture Retailer Files for Bankruptcy Protection
Wheeling, IL, February 5, 2008--Wickes Furniture Co. has filed for bankruptcy protection.
Lenders Help Out Home Builder Hovnanian
Red Bank, NJ, February 5, 2008--Home builder Hovnanian Enterprises said in an SEC filing that lenders have temporarily waived certain conditions of its credit facilities.
Beazer Exiting Mortgage Business, Five Markets
Atlanta, GA, February 1, 2008--Home builder Beazer Homes said Friday that it will discontinue its mortgage origination business and had signed an agreement with Countrywide Financial Corp. It is also leaving five home building markets.
Empire Opens New Texas Call Center
Northlake, IL, February 5, 2008--Empire Today is opening a new El Paso, Texas Customer Service Call Center.
Solutia Demands Completion of Financial Package
St. Louis, MO, February 4, 2008--Solutia Inc. has issued a formal demand to the lead arrangers of the company's exit financing package to fund their commitment on Feb. 6.
Remax Names Empire Approved Supplier
Northlake, IL, February. 4, 2008 --Empire Today has been named an approved supplier for real estate giant RE/MAX International Inc.