Plastech Makes Bid for Auto Supplier Collins & Aik
Detroit, MI, August 10--Plastech Engineered Products Inc. has made a $1 billion bid to buy rival auto-parts supplier Collins & Aikman Corp., which filed for bankruptcy in May.
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.
Investors Seize on Laminate Opportunities in Russi
Moscow, Russia, August 10--Foreign investors have found a new free niche on the Russian building materials market: Laminate manufacturing, according to RIA Novosti.
Mortgage Applications Off Last Week
New York, NY, August 10--Applications for home mortgages fell last week, its third consecutive drop, as refinancing activity waned and interest rates reached four-month highs, industry group figures showed on Wednesday.
Nepali Carpet Association Unhappy Over Delisting
Kathmandu, Nepal, August 10--The announcement of delisting of the carpet industries from the category of cottage industry by the Nepali government will be harmful to the sector, according to a trade association.
ASID Survey Says Homeowners Are Ready to Go Green
Washington, DC, August 10--Six out of 10 U.S. homeowners say they would consider integrating sustainable design practices into a future home improvement project, provided those enhancements were cost-competitive.
ServiceMagic Completes ImproveNet Acquisition
Golden, CO, August 10—-ServiceMagic completed its acquisition of the stock of ImproveNet, Inc., a leading online home services marketplace.
Fed Ups Rates to 3.5%, No Hint of Pause
Washington, DC, August 10--The Federal Open Market Committee raised its target for short-term interest rates Tuesday by a quarter percentage point to 3.5% and gave no hint that it is interested in stopping anytime soon.
ASID Foundation Names Ray Anderson Trustee
Washington, DC, August 9--The ASID Foundation, Inc. has named new members of its board of trustees.
Coveright Mulls Expansion at South Carolina Plant
Columbia, SC, August 9--Coveright Surfaces doesn’t make hardwood flooring and cabinets, but its 145 employees in Blythewood produce the wood-grain illusion.
Productivity Growth Slows
Washington, DC, August 9--Productivity in the second quarter rose at a 2.2% annual rate, according to the Labor Department.