Bank Decision on Feltex Expected Tuesday
Wellington, New Zealand, September 11, 2006--The ANZ Bank is now expected to make a decision on Sleepyhead's rescue plan for carpet manufacturer Feltex on Tuesday.
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.
MasterCard, Home Depot Start $100K Kitchen Promoti
Purchase, NY, September 8, 2006--MasterCard Worldwide, in conjunction with Home Depot have launched a "$100,000 Dream Kitchen Makeover" promotion.
Turners Want Refinance of Feltex
Wellington, New Zealand, September 8, 2006--Feltex Carpets whose bank loans amount to 10 times its market value, would raise NZ$51 million ($33 million) selling new securities as part of a refinancing plan from an investment group.
KB Home Lowers Earnings Forecast
Los Angeles, CA, September 7, 2006--KB Home cut its 2006 profit forecast citing weaker than expected demand for new homes amid a slowing housing market.
Beazer Cuts 2006 Forecast
Atlanta, GA, September 7, 2006--Beazer Homes USA Inc., cut its full-year earnings outlook Thursday, citing slumping sales and contract cancellations in the latest sign of worsening conditions in the housing market.
CMAI Issues New Nylon Fibers & Feedstocks Study
Houston, TX, September 6, 2006--Chemical Market Associates, Inc., (CMAI) recently completed the 2007 World Nylon Fibers and Feedstocks Analysis, an annual global study.
Bernanke:Productivity to Continue
Washington, DC, September 1, 2006--The strong increase in productivity, or output per hour of work, seen over the past decade is likely to continue for some time, Fed chief Ben Bernanke said Thursday.
Help-Wanted Ad Index Dips 2 Pts
New York, NY, August 30, 2006--The Conference Board Help-Wanted Advertising Index--a key measure of job offerings in major newspapers across America-- declined two points in July.
Commercial Loan Originations Up 17.3% in 2Q
Washington, DC August 30, 2006--During the second quarter of 2006 commercial and multifamily mortgage bankers' loan originations increased 17.3 percent compared to the same quarter last year, according to the Mortgage Bankers Association (MBA).
Median Household Income Rises
Washington, DC, August 30, 2006--The median income of American households rose by an inflation-adjusted 1.1% last year after falling five years in a row, the Census Bureau said in its annual report on the well-being of Americans.