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.

Consumer Credit Off in September

Washington, DC, November 8, 2006--Consumer credit outstanding fell by the biggest amount since April 1992 in September as households took out fewer loans for items like automobiles and boats, the Federal Reserve said Tuesday.

NAFCD Sets 36th Annual Meeting Dates

Chicago, Illinois, November 6, 2006--The North American Association of Floor Covering Distributors (NAFCD) sets the dates of its 36th Annual Meeting which will take place October 25-27, 2007, at the Renaissance Austin Hotel in Austin, Texas.

Kronospan to Get EBRD Loan

Kyiv, Ukraine, November 6, 2006--Wood-based panel producer Kronospan Ukraine Ltd. in Volyn region has raised a EUR 60 million syndicated senior loan facility from the European Bank for Reconstruction and Development (EBRD).

Zagorski Joins Formica Flooring

Barnwell, SC, November 2, 2006--Formica Flooring has announced that Paul Zagorski has joined its sales team as Southeast Regional Sales Manager.

Layoffs Off in October

Washington, DC, November 2, 2006--Corporations announced 69,177 job cuts in October, down 31% from September's tally, Challenger Gray & Christmas reported Thursday.

3Q Productivity Unchanged, Costs Up

Washington, DC, November 2, 2006--Labor costs rose as worker productivity unexpectedly stalled in the third quarter, representing a risk to Federal Reserve forecasts that inflation will subside.