Mortgage Delinquencies Rise
New York, NY, Sept. 11--Mortgage delinquencies rose in the second quarter, a sign that Americans are still struggling to keep up with debt payments despite recent evidence of an improving economy.
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.
Home Depot CEO Sees No Impact From Rising Rates
Atlanta, GA, Sept. 11--Home Depot Chairman Robert Nardelli said on Wednesday the home improvement retailer has not seen an impact on its business from an increase in interest rates.
Pillowtex Bonus Dispute Intensifies
Kannapolis, NC, Sept. 11--With a court date scheduled for Friday, opposition is mounting to Pillowtex Corp.'s plans to pay millions of dollars in bonuses to top executives and other managers who are liquidating the company, according to the Charlotte
HUD Could Lose Control Of Housing Loan Programs
Washington, DC, Sept. 11--The Bush Administration’s recommendation before Congress today would gut the Department of Housing and Urban Development’s role as our nation’s primary housing advocate by removing the agency’s current mission oversight of Fannie
Witex Begins Fall Promo
Kennesaw, GA, Sept. 11--Witex USA, Inc. is pleased to announce the Fall Dash for Cash, a fall spiff that the company is running on the sale of products from both the Witex and Laura Ashley branded flooring lines.
Pergo Wins Appeal
Trelleborg, Sweden, Sept. 11—The U.S. Court of Appeal for the Federal Circuit has affirmed the ruling from the U.S. International Trade Commission (ITC) from March 2002.
Inflation Pressures Increase
New York, NY, Sept. 9--Inflationary pressures in the U.S. jumped in August, spurred in part by strong growth in real estate loans.
Mannington Launches Fall Promotion
Salem, NJ, Sept. 9--Mannington Mills has announced a fall promotion for flooring products featuring DuPont Teflon Surface protector.
Sears Canada To Carry Martha Stewart Everyday Line
Toronto, Canada, Sept. 9--Sears Canada, Inc. and Martha Stewart Living Omnimedia, Inc. today announced the official launch of Martha Stewart Everyday.
Anderson-Tully Cutting Some Jobs
Vicksburg, MS, Sept. 9--One of Vicksburg's largest employers says it has eliminated four administrative positions but plans to bring in additional jobs from its Memphis offices.