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.

Godfrey Hirst Cleared to Acquire Feltex

Wellington, New Zealand, August 30, 2006--The Commerce Commission has cleared Godfrey Hirst NZ Limited to acquire some or all of the assets of Feltex Carpets Limited.

Mortgage Applications Decline

Washington, DC, August 30, 2006--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 25.

Sears Extends Sears Canada Takeover Offer

Hoffman Estates, IL, August 30, 2006--Sears Holdings said it extended its $775 million offer to buy the rest of Sears Canada Inc. until Sept. 29 as it appeals a regulatory decision that stalled the deal.

Interest Hikes Halted on Economy Worries

Washington, DC, August 29, 2006--Worries about short-term damage to the economy led Federal Reserve policymakers at their August meeting to halt a more than two-year-old interest rate-raising campaign.

BonaKemi USA Offers Spanish Tech Support

Aurora, CO, August 28, 2006--BonaKemi USA, a leader in hardwood floor finishing and floor care, announced the addition of Spanish/English services to its technical support line.

Pergo Nets Laminate Orders in India

Mumbai, India, August 27, 2006--Pergo, a Swedish brand of floor laminates, has bagged orders from DLF-West end Heights, Gurgaon, and NIHO Construction-Scottish Gardens, New Delhi.