Consumer Confidence Index Falls in August
New York, August 31-- The Conference Board’s Consumer Confidence Index, which had been on the rise since April, declined in August.
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 Builders See Shares Rise as Housing Data Soft
Washington, August 30--Major home builders could keep building up their businesses even if home sales continue to slow, as counterintuitive as that may sound.
Invista Restructuring Sabine River Works
Orange, TX, August 27--Fifteen jobs were cut this week at Invista Sabine River Works west of Orange as the plant goes through restructuring, according to the Orange Leader
Ainsworth Lumber Buys Potlatch OSB Assets
Vancouver, BC, August 26--Ainsworth Lumber Co. has agreed to pay $457.5 million US to buy three wood-panel manufacturing plants and a related power plant in Minnesota from Potlatch Corp., the latest acquisition for the growing Vancouver-based company
A Healthy Choice in Carpet Cleaning
San Francisco, CA, August 25--According to the U.S. National Center for Health Statistics, one-third of the country's population suffers from allergies, asthma, sinusitis or bronchitis -- conditions that indoor pollutants greatly exacerbate, according
Existing-Home Sales Off 2.9% in July
Washington, August 24--Existing single-family home sales slipped in July but still managed the third-best pace on record, according to the National Association of Realtors.
Interstate Hotels To Manage 54 Sunstone Hotels
Arlington, VA, August 20-- Interstate Hotels & Resorts (NYSE: IHR), the nation’s largest independent hotel management company, has signed an agreement to manage 54 hotels currently owned by affiliates of Sunstone Hotel Investors.
Forbo Posts 1H Loss; Will Sell Flooring Division
Eglisau, Switzerland, August 20--Forbo Holding AG Friday swung to a first-half net loss due to value adjustment charges and it said it will dispose of its flooring unit, the company's largest division.
Korhani Sells Burlington Rug Shares
Monticello, AR, August 18 -- Yanoor Corp (d/b/a Burlington Rug Corporation) announced today that its founder and CEO, Saeid Korhani, has sold all of his stock in Yanoor Corp to Prudential Capital Partners, L.P., an investor in Yanoor Corp since 2002.
Two Industry Vets Buy Montana Dealership
Billings, MT, August 18--Two longtime professionals in the carpet business have purchased NorthWest Floors at Marketplace West in Billings and plan on offering down-home service, according to the Billings, Montana Gazette.