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.
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.
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.
Home Depot Adopts Majority Vote for Directors
Atlanta, GA, August 29, 2006--Home Depot said its board of directors has amended the company's bylaws to adopt a majority vote standard for the election of directors.
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.
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.
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.
Home Depot OKs Additional $3.5B for Share Buyback
Atlanta, GA, August 24, 2006--Home Depot Inc., late Thursday said it has approved an additional $3.5 billion to repurchase shares, bringing the total authorized under the program to $17.5 billion
Carpet One Floor & Home Renovates Online Universit
Manchester, NH, August 23, 2006--Carpet One Floor & Home recently re-launched their OnLine University (OLU) with a new design and innovative learning strategy.
Canada Leading Indicator Up
Ottawa, Ontario, August 23, 2006--Canada's composite leading indicator rose 0.2 percent in July as expected, the lowest monthly increase so far this year.
Architecture Billings Index Rebounds
Washington, DC, August 23, 2006--A modest increase in the July Architecture Billings Index (ABI), a leading economic indicator of nonresidential construction activity, counters the previous two months that showed slightly negative scores.