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.
New Delhi, India, August 3, 2006— India has banned the employment of children in hazardous industries, but many continue to work in firework and match factories, or are involved in carpet weaving, embroidery or stitching footballs in wretched conditions.
Washington, DC, August 2, 2006--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 28.
Birmingham, AL, August 2, 2006--Saks Inc. continued to shrink Wednesday when it said it would sell its 38-store Parisian chain to Belk Inc. for $285 million cash.
Washington, DC, July 27, 2006-- Weekly jobless claims fell by 7,000 to 298,000 in the latest week, coming in below economists' expectations, the Labor Department said Thursday.
Wellington, New Zealand, July 27, 2006--Feltex Carpets shares collapsed to a new low yesterday after the company said it could not be sure of finding a new investor and, if it did, any restructuring deal would see the shares lose significant value.
Washington, DC, July 27, 2006--Steve Odland, chairman & CEO of Office Depot, Inc., and chairman of Business Roundtable’s Corporate Governance Task Force, made the following statement today on behalf of Roundtable CEOs.
Nashville, TN, July 27, 2006--Building products maker Louisiana-Pacific Corp., said its second-quarter profit fell, because of lower pricing for key building materials.
Modesto, CA, July 25, 2006--Jay and Jack Mitri didn't know anything about rugs when they started selling them at flea markets 18 years ago. Now they own two stores and are considered rug experts.
Tehran, Iran, July 19, 2006--The U.S. was among Iran's major importers of Persian carpet in the first quarter of the current Iranian fiscal year of 1385 (started on March 21).
London, England, July 19, 2006--United Carpets Group plc, a chain of specialist retail carpet and floor cover stores in the UK, reported a drop in pretax profit for the year to end-March after reducing its opening program.