Housing Starts Drop 6% in September
Washington, October 19—Housing starts fell much more than expected during September, but permits for future building posted a surprise increase.
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.
Survey: Rising Oil Prices May Slow Economy
New York, October 15--Surging crude oil prices have been grabbing headlines for months – but so far, they haven't held back the economy. That may be about to change.
Paper: Home Depot Shares Look Undervalued
New York, October 12--Shares of Home Depot Inc. may extend gains amid solid expected growth in sales of homes and home improvement products, according to the latest edition of Barron's, the weekly financial newspaper.
Irish Carpet Plant Gutted
Kilkenny, Ireland, October 11--A major fire has broken out at a wooden flooring and carpet factory in county Kilkenny, at the Hebron Industrial Estate, according to IrelandOnline.com.
Tennant Cuts Jobs, Takes Charge
Minneapolis, MN, October 8--Tennant Company said it is taking actions to permanently reduce costs as part of a continuing effort to improve profitability.
BASF to Increase Latex Prices
Charlotte, NC, October 6 -- Effective November 1, 2004, or as contracts allow, BASF will raise prices in the United States and Canada by $0.05 per dry pound on all Butonal high-solids styrene butadlene latex products supplied to the carpet, construction,
Azrock by Tarkett Receives Gold ADEX Award
Houston, TX October 6, 2004 – Design Journal magazine recently awarded Azrock by Tarkett’s StoneGlow flooring the 2003 Gold ADEX Award in the flooring category.
Producer Prices Up 1.7%
Washington, DC, November 16--The producer price index for finished goods rose 1.7% in October, which the biggest increase since January 1990, according to a Labor Department report.
Stophel Named Legal Counsel at Mullican
Johnson City, TN, November 15--Ginna Stophel has been hired as legal counsel/warranty manager at Mullican Flooring’s headquarters in Johnson City, Tenn.
Foamex Names New Board Member
Linwood, PA, November 12--Foamex said it has named Thomas M. Hudgins to the company's board of directors, effective immediately. Hudgins will also serve on the board's audit committee.