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.

Mohawk Announces Proposal To Acquire Lees

Calhoun, GA, July 21--Mohawk Industries, Inc. announced it has entered an agreement with W. L. Ross & Company to acquire the assets and assume certain liabilities of the carpet division of Burlington Industries, Inc. (Lees Carpet).

Honeywell Profits Fall 30%

Morris-Township, NJ, July 17--Honeywell International on Thursday reported a 30 percent drop in second-quarter profit as its commercial aerospace business continued to slump and pension, administrative and product development costs all rose.

Mohawk Has Record Second Quarter Earnings

Calhoun, GA, July 16--Mohawk Industries, Inc. today announced diluted earnings per share (EPS) and net earnings for the second quarter of 2003 with a second quarter record EPS of $1.12 per share or $74,985,000 in net earnings.

New Ceramic Expo Announced

Miami Beach, FL, July 16--Trade Show International's Skip Mason and Michael Coburn have announced a new marketing event, the PanAmerican Stone and Tile Expo. It will be held March 30 to April 1, 2004 at the Miami Beach Convention Center.

Neocon Attendance At 41,000

Chicago, IL, July 15--NeoCon World's Trade Fair attracted more than 41,000 registrants to The Merchandise Mart, June 16-18.

Sale Of Burlington Likely This Month

Charlotte, NC, July 9--Five months after legendary investor Warren Buffett flirted with buying Burlington Industries Inc., the Greensboro-based textile giant is on the verge of being sold, according to the Charlotte Observer.

Economists Forecast A Second Half Rebound

New York, NY, July 7--Massive fiscal stimulus, in the form of tax cuts, and improving business profits should lead to a long awaited economic rebound in the second half of the year, according to 54 economists surveyed by The Wall Street Journal.