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.
Calhoun, GA., April 17, 2008--Mohawk Industries, Inc. reported first quarter net earnings of $65 million and diluted earnings per share of $0.95, both 28 percent below last year, but ahead of the company’s earlier guidance.
Cambridge, MA, April 18, 2008--Home improvement spending is unlikely to pick up until next year, and the second half of this year is likely to be weaker than the first six months, according to Harvard University's Joint Center for Housing Studies.
Washington, DC, April 18, 2008—Financial executives believe that turmoil in credit and housing markets will be the most significant threat to economic growth this year.
Manama, Bahrain, April 18, 2008--A construction boom in Bahrain has led to a huge demand in professional flooring and carpets demand in the country.
New York, NY, April 18, 2008--A bankruptcy judge cleared Solutia Inc. to pay about $197 million to lawyers and other professionals despite government objections.
Viken, Sweden, April 17, 2008--The European Opposition Division at the European Patent Office has maintained three Välinge European patents related to the angling installation method.
Washington, DC, April 17, 2008--The index of leading U.S. economic indicators rose in March for the first time in six months.
Washington, DC, April 17, 2008—Initial jobless claims edged up in the latest week, according to the Labor Department.
Washington, DC, April 17, 2008--The mortgage credit crunch has spilled over into land acquisition, land development and home construction (AD&C) lending.
Belfast, Ireland, April 17, 2008--Ulster Carpets this week rolled out the carpet for a tribe of native Americans.