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's Rating Cut by Legg Mason on Raw Mater

New York, March 23—-Legg Mason analysts have cut their rating on Mohawk Industries Inc. to "hold" from "buy."

Goodfellow’s 2Q Earnings Off

Delson, Quebec, March 23--Goodfellow Inc., Canada’s largest distributor of hardwood flooring, saw its net profits fall in the fiscal second quarter on lower sales.

UK's Topps Tiles Warns of Sales Declines

Cheshire, England, March 23--Topps Tiles has joined the ranks of retailers suffering in the current UK consumer downturn.

Simple Solutions Receives Patent for Four-In-One M

Garner, NC, March 21--Simple Solutions, a new division of Pergo, Inc., recently received Patent No. 6,860,074 from the United States Patent and Trademark Office.

UK’s Floors 2 Go Ends Bid Talks

Birmingham, England, March 22--Floors 2 Go has pulled the plug on talks which could have led to a takeover offer, according to the Birmingham Post & Mail.

Coverall Cleaning Opens Master Regional Support Ce

Boca Raton, FL, March 22--Coverall Cleaning Concepts opened a new Coverall Master Regional Support Center in Iselin, New Jersey, owned and operated by John D. Landolfi.

Vornado to Back Sears-Kmart Deal

Paramus, NJ, March 22--Vornado Realty Trust said it would support Kmart's $12 billion acquisition of Sears, quashing speculation the real estate company would make its own bid for the struggling department store.

UK Carpetmaker Hugh Mackay in Administration

Durham, England, March 22--The firm has made carpets for palaces and leading hotels, but now one of the country's leading carpet makers has put its factory in Durham into administration, according to the BBC.

Lennar's 1Q Earnings Up 39%

Miami, FL, March 22—-Homebuilder Lennar Corp. said Tuesday that first-quarter earnings grew 39 percent year-over-year, as pricing power in land-constrained markets drove strong margins.

Producer Prices Up 0.4%

Washington, DC, March 22—-The producer price index rose 0.4 percent in February helped by a jump in energy prices, according to the Labor Department.