Morgan Keegan Reiterates Outperform Rating on Moha
New York, NY, Jun. 14--Analysts at Morgan Keegan reiterate their "outperform" rating on Mohawk Industries Inc.
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.
Doughty Hanson Buys Balta
London, England, Jun. 15--Doughty Hanson & Co., a London-based buyout firm, agreed to buy Balta Industries NV, a family-owned Belgian maker of rugs and carpets, for 600 million euros ($723 million).
Consumer Prices Up in May
Washington, DC, Jun. 15--Consumer prices rose at their fastest clip in more than three years in May amid a surge in gasoline prices, all but ensuring that the Federal Reserve will raise interest rates at the end of this month.
Tandus Unveils Recycled Content Backing
Chicago, IL, Jun. 14--Today at NeoCon in Chicago, Tandus, unveiled ethos, a high recycled content, cushion backing for six-foot broadloom carpet.
Consumer Sentiment Jumps
Ann Arbor, MI, Jun. 15--Consumer sentiment jumped in early June, as Americans grew increasingly optimistic about their current and future prospects, according to figures released Tuesday.
More Employers Expect to Add to Workforce
New York, NY, Jun. 15--About 30% of U.S. employers expect to add workers to their payrolls in the third quarter, according to the latest Manpower Employment Outlook Survey.
Business Inventories Up in April
Washington, DC, Jun. 15--Business inventories posted a stronger-than-expected increase during April, while sales fell slightly.
Shaw Now Largest in Manufactured/Modular Housing M
Dalton, GA, Jun. 15--Calling it “an excellent match,” Executive Vice President Julius Shaw of Shaw Industries stated that a recent highlight for the company was its acquisition of Dixie Group’s north Georgia operations.
Carpet Industry Sets New IAQ Standard
Dalton, GA, Jun. 14--The Carpet and Rug Institute today unveiled a new Green Label Plus independent testing program for carpet that meets, and even exceeds, California's indoor environmental quality standards for low-emitting products.
May Retail Sales Up
Washington, DC, Jun. 14--Boosted by higher sales of gasoline and autos, U.S. retail sales jumped 1.2% in May after dropping in April, the Commerce Department estimated Monday.