Moody's Raises Mohawk’s Outlook to Positive
New York, NY, May 31--Moody's Investors Service affirmed the Baa2 senior unsecured and other ratings of Mohawk Industries, Inc., but changed the outlook from stable to positive.
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.
Lowe's Names Executive VP
Mooresville, NC, Jun. 1--Lowe's Companies, Inc. announced at its annual meeting of shareholders that the company has promoted Robert F. Hull Jr. to executive vice president and chief financial officer.
Armstrong Names VP of Product Styling & Design
Lancaster, PA, May 28--Armstrong Floor Products today named Jim Mathis, vice president, Product Styling & Design.
Manufacturing Sector Grows
Tempe, AZ, Jun. 1--Economic activity in the manufacturing sector grew in May for the 12th consecutive month, while the overall economy grew for the 31st consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Bu
Lowe's Feels Younger Stores, New Programs Give
Charlotte, NC, May 31--Lowe's Cos. younger portfolio of retail stores and new programs will help distinguish it from larger rival Home Depot Inc. as that home-improvement retailer adopts some of the same strategies Lowe's has used for years, top e
Union Leaders Upset over Invista’s UK Job Cuts
Cheltenham, UK, May 28--Union leaders have reacted with fury to the news that nylon fibre producer Invista is cutting a quarter of its 900-strong workforce, according to the Gloucestershire Echo.
Home Depot Directors Re-Elected
Dallas, TX, May 27-- Home Depot Inc. on Thursday said preliminary voting results indicate that all 10 of its directors were reelected to its board.
Platinum Equity Agrees to Acquire DyStar
Ludwigshafen, Germany, May 28--BASF, Bayer and Hoechst today announced that Platinum Equity plans to acquire DyStar, the Frankfurt-based manufacturer of textile dyes.
GE Asks EU Court to Overturn Honeywell Merger Ban
Luxembourg, May 28-- General Electric Co. appealed Thursday for a European Union court to overturn a ban on its merger with Honeywell International Inc. claiming EU regulators buried evidence and disregarded data.
Dow to Expand Latex Production in China
Midland, MI, May 28--Dow Latex, the latex business of The Dow Chemical Company announced plans to add a second styrene/butadiene latex train in its production site in Zhangjiagang, China, to better meet the growing customer needs in the Greater China regi