UBS Reiterates Mohawk’s Buy Rating
New York, NY, July 9-- In a research note published yesterday, analysts at UBS reiterate their "buy" rating on Mohawk. The target price has been raised from $98 to $100.
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.
Collins & Aikman Sees 2nd Quarter Profit
Troy, MI, July 9—Automotive carpetmaker Collins & Aikman Corp., said it expects to post a second-quarter operating profit of $21 million to $27 million after restructuring costs.
Minuteman and Hako-Werke to Merge
Addison, IL, July 9-- Minuteman International, Inc. the floor-care equipment and chemical manufacturer, announced today that it has entered into a definitive merger agreement with Hako-Werke International.
Consumer Borrowing Rises
Washington, DC, July 9-- Americans stepped up their borrowing in May as an improving jobs market and growing economy gave consumers more confidence to take on debt.
EPA Says DuPont Violated Reporting Rules
Washington, DC, July 8--The U.S. Environmental Protection Agency accused DuPont & Co. (DD) of violating federal reporting requirements related to the potential health risks of a chemical used in the manufacture of Teflon.
Wholesale Inventories Rise
Washington, DC, July 9--Wholesale inventories ballooned in May as stockpiles of durable goods racked up the biggest gain in over four years.
UK’s Floors 2 Go Sales Up 224%
Birmington, England, July 9--Sales at the UK's largest retailer of hardwood and laminate flooring products Floors 2 Go, were up 224 per cent in the first six months of this year.
Manufacturing Recovery Gaining Momentum
New York, July 9--The recovery in U.S. manufacturing appears to be gaining momentum, as a survey of the nation's top manufacturers on future business activity, including orders, shipments and investment, reached a record for the third-straight quarter
NAR: Higher Interest Rates Won't Hurt Housing
Washington, DC, July 8--Interest rates are rising due to healthy economic growth and they won't dampen the general strength of the nation's housing market, according to the National Association of Realtors.
Mannington Wins Best of NeoCon Award
Calhoun, GA, June 8--Mannington Commercial, was awarded a "2004 Best of Neocon - Editor's Choice" Award for its ArtCraft Collection of modular carpet tiles.