Business Inventories Rise Unexpectedly
Washington, DC, Nov. 17--U.S. business inventories unexpectedly rose 0.3 percent in September as unsold stocks of autos accumulated at the fastest clip since February, a government report showed on Monday.
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.
Quarterly Total State Home Sales Hit New Record
Washington, DC, Nov. 14--Total state existing-home sales activity in the third quarter was the highest on record, with 48 states and the District of Columbia posting increases from a year ago.
Eco-Friendly Structures Catching On
Pittsburgh, PA, Nov. 17--They've figured out how to build carpets from recycled materials, urinals that don't use water, and energy-efficient roofs covered with plants, according to the Philadelphia Inquirer.
Sears Note Tender Completed
Hoffman Estates, IL, Nov. 17--Sears Roebuck & Co. said about $5.9 billion in notes, excluding redemptions in 2004, were tendered in its cash offer to buy $11.8 billion of its debt.
Economists Lift Forecasts For Early 2004
New York, NY, Nov. 12--Economists are nudging higher their projections for economic growth early next year, suggesting they are becoming more confident the recovery is sustainable.
SCS Certifies The Invironmentalists Flooring Manag
Atlanta, GA, Nov. 14--The Invironmentalists announced today that its flooring management system is the first service to be EPP Certified by Scientific Certification Systems (SCS).
Wholesale Prices Rise
Washington, DC, Nov. 14--Wholesale prices grew at the fastest pace in seven months in October.
Moody's Confirms Mohawk's Long Term Debt R
New York, NY, Nov. 13--Moody's Investors Service confirmed the Baa2 long term debt rating of Mohawk Industries, Inc. with a stable outlook following the announcement the company had completed its acquisition of Lees Carpet.
New Filing In Mohawk Lawsuit
Atlanta, GA, Nov. 13--A filing in a lawsuit against Mohawk Industries Inc. claims the nation's second-largest carpet maker has withheld crucial evidence and tried to silence a witness in the case of a rookie police officer who died in an accident at o
Retail Sales Down
Washington, DC, Nov. 14--Retail sales fell slightly more than expected in October as demand tumbled for motor vehicles and parts.