Today's Flooring News

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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.

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.

Lowe's Posts Earnings Increase

Mooresville, NC, Nov. 17--Lowe's Companies, Inc. today reported net earnings of $452 million for the quarter ended October 31, a 33.3 percent increase over the same period a year ago.

Wholesale Prices Rise

Washington, DC, Nov. 14--Wholesale prices grew at the fastest pace in seven months in October.

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.

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.

Burlington Emerges from Bankruptcy

Greensboro, NC, Nov. 13--Burlington Industries Inc. ended its nearly two-year stay in bankruptcy yesterday with little fanfare and what its new owner believes is a viable strategy in the highly competitive textile industry, according to the Winston-Salem