Mohawk Expects to Meet Estimates
Atlanta, GA, Apr. 10--Mohawk Industries expects to meet Wall Street's lowered consensus earnings forecast for the second quarter, according to John Swift, the company's chief financial officer.
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.
Pergo's Acquisition of Witex Postponed
Trelleborg, Sweden, Apr. 9—Pergo and HW Industries GmbH and Co KG have decided to postpone the closing of the merger of Pergo and Witex until at least the beginning of May.
Burlington Targets Summer Emergence
Greensboro, NC, Apr. 8--Burlington Industries expects to emerge from bankruptcy this summer and has until July 31 to get its creditors and lenders to sign off on the reorganization plan.
Unemployment Remains At 5.8%
Washington, D.C., Apr. 4--U.S. companies cut 108,000 jobs in March following huge cuts the month before as war in Iraq affected the economy at home. However, the overall civilian unemployment rate held steady at 5.8%, according to the Labor Department.
Lowe’s Won’t Cut Expansion
Wilkesboro, NC, Apr. 3--Lowe's Cos. hasn't seen anything in the U.S. housing market that would cause it to pull back on its plans to open 130 stores this year, according to company executives.
Berkshire Hathaway to Buy Home Builder
Omaha, NE, April 2—Berkshire Hathaway has agreed to buy modular home builder Clayton Homes Inc. for $1.7 billion in cash.
Solutia Shows Loss
St. Louis, MO, Apr. 24--Solutia Inc. had a first quarter loss from continuing operations of $17 million, or $0.16 per share, on net sales of $596 million.
GE Consumer Finance, Lowe's Sign Credit Deal
Stamford, CT, April 22--GE Consumer Finance has signed a seven-year extension of its agreement with Lowe's Companies, Inc., to continue to provide private label credit card services for the home improvement retailer's consumer and commercial custo
Georgia And North Carolina Vie For New Pergo Facil
Garner, NC, April 21--Industrial recruiters in Georgia and North Carolina are competing for a $36 million Pergo expansion, according to the Raleigh News Observer.
Honeywell’s Sales Up
Morris Township, NJ, Apr. 17—Honeywell’s first quarter earnings per share before the cumulative effect of the required implementation of Statement of Financial Accounting Standards No. 143 (SFAS 143) were $0.32 per share, in line with prior earnings guida