Analyst Believes Mohawk Stock Fairly Priced
New York, NY, Sept. 16, 2008--Cowen & Co. began coverage on Mohawk Industries with a neutral rating.
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.
Kronotex Signs South Atlantic Distributor
Pinellas Park, FL, Sept. 15, 2008--A&M Supply Corporation said it has signed an agreement with Kronotex USA to distribute laminate flooring in Florida, Maryland, Virginia, West Virginia, and Washington D.C.
Credit Suisse Downgrades Home Depot, Lowe's
New York, NY, Sept. 15, 2008--Credit Suisse has downgraded the ratings of two top U.S. home improvement retailers, Home Depot Inc., and Lowe's, to neutral from outperform.
Consumer Confidence Surges on Cheaper Gasoline
Ann Arbor, MI, Sept. 12, 2008—Confidence among U.S. consumers rose the most in more than four years, fueled by a decline in gasoline prices.
AIA Wants Renewal of Energy Efficient Tax Deduct
Washington, DC, Sept. 15, 2008--The American Institute of Architects is calling for Congress to support the Energy Efficient Commercial Buildings Tax Deduction and prevent the incentive from sunsetting at the end of the year.
Rieter Closing Needlepunch Carpeting Plant
Winterthur, Switzerland, Sept. 15, 2008--Textile and automotive systems supplier Rieter will cease production at its Bebra/Germany automotive components plant up to the end of 2010.
Galleher Acquires Floor Services Supply
Santa Fe Springs, CA, Sept. 12, 2008--Galleher Corp. has acquired assets of distributor Floor Services Supply of Sacramento, Calif.
One Measure of Consumer Confidence Spikes Higher
New York, NY, Sept. 12, 2008--Consumer confidence has improved heading into fall, due partly to dips in gas prices and excitement over the presidential race, according to the Royal Bank of Canada Consumer Attitudes and Spending by Household Index.
Texas Invista Plants Closing for Ike
Houston, TX, Sept. 12, 2008--Koch Industries subsidiary Invista has begun to shut down temporarily three of its plants in south Texas because of hurricane Ike and told those employees not to report for work today.
Teragren Raising Bamboo Prices
Bainbrdge Island, WA, Sept. 11, 2008 – Bamboo specialist Teragren said it is raising prices for its flooring products by approximately 8.5 percent effective Oct. 1.