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.
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.
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.
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.
Steve Forbes To Give Coverings' Keynote Addres
Alexandria, VA, Nov. 14--Coverings announced today that Steve Forbes, president and CEO of Forbes, Inc. and editor-in-chief of Forbes Magazine, will be the keynote speaker for this leading global trade event for ceramic tile, natural stone, flooring and r
Austrian Insulation Firm To Show At Surfaces
Kremsmünster, Austria, Nov. 17--For the first time ever, Greiner Perfoam will exhibit at Surfaces, held in Las Vegas, Nevada, from January 28th-30th.
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.
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