JP Morgan Gives Mohawk Neutral Rating
New York, NY, Oct. 8--Analysts at JP Morgan initiate coverage of 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.
Judge Questions Case Against Martha
New York, NY, Oct. 9--A federal judge mocked the criminal case against Martha Stewart, then handed her a victory by allowing her lawyers to question key government witnesses before her big trial in January, court papers show.
Growth In Home Sales Expected Next Year
Washington, DC, Oct. 7--Even with an expected acceleration in economic growth, inflation should remain low. That will maintain a low level of mortgage interest rates and keep housing near historic highs in 2004.
Popular Program For Manufacturers May Get Reprieve
New York, NY, Oct. 8--Capitalizing on the political heat over job losses and erosion in their sector, smaller manufacturers are expected to win a reprieve for a federally supported program.
Plywood Costs Double
Atlanta, GA, Oct. 8--An extremely rainy spring in the South has left plywood in short supply and has driven costs through the roof.
Martha's Ex-Broker Wants Separate Trial
New York, NY, Oct. 8--A former Merrill Lynch & Co. broker indicted along with homemaking icon Martha Stewart on obstruction charges has requested a separate trial from his high-profile co-defendant.
AFPF Publishes Installation Guidelines
Arlington, VA, Oct. 8--The Alliance for Flexible Polyurethane Foam (AFPF) has just published Installation Guidelines for Commercial Carpet and Commercial Bonded Polyurethane Carpet Cushion.
Lowe's Eyes Europe
Wilkesboro, NC, Oct. 8--Lowe's executives are in Europe this week, meeting with retailers including Kingfisher, a British chain Home Depot is interested in acquiring.
Design Key For Florida Flooring Store Owner
Port Charlotte, FL, Oct. 7--Marjorie Benson has an eye for design. "I can look at a blueprint and see what it's going to look like," said the owner of Friendly Floors.
Housing Trends Aid Building Product Firms
New York, NY, Oct. 6--Strong sales in the housing market and stepped-up consumer spending should translate into solid third-quarter results for suppliers of building products.