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.
Calhoun, GA, May 19--Mohawk Industries, Inc.today announced the promotion of Jeffrey S. Lorberbaum, President and CEO, to Chairman of the Board with the resignation of David L. Kolb from the Chairman position.
Newark, NJ, May 18--A federal judge was removed from three of the five bankruptcy cases he had been overseeing involving companies sued by people exposed to asbestos.
Washington, DC, May 14--U.S. industrial production rose 0.8 percent in April--the seventh increase in the last eight months.
Washington, DC, May 12--An improving economy, low mortgage interest rates and a large underlying demand for housing kept total state existing-home sales near record levels in the first quarter.
St. Louis, MO, May 12--Jeffry Quinn, a lawyer who's the new chief executive of Solutia Inc., says he hopes to resolve key issues of its bankruptcy reorganization in a boardroom, not a courtroom.
Charlotte, NC, May 11--Honeywell Nylon is announcing a price increase of 5% over the May price for all residential and commercial carpet fiber products (bcf, staple & resin), effective May 29.
Omaha, NE, May 8--Berkshire Hathaway Inc.'s reinsurance business, which led Warren Buffett's company to a record 2003 profit, helped cause a 10% drop in first-quarter earnings.
Washington, DC, May 7--Payrolls grew at a rapid pace for a second month in a row, driving the unemployment rate lower and suggesting that the "jobless recovery" has finally bloomed into a real recovery.
Washington, DC, May 6--Productivity rose in the opening quarter of the year even as employers added to payrolls, while new filings for jobless benefits plunged last week to their lowest level in more than three years.
Auckland, New Zealand, May 5, Feltex Carpets Limited confirmed its intention to list on the New Zealand sharemarket through the launch today of a public offering of its shares.