Second Quarter Business Productivity Declines
Washington, DC, Aug. 9, 2011 -- Business productivity declined in the second quarter, the Labor Department said Tuesday, and first-quarter figures were revised lower.
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.
Private Equity Firm To Take Control of Brintons
Kidderminster, England, Aug. 8, 2011 -- Private equity firm Carlyle Group has agreed to take control of Brintons Carpets for $62.3 million, according to the Sunday Times.
Mohawk Stock Upgraded; Stifel Lowers Estimates
New York, NY, Aug. 8, 2011 -- Analysts at Credit Suisse on Friday upgraded shares of Mohawk Industries from an "underperform" rating to a "neutral" rating.
Cersaie 2012 Focusing on Sustainability
Bologna, Italy, Aug. 8, 2011 -- Cersaie 2012 will begin the “Cersaie for Sustainability” project to reduce its carbon footprint.
Fannie Mae Need More Funds from Taxpayers
Washington, DC, Aug. 8, 2011 -- Fannie Mae said it needs an additional $5.1 billion from the government due to continued losses on loans made before to 2009.
Anderson Receives Georgia Tech Honorary Ph.D.
Atlanta, GA, Aug. 8, 2011 -- Interface founder and chairman Ray Anderson, was awarded an honorary doctorate from Georgia Tech for his work championing of the business case for sustainability.
Mohawk Reports Lower Earnings on Higher Sales
Calhoun, GA, Aug. 4, 2011 -- Mohawk Industries reported second quarter net earnings of $61 million and earnings per share of $0.88. A year ago Mohawk recorded earnings of $68 million and per share earnings of $0.95.
Jobless Rate Improved and Payrolls Rose in July
Washington, DC, August 5, 2011--Last month, the economy improved as 117,000 new jobs were added, following a 46,000 job increase in June, according to the Labor Department.
Oil Prices Continue Recent Plunge
New York, NY, Aug. 5, 2011 -- Oil prices extended recent sharp losses, falling to near $85 a barrel Friday.
Teragren Signs Distributor The Master's Craft
Bainbridge Island, WA, Aug. 2, 2011 -– Bamboo flooring firm Teragren said it has signed a new distribution agreement with The Master’s Craft.