Analyst Upgrades Mohawk Shares to 'Buy'
Baltimore, MD, June 14, 2010--Analyst Stifel Nicolaus has upgrade shares of Mohawk Industries to "buy" with a target price of $70. The stock recently traded around $50 per share.
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.
Housing Recovery Depends on Jobs, Harvard Says
Cambridge, MA, June 14, 2010--An extended recovery of the housing market ultimately depends on job growth, according to a Harvard University study.
Invista Begins Antron Marketing Innovation Award
Atlanta, GA, June 14, 2010--Invista said it has introduced the Antron Brand Match Marketing Innovation Award.
Weaker Euro Has OW Renegotiating Prices
Cairo, Egypt, June 14, 2010--Oriental Weavers is negotiating to raise prices on some of its contracts with European importers due to the weakening of the euro against other currencies this year, the company said on Sunday.
Milliken Contract on London Times Green List
Spartanburg, SC, June 11, 2010--For the second year running, Milliken Contract is ranked among the top green companies in the United Kingdom, the company said.
Mannington NeoCon Booth Wins Creative Award
Chicago, IL, June 14, 2010--The International Interior Design Association announced that Mannington Commercial has won the 2010 Creative Excellence Award for Best Showroom under 2,000 square feet, at NeoCon World’s Trade Fair.
Multi-Family Housing Market Shows Improvement
Washington, DC, June 11, 2010--The multifamily market showed signs of moving back toward stability in the first quarter of 2010, according to the National Association of Home Builders Multifamily Market Index.
Consumer Sentiment Highest Since January '08
Ann Arbor, MI, June 11, 2010--U.S. consumer sentiment rose in early June, hitting the highest level since January 2008, according to the Reuters/University of Michigan index.
Invista To Close Operations at Two European Sites
Kerkrade, The Netherlands, June 11, 2010--Fiber maker Invista has begun consultation with its works councils and unions to cease flooring operations at its site in Östringen, Germany, and its nylon processing operations in Kerkrade, The Netherlands.
Retail Sales Fell Unexpectedly in May
Washington, DC, June 11, 2010--Retail sales fell in May by the largest amount in eight months, according to the Commerce Department.