Mohawk Names Floorscapes Dealer of Year
Phoenix, AZ, December 14, 2007— Mohawk named Kelly’s Carpet Omaha as the 2007 Dealer of the Year during the Floorscapes Convention in Phoenix in late November.
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Higher Costs Make China Less Competitive
Shanghai, China, December 14, 2007—Rising costs may be diluting China’s competitive advantage, according to a survey by the American Chamber of Commerce in Shanghai.
Consumer Prices Surge in November
Washington, DC, December 14, 2007--Consumer prices rose by the largest amount in more than two years in November.
Armstrong Holdings Distributes $28M in Assets
Lancaster, PA, December 13, 2007--Armstrong Holdings Inc., the parent company of Armstrong World Industries Inc., has distributed all its assets.
Despite Fed Cut, Mortgage Rates Rise
Chicago, Ill., December 13, 2007-- Mortgage rose this week despite the Federal Reserve's cut earlier in the week. The rate for 30-year fixed mortgages averaged 6.11% this week, up from last week's 5.96% average.
Solutia Stock Offerings To Raise $425 Million
St. Louis, MO, December 13, 2007--Solutia Inc. said that both its creditor rights and equity rights stock offerings have been over-subscribed.
Shaw Sponsors 2008 HGTV Green Home Giveaway
Dalton, GA, December 12, 2007- Shaw will sponsor the 2008 HGTV Green Home Giveaway.
Producer Prices Climb Higher Than Expected
Washington, DC, December 13, 2007 - Producer prices swelled 3.2% in November, the biggest rise in 34 years, the Labor Department said.
Initial Jobless Claims Fall
Washington, DC, December 13, 2007--Initial jobless claims fell 7,000 to 333,000 in the week ended December 8.
Morgan Keegan Maintains Mohawk’s “Market Perform"
New York, NY, December 13, 2007--Analysts at Morgan Keegan reiterated their "market perform" rating on Mohawk Industries Inc , while reducing their estimates for the company.