Mohawk Upgraded to Outperform
New York, NY, February 27--Analysts at Morgan Keegan upgrade Mohawk Industries Inc., to "outperform," while reducing their estimates for the company.
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.
Las Vegas Market January ’06 Draws 50,000 Plus
Las Vegas, NV, February 23, 2006--Six months after the debut of the highly successful inaugural Las Vegas Market, which was the largest show launch in U.S. trade show history, all eyes in the international home furnishings industry were focused on the sec
Help-Wanted Advertising Index Dips
New York, NY, February 24, 2006--The Conference Board Help-Wanted Advertising Index – a key measure of job offerings in major newspapers across America – dipped one point in January.
Home Depot Boosts Buyback by $1 Billion
Atlanta, GA, February 24, 2006--Home Depot said its board authorized the repurchase of an additional $1 billion worth of outstanding shares, bringing the total buyback authorization to $12 billion.
Solutia Gets Pledge to Extend and Upsize DIP Finan
St. Louis, February 24, 2006--Solutia Inc., today announced it has received a fully underwritten commitment for $825 million of debtor-in-possession (DIP) financing, maturing March 31, 2007.
Durable Goods Orders Off 10.2% on Lower Aircraft O
Washington, DC, February 24, 2006--Durable goods orders dropped 10.2% in January as aircraft orders dried up after three months of strength, the Commerce Department reported Friday.
Toll Brothers 1Q Earnings Up 49%
Horsham, PA, February 23, 2006--Luxury home builder Toll Brothers on Thursday reported a 49% improvement in first-quarter profit, while noting that speculators are leaving the housing market.
Online Job Demand Rises or Holds Steady in 15 of T
New York, NY, February 23, 2006—According to to the latest findings of the Monster Local Employment Index, online job availability increased or held steady in more than half of the top 28 U.S. metropolitan areas in January.
Sherwin-Williams Shares Drop on Lead Paint Ruling
Providence, RI, February 23, 2006--Sherwin-Williams stock fell as much as 22% Wednesday on reports that a verdict from a Rhode Island jury could cost the nation's biggest paint maker millions.
Robbins Flooring Michigan Plant to Lays Off 14-16
Ishpeming, MI, February 23, 2006--The Robbins Flooring mill in Ishpeming has been severely downsized.