Analyst Maintains Mohawk Rating, Reduces Estimates
New York, June 2, 2006--Analysts at Stifel Nicolaus & Company maintain their "hold" rating on Mohawk Industries Inc., 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.
Construction Spending Off in April
Washington, DC, June 2, 2006--Construction spending fell 0.1% in April, dragged down by a 1.1% drop in spending on home construction, the Commerce Department said Thursday.
Jobless Rate Falls to 4.6%, Job Growth Weak
Washington, DC, June 2, 2006--The unemployment rate ticked lower in May to 4.6% from 4.7% in April, according to the Labor Department.
U.K. Patent County Court Denies Request
Wielsbeke, Belgium, June 2, 2006--On May 26, 2006, in a case of patent infringement on Unilin's glueless technology, The Patent County Court in London denied B&Q and Berry Floor’s request to continue enforcement of the final judgement issued on July 3
Opoczno Opens Russia Subsidiary
Warwaw, Poland, June 2, 2006--Polish ceramic tiles maker Opoczno registered a subsidiary to handle sales in Russia.
Many Still Critical of Home Depot
Atlanta, GA, June 2, 2006--In the wake of Home Depot Inc.'s annual meeting flap, observers say the home improvement giant's board may have created some unintended consequences.
Retailers Sales Up in May
New York, NY, June 2, 2006--Defying rising gasoline and utility prices and extending their April shopping spree, consumers rushed to shopping centers and malls in May.
Hakatai Intros Aventurine Series
Ashland, OR, June 2, 2006--Hakatai Enterprises Inc., importer and distributor of glass mosaic tile, introduced Aventurine Series ¾” x ¾” glass tile.
StarNet Announces Design Award Winners
Ridgefield, CT, June 2, 2006--StarNet Commercial Flooring Cooperative announced its eighth Annual Design Award recipients at its recent annual meeting in Bal Harbour, Florida.
1Q Productivity Revised Up
Washington, DC, June 1, 2006--Productivity rose at an annual rate of 3.7% in the first quarter, stronger than the 3.2% gain reported earlier, the Labor Department said Thursday.