S&P Downgrades Ratings on Mohawk
New York, NY, October 10, 2005-- Standard & Poor's Ratings Services on Friday lowered its corporate credit rating and unsecured debt ratings on Mohawk Industries Inc. to BBB- from BBB+.
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.
UK’s Victoria Issues Earnings Warning
London, England, October 7, 2005 -- Shares in carpet maker Victoria came under pressure after it warned that that full-year profits are likely to be "significantly lower" than current market expectations, according to a report from ShareCast.
Flooring Companies Recognized at the Symposium on
Atlanta, GA, October 7, 2005 -- The Symposium on Healthcare Design in Atlanta attracted more than 1,200 healthcare executives, facility managers, architects, consultants and interior designers.
September Payrolls Drop Less Then Expected
Washington, DC, October 7, 2005 -- Payrolls fell by only 35,000 in September, according to a Labor Department report. It was the first decline in more than two years.
Shaw Announces Lineup of 2006 Winter Markets
Dalton, GA, October 6, 2005--Continuing its objective of showcasing new products and retail programs to customers through regional markets, Shaw Industries has announced its schedule of winter shows to be held in January and February of 2006.
ASCER Opens IVth Tile of Spain Award Competition
Castellon, Spain, October 7, 2005 -- The Spanish Ceramic Tile Manufacturers’ Association (ASCER) has announced that the competition for the IVth Tile of Spain Awards is now open.
Wholesale Sales and Inventories Up
Washington, DC, October 10, 2005—Wholesale sales increased 1.3% in August, for the the fastest gain since April, according to the Commerce Department.
Two-Thirds of Adults Go Online, One-Third Do Not
Washington, D.C., October 6, 2005 – Sixty-eight percent of American adults, or about 137 million people, use the Internet, up from 63% one year ago.
Jobless Claims Up 21,000
Washington, D.C., October 6, 2005--First-time claims for state unemployment benefits rose in the latest week, according to the Labor Department. Initial claims for the week ending Oct. 1 rose 21,000 to 390,000.
Despite Hurricanes, Port Congestion Low
Washington, D.C., October 6, 2005 — Despite recent hurricanes, congestion levels are low and cargo is flowing smoothly at the nation’s major retail container ports as merchants move into the peak shipping cycle for the annual holiday sales season.