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.
Wisconsin Retailer Opens in New Location Seeking I
Racine, WI, October 7, 2005 -- Like father, like son; Shannon Curtin is getting serious about the flooring business.
Foam Shortage Hits Furniture Makers
New York, NY, October 6, 2005--The nation's furniture makers, already hurt by sluggish retail sales this year, now must contend with a supply shortage that might slow deliveries and dent profits.
Former Owners of Ohio Flooring Retailer Face Tax C
Columbus, OH, October 6, 2005--A federal grand jury in Columbus handed up a seven-count indictment Wednesday alleging tax evasion, conspiracy to commit tax fraud and filing false income tax returns against the company's former owners and their associa
StonePeak Intro New Product Line at Exclusive Dist
Chicago, IL, October 6, 2005--StonePeak Ceramics, Inc., an American tile company that manufactures and markets high-quality porcelain ceramic tile for residential and commercial use, introduced three new lines of glazed porcelain ceramic tile at an exclus
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.
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.