Home Price Growth Slows
Washington, DC, Jun. 2--Home prices climbed, but at a slower rate in the first three months of 2004, after the year-end rush to buy homes on fears of rising mortgage rates tapered off, a government agency said on Tuesday.
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.
Job Cuts Flat in May
Washington, DC, Jun. 1--Job reductions by U.S. corporations were nearly unchanged in May at 73,368, up 1.6 percent from April's 72,184, according to a monthly tally released Tuesday by outplacement firm Challenger Gray & Christmas.
Moody's Raises Mohawk’s Outlook to Positive
New York, NY, May 31--Moody's Investors Service affirmed the Baa2 senior unsecured and other ratings of Mohawk Industries, Inc., but changed the outlook from stable to positive.
Lowe's Names Executive VP
Mooresville, NC, Jun. 1--Lowe's Companies, Inc. announced at its annual meeting of shareholders that the company has promoted Robert F. Hull Jr. to executive vice president and chief financial officer.
Armstrong Names VP of Product Styling & Design
Lancaster, PA, May 28--Armstrong Floor Products today named Jim Mathis, vice president, Product Styling & Design.
Lowe's Feels Younger Stores, New Programs Give
Charlotte, NC, May 31--Lowe's Cos. younger portfolio of retail stores and new programs will help distinguish it from larger rival Home Depot Inc. as that home-improvement retailer adopts some of the same strategies Lowe's has used for years, top e
Manufacturing Sector Grows
Tempe, AZ, Jun. 1--Economic activity in the manufacturing sector grew in May for the 12th consecutive month, while the overall economy grew for the 31st consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Bu
Construction Spending Up
Washington, DC, Jun. 1--Spending on construction increased 1.3% in April, estimated at a seasonally adjusted annual rate of $970.4 billion, the Commerce Department said Tuesday.
GE Asks EU Court to Overturn Honeywell Merger Ban
Luxembourg, May 28-- General Electric Co. appealed Thursday for a European Union court to overturn a ban on its merger with Honeywell International Inc. claiming EU regulators buried evidence and disregarded data.
Dow to Expand Latex Production in China
Midland, MI, May 28--Dow Latex, the latex business of The Dow Chemical Company announced plans to add a second styrene/butadiene latex train in its production site in Zhangjiagang, China, to better meet the growing customer needs in the Greater China regi