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.

Lorberbaum Assumes Role of Mohawk Chairman

Calhoun, GA, May 19--Mohawk Industries, Inc.today announced the promotion of Jeffrey S. Lorberbaum, President and CEO, to Chairman of the Board with the resignation of David L. Kolb from the Chairman position.

Industrial Production Rises

Washington, DC, May 14--U.S. industrial production rose 0.8 percent in April--the seventh increase in the last eight months.

Existing-Home Sales Shy of Record

Washington, DC, May 12--An improving economy, low mortgage interest rates and a large underlying demand for housing kept total state existing-home sales near record levels in the first quarter.

New Solutia CEO Working on Reorganization Plan

St. Louis, MO, May 12--Jeffry Quinn, a lawyer who's the new chief executive of Solutia Inc., says he hopes to resolve key issues of its bankruptcy reorganization in a boardroom, not a courtroom.

Honeywell Nylon Announces Price Increase

Charlotte, NC, May 11--Honeywell Nylon is announcing a price increase of 5% over the May price for all residential and commercial carpet fiber products (bcf, staple & resin), effective May 29.

Payrolls Up, Unemployment Rate Down

Washington, DC, May 7--Payrolls grew at a rapid pace for a second month in a row, driving the unemployment rate lower and suggesting that the "jobless recovery" has finally bloomed into a real recovery.

Productivity Rises

Washington, DC, May 6--Productivity rose in the opening quarter of the year even as employers added to payrolls, while new filings for jobless benefits plunged last week to their lowest level in more than three years.