Mohawk''s Earnings Soar
Calhoun, GA, Oct. 15--Mohawk Industries had record quarterly net earnings of $81.56 million (46% above last year) and diluted earnings per share (EPS) of $1.21
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.
Manufacturing Slows
Tempe, AZ, Oct. 2—U.S. manufacturing activity contracted in September after seven straight months of growth, suggesting a nascent rebound has stalled.
Pergo Signs License Agreements
Trelleborg, Sweden, Oct. 8—Pergo has signed license agreements with three laminate producers: Kaindl, Kronospan and Kronotex.
Unemployment Down A Little
Washington, DC, Oct. 4—According to the Labor Department, the nation’s unemployment fell to 5.6% of the labor force in September as the struggling economy produced more than enough new jobs to offset payroll cutting by businesses.
Foamex Terminates GFI Cushion Deal
Linwood, PA, Oct. 4—Foamex International’s deal with Leggett & Platt for the sale of Foamex’s GFI carpet cushion business have been terminated.
Armstrong Looks To Refinance
Lancaster, PA, Oct. 8—Armstrong World Industries has filed papers with the court handling its almost two year old Chapter 11.
Assistant Broker Pleads Guilty
New York, NY, Oct. 3—The brokerage assistant involved in alleged insider trading by Martha Stewart has cut a deal with prosecutors, pleading guilty to a misdemeanor yesterday—a move that could spell further trouble for her.
Construction Spending Drops
Washington, DC, Oct. 2—Construction spending dropped by 0.4% in August led by cutbacks in private builders'''' projects including offices, industrial complexes and hotels, according to reports from the Commerce Department.
Retail Sales Off In September
(Washington, DC, Oct. 11) Consumers cut back on their spending in September, driving down sales at the nation''s retailers by 1.2%.
Schilling To Head Tandus
(Dalton, GA, Oct. 10) Tandus Group has strengthened its senior management team with the transition of Lee Schilling.