IVC Deal a Good Sales Opportunity for Mohawk
New York, NY, Jan. 15, 2015 -- Stifel Nicolaus still has a "buy" rating on shares of Mohawk Industries following Mohawk's announced acquisition of vinyl firm IVC for $1.2 billion.
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.
The Mohawk Group and Starnet Decide Not to Renew Partnership Contract
Atlanta, GA, Jan. 14, 2015 – Negotiations to renew The Mohawk Group and Starnet contract failed to successfully reach a satisfactory agreement for both parties. As a result, the partnership between Starnet and Mohawk has ended.
Initial Jobless Claims Highest Since September
Washington, DC, Jan. 15, 2015 – Initial claims for unemployment benefits last week increased to the highest level since early September, according to the Labor Department.
Couple Sues Wood Manufacturer Over Rare Infestation
Newfoundland, Canada, Jan. 15, 2015 -- Homeowners here are seeking compensation in small claims court following a rare powderpost beetle infestation in their hardwood flooring, according to CBC News.
H.B. Fuller Reports Higher Revenue, Lower Profit
St. Paul, MN, Jan. 15, 2015 -- Adhesives maker H.B. Fuller Company reported fourth quarter net income of $10.8 million, or $0.21 per share, compared to net income of $21.9 million, or $0.43 per share, a year ago.
Producer Prices Decline in December
Washington, DC, Jan. 15, 2015 –- Producer prices fell by 0.3% in December, according to the Commerce Department.
NWFA To Hold Wood Manufacturers Assembly
St. Louis, MO, Jan. 15, 2015 -- The National Wood Flooring Association has announced it will hold its Wood Flooring Manufacturers Assembly, March 24-25, at the OMNI Hotel in Nashville.
Builder Lennar Sees Profits Surge in Fourth Quarter
Miami, FL, Jan. 15, 2015 -- Homebuilder Lennar Corp. reported fourth-quarter profit rose by 52% to $245.3 million, or $1.07 per share.
Mortgage Applications Spike Higher Last Week
Washington, DC, Jan. 14, 2015 -- Mortgage application volume spiked last week, according to the Mortgage Bankers Association.
Interface Names New Chief Operating Officer
Atlanta, GA, Jan. 14, 2015 -- Interface said it has hired a new chief operating officer from outside the company.