Consumer Sentiment Lower Than Expected
Ann Arbor, MI, February 15, 2008--U.S. consumer sentiment fell in February, according to the consumer sentiment survey released Friday by University of Michigan and Reuters.
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.
Home Sales, Prices Plummet in Fourth Quarter
Washington, DC, February 15, 2008--Sales of existing homes fell across the country during the fourth quarter, with metropolitan areas showing continuing weakness, according to the National Association of Realtors.
Mohawk Dealer Wins $50,000 in Convention Game
Orlando, FL, February 15, 2008--Todd Wenner, a Mohawk Colorcenter Elite dealer, won $50,000 in a dice game during Thursday night’s Sales Extravaganza event at the Annual Colorcenter Convention.
Home Builders Launch Green Building Program
Orlando, FL, February 14, 2008 - The National Association of Home Builders has launched the NAHB National Green Building Program, an education, verification and certification program that will allow builders anywhere to build green homes.
Judge Delays Deposition Ruling in Solutia Case
New York, NY, February 15, 2008--A federal judge has delayed ruling on whether to compel Citigroup Inc. Chief Executive Vikram Pandit to answer questions about the bank's decision to back out of Solutia Inc.'s $2 billion bankruptcy-exit financing.
Interest in Sustainable Flooring Rising, AIA Says
Washington, D.C., February 14, 2008 — Renewable materials and energy-efficient products for kitchens and baths have risen in popularity, according to the American Institute of Architects.
Johnsonsite Launches Website on Sustainability
Chagrin Falls, OH, February 14, 2008 – Johnsonite has launched johnsoniteenvironment.com.
Manufacturing Flat in January, Fed Reports
Washington, DC, February 15, 2008-- The Federal Reserve said that industrial production rose by 0.1 percent in January, matching the December increase.
Foamex Credit Rating Cut by S&P
New York, NY, February 15, 2008--Standard & Poor's Ratings Services has cut the corporate credit rating on Foamex LP to 'B-' from 'B' and placed the rating on negative watch.
Mohawk Earnings Rise on One Time Tax Benefit
Calhoun, GA, February 13, 2008--Net income for Mohawk Industries Inc. fell in the fourth quarter compared to a year ago. The company reported net income of $107.5 million, or $1.57 per share compare to $129.5 million and $1.90 per share a year ago.