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.

Mohawk Downgraded by Morgan Keegan

Mohawk Downgraded by Morgan Keegan

New York, October 22, 2007--Analysts at Morgan Keegan downgrade Mohawk Industries Inc (MHK.NYS) to "market perform," while reducing its estimates for the company.

Mohawk 3Q Earnings Off 5%, Beat Estimates

Mohawk 3Q Earnings Off 5%, Beat Estimates

Calhoun, GA, October 18, 2007--Mohawk Industries, Inc. announced 2007 third quarter net earnings of $122 million and diluted earnings per share (EPS) of $1.78 (both 5% below last year).

Child Labor in India Could Affect Carpetmakers

Child Labor in India Could Affect Carpetmakers

New Delhi, India, October 19, 2007--Union Minister of State for Commerce Jairam Ramesh on Thursday warned Indian carpet manufacturers against using child labor, which could lead to a ban on exports to the United States and other Western nations.

Architecture Billings Index Drops

Architecture Billings Index Drops

Washington, DC, October 17, 2007--Following a six point decline in August, the Architecture Billings Index (ABI) for September dropped to its lowest level since June 2006.