CPI Up 0.5% in July
Washington, DC, August 16--The consumer prices index rose 0.5% in July, according to the Labor Department. The core index, which excludes food and energy increased 0.2%.
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 Realigns Residential & Commercial Flooring
Calhoun, GA, August 16--Mohawk Industries has realigned its Mohawk residential and commercial flooring businesses into two strategic business units (SBUs) designed to enhance operations and customer service.
Brazilian Exhibitors Generate $22 Million at Cover
Alexandria, VA, August 16--The Brazilian tile and stone exhibitors at Coverings 2005 reported over US$22 million in revenue (5.5 million square meters of ceramic tile) resulting from business generated at the show.
Patcraft Commercial Carpet Unveils Pinstripe Tile
Dalton, GA, August 16--Bold graphic stripes and a visual color texture combine to create Pinstripe Tile’s stylized geometry, a new product from Patcraft Commercial Carpet.
Propex Fabrics Reports 2Q Results
Austell, GA, August 16--Propex Fabrics reported total net revenue that increased $10.3 million, or 6.5%, from $157.8 million in the second quarter of 2004 to $168.1 million in the three months ended June 30, 2005.
Hunter Douglas Forms Horizontal Blinds Division
Upper Saddle River, NJ, August 16--Hunter Douglas has formed the Hunter Douglas Horizontal Blinds Division, headed by Bob Kopf.
Court Upholds 'Bodily Injury by Disease' W
New Orleans, LA, August 15--The U.S. Fifth Circuit Court of Appeals has ruled asbestos-related disease does not qualify as a "bodily injury by accident" under workers' compensation insurance, upholding an exclusion for injuries caused by disease.
Survey: Small Firms Less Optimistic on Economy
New York, August 15--Accountants who are also chief executives and chief financial officers of small U.S. corporations are less optimistic about the U.S. economy than they were six months ago, a survey showed on Friday.
Mohawk Gets US Antitrust Approval on Unilin Deal
Washington, DC, August 15--Mohawk Industries has received U.S. antitrust approval to acquire Belgian flooring maker Unilin Holding NV, U.S. authorities said on Monday.
Italtile Earnings up 25%
Johannesburg, South Africa, August 15--Ceramic tiles and bathware group Italtile (ITE) reported a 25% increase in final headline earnings per share.