Home Price Growth Slows
Washington, DC, Jun. 2--Home prices climbed, but at a slower rate in the first three months of 2004, after the year-end rush to buy homes on fears of rising mortgage rates tapered off, a government agency said on Tuesday.
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.
Tarkett Reports First Quarter Financials
Frankenthal, Germany, Jun. 1--Tarkett saw turnover down by 1.1% at 341.5m euros for the first quarter of 2004, in a year-on-year comparison.
Invista to Cut 85 Employees in July
Wilmington, DE, Jun. 2--Invista, the former DuPont Co. textile and interiors business, has informed the state it intends to cut 85 of the 111 employees in its research and development operations at the Experimental Station near Wilmington.
Mannington Hosts 10th Annual Career Day
Mannington Township, NJ, Jun. 2--In a continuing effort to nurture the talent and aspirations of the children of Mannington associates, it was reported in Today's Sunbeam that the company hosted its 10th Annual Career Day on May 21.
Nafco’s PermaStone Earns ADEX Award
Houston, TX, Jun. 2--Design Journal magazine recently awarded Nafco by Tarkett’s PermaStone Natural Slate the 2003 Platinum ADEX Award in the flooring category.
Moody's Raises Mohawk’s Outlook to Positive
New York, NY, May 31--Moody's Investors Service affirmed the Baa2 senior unsecured and other ratings of Mohawk Industries, Inc., but changed the outlook from stable to positive.
Lowe's Names Executive VP
Mooresville, NC, Jun. 1--Lowe's Companies, Inc. announced at its annual meeting of shareholders that the company has promoted Robert F. Hull Jr. to executive vice president and chief financial officer.
Armstrong Names VP of Product Styling & Design
Lancaster, PA, May 28--Armstrong Floor Products today named Jim Mathis, vice president, Product Styling & Design.
Manufacturing Sector Grows
Tempe, AZ, Jun. 1--Economic activity in the manufacturing sector grew in May for the 12th consecutive month, while the overall economy grew for the 31st consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Bu
Lowe's Feels Younger Stores, New Programs Give
Charlotte, NC, May 31--Lowe's Cos. younger portfolio of retail stores and new programs will help distinguish it from larger rival Home Depot Inc. as that home-improvement retailer adopts some of the same strategies Lowe's has used for years, top e