Producer Prices Up in March
Washington, DC, Apr. 22--High energy costs and a jump in food prices forced up prices at the wholesale level in March, a delayed government report showed, but inflation continued to be relatively muted.
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.
Crossville Intros New Slate Look Product
Crossville, TN, Apr. 22--Crossville's new WeatherStone Series is a porcelain stone tile that emulates natural slate in both residential and commercial settings.
Greenspan Says U.S. Deflation Threat Past
Washington, DC, Apr. 21--Federal Reserve Chairman Alan Greenspan said on Tuesday that U.S. companies were regaining the power to raise prices and that a long period of worry about the potential for price deflation was over.
Split in Hardware Trade Show Leaves Chicago Attend
Chicago, IL, Apr. 20--The Chicago version of the recently split-up hardware show is generating anemic exhibitor turnout and bitter disappointment among some buyers this week.
Crossville Signs D & B Tile as Distributor In Sout
Crossville, TN, Apr. 21--Crossville's wide variety of porcelain stone tile plus glass and metal decorative accents is now available to designers, contractors and retailers in South Florida through D & B Tile Distributors.
Woody Named VP Merchandising at Carpet One
Manchester, NH, Apr. 21--Carpet One announces the appointment of Sands Woody, a 35-year veteran in the flooring industry, to the position of Vice President of Merchandising.
Centex Earnings Up
Dallas, TX, Apr. 21--U.S. home builder and mortgage company Centex Corp. on Tuesday said its net income for the quarter rose 53 percent.
Honeywell's Earnings Up
Morris Township, NJ, Apr. 21--Honeywell International Inc. posted a 16.1% increase in first-quarter net income, as strong performance by all four of its operating divisions offset higher expense for its pension and other post-employment benefits.
Mohawk’s Earnings Up
Calhoun, GA, Apr. 21--Mohawk Industries, Inc. today announced record first quarter net earnings of $66,307,000 (59% above last year) and diluted earnings per share (EPS) of $0.98 (58% above last year) for the first quarter of 2004.
Banc of America Cuts Federated Rating
New York, NY, Apr. 19--Citing valuation concerns, Banc of America cut its rating of Federated Department Stores to "neutral" from "buy."