UBS Reiterates Mohawk’s Buy Rating
New York, NY, July 9-- In a research note published yesterday, analysts at UBS reiterate their "buy" rating on Mohawk. The target price has been raised from $98 to $100.
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.
UK’s Floors 2 Go Sales Up 224%
Birmington, England, July 9--Sales at the UK's largest retailer of hardwood and laminate flooring products Floors 2 Go, were up 224 per cent in the first six months of this year.
EPA Says DuPont Violated Reporting Rules
Washington, DC, July 8--The U.S. Environmental Protection Agency accused DuPont & Co. (DD) of violating federal reporting requirements related to the potential health risks of a chemical used in the manufacture of Teflon.
Minuteman and Hako-Werke to Merge
Addison, IL, July 9-- Minuteman International, Inc. the floor-care equipment and chemical manufacturer, announced today that it has entered into a definitive merger agreement with Hako-Werke International.
Consumer Borrowing Rises
Washington, DC, July 9-- Americans stepped up their borrowing in May as an improving jobs market and growing economy gave consumers more confidence to take on debt.
Armstrong Intros New Linoleum Line
Lancaster, PA, July 8--Armstrong Floor Products announces the new “Living Colors of Linoleum” Collection, a focused North American portfolio.
NAR: Higher Interest Rates Won't Hurt Housing
Washington, DC, July 8--Interest rates are rising due to healthy economic growth and they won't dampen the general strength of the nation's housing market, according to the National Association of Realtors.
It's the Sweet Smell of Success
Sarasota, FL, July 8--Orders are streaming in to a local manufacturer for its Urine-Off, a product with the power to remove stains and odors, according to the Sarasota Herald-Tribune.
Mannington Wins Best of NeoCon Award
Calhoun, GA, June 8--Mannington Commercial, was awarded a "2004 Best of Neocon - Editor's Choice" Award for its ArtCraft Collection of modular carpet tiles.
Retailers Report Mostly Solid June Sales
New York, July 8—The nation’s retailers reported mostly positive results for June, Wal-Mart however, reported a disappointing sales performance for the month, falling short of the solid business enjoyed by many other big retail chains.