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.
FieldTurf Looking Toward IPO
New York, July 8—According to CNN/Money, NFL greats Troy Aikman and Warren Moon never played on it, but they each have a piece of it, and you may be able to buy in soon too.
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.
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.
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.
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.
Layoffs Off 12% in June to 12-Month Low
Chicago, IL, July 7-- Layoff announcements by U.S. corporations fell about 12 percent to 64,343 in June, the lowest level since last June, according to global outplacement firm Challenger Gray & Christmas.
Hotels See Increase in Travel
New York, July 7--Business travelers are back, and hotels are greeting them with higher rates.
Chain Store Sales Post Gains
New York, July 7--U.S. chain store sales recovered some ground in the latest week, as shoppers stocked up on goods ahead of the Independence Day weekend, a report said on Tuesday.