Productivity Up
Washington, DC, Jun. 3--The productivity of America's workers in the opening quarter of 2004 grew at a brisk 3.8% annual rate, faster than previously thought. Labor costs moved up.
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.
Ready Named President & CEO, Armstrong Floor Produ
Lancaster, PA, Jun. 1--Armstrong Holdings, Inc. today announced that Frank Ready has been named President and CEO of Armstrong Floor Products North America, effective immediately.
Armstrong Increases Price on Sheet Vinyl
Lancaster, PA, May 28--Due to significant increases in key raw materials, as well as higher energy and transportation costs, Armstrong Floor Products is announcing a four to six percent price increase on selected residential and commercial vinyl sheet flo
Pergo: Click-Joint Dispute Now Closed
Trelleborg, Sweden, May 27—Pergo said today that as it had announced earlier, the Court of Appeal for the Federal Circuit in the United States has affirmed the ruling from the US International Trade Commission (ITC) from March 2002.
Durable Goods Orders Off
Washington, DC, May 26--Demand for longer-lasting manufactured goods took its biggest tumble in a year and a half during April following big back-to-back increases.
Feltex Puts Low Value on Shares
Aulkland, New Zealand, May 25--Feltex Carpets yesterday priced its $254 million share offer at the bottom end of expectations as New Zealand's biggest issue in five years drew a lukewarm response from institutions.
Saudis Promise to Increase Oil to U.S.
Amsterdam, Netherlands, May 24--The U.S. energy secretary said that Saudi Arabia has assured Washington it will supply up to two million barrels a day in additional crude oil if the market demands it.
Morgan Keegan Reiterates “Outperform” on Mohawk, R
New York, NY, May 20--Analysts at Morgan Keegan reiterate their "outperform" rating on Mohawk Industries Inc, while raising their estimates for the company.
Lorberbaum Assumes Role of Mohawk Chairman
Calhoun, GA, May 19--Mohawk Industries, Inc.today announced the promotion of Jeffrey S. Lorberbaum, President and CEO, to Chairman of the Board with the resignation of David L. Kolb from the Chairman position.
Judge Removed From Some Asbestos Bankruptcy Cases
Newark, NJ, May 18--A federal judge was removed from three of the five bankruptcy cases he had been overseeing involving companies sued by people exposed to asbestos.