International Business News - MHK http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Fresh evidence Wednesday that the nation remains gripped by a severe housing downturn hammered shares of building materials suppliers. The Commerce Department said housing construction dropped a surprise 6.2 percent last month to a seasonally adjusted annual rate of 895,000 units. That's the slowest building pace since January 1991, another period when housing was going through a painful correction. http://www.ibtimes.com/articles/20080917/building-materials-suppliers-off-on-housing-report.htm Wed, 17 Sep 2008 19:54:26 EDT Shares of companies that supply building materials were mostly higher Tuesday after the Federal Reserve left a key interest rate unchanged. The central bank said Tuesday it was keeping its target for the federal funds rate, the interest that banks charge on overnight loans, unchanged at 2 percent. http://www.ibtimes.com/articles/20080916/building-materials-stocks-edge-up-after-fed-moves.htm Tue, 16 Sep 2008 14:39:28 EDT Shares of building materials suppliers rose Monday on a host of factors that could hasten a rebound in the U.S. residential housing market. In Washington over the weekend, the Treasury department said it will effectively nationalize Fannie Mae and Freddie Mac, which together own or guarantee about half the nation's home loans. http://www.ibtimes.com/articles/20080908/sector-snap-building-materials-makers-post-gains.htm Mon, 08 Sep 2008 12:14:22 EDT Among the premarket activity stories for Monday, Sept. 8, from AP Financial News: NEW YORK (AP)--An analyst downgraded shares of carpet and flooring maker Mohawk Industries Inc. on its exposure to weakening U.S. nonresidential and European markets and the stock's summer surge. http://www.ibtimes.com/articles/20080908/premarket-roundup-mohawk-industries-phh.htm Mon, 08 Sep 2008 09:01:59 EDT An analyst downgraded shares of carpet and flooring maker Mohawk Industries Inc. on its exposure to weakening U.S. nonresidential and European markets and the stock's summer surge. http://www.ibtimes.com/articles/20080908/ahead-of-the-bell-mohawk-industries-downgraded.htm Mon, 08 Sep 2008 08:49:30 EDT Mohawk Industries Inc. said Monday that its second-quarter profit dropped 23 percent because of a weak housing market and increased material costs. The flooring company reported net income of $88.8 million, or $1.29 per share, for the quarter, down from $115.3 million, or $1.68 per share, for the same quarter of the previous year. http://www.ibtimes.com/articles/20080721/mohawk-industries-2q-profit-drops-23-percent.htm Mon, 21 Jul 2008 18:19:47 EDT Standard & Poor's Rating Services said Wednesday its ratings and outlook on Mohawk Industries Inc. would remain unchanged for the time being, despite the maker of floor and carpets warning that its second-quarter earnings will miss analyst estimates. http://www.ibtimes.com/articles/20080709/s-p-mohawk-ratings-unchanged-after-guidance-cut.htm Wed, 09 Jul 2008 16:05:35 EDT Carpet and flooring manufacturer Mohawk Industries Inc. lowered its second-quarter earnings outlook Tuesday citing the continuing decline in the U.S. residential housing market, slowing demand in Europe and growing raw materials and energy costs. http://www.ibtimes.com/articles/20080708/mohawk-lowers-2q-guidance-on-weak-housing-market.htm Tue, 08 Jul 2008 17:37:26 EDT Shares of Mohawk Industries Inc. rose Friday after the carpet and flooring manufacturer posted a first-quarter profit of 95 cents per share, ahead of its own and analyst expectations. The company, b... http://www.ibtimes.com/articles/20080418/mohawk-industries-rise-on-positive-1st-quarter-earnings.htm Fri, 18 Apr 2008 13:55:13 EDT Among the earnings stories for Thursday, April 17, from AP Financial News: REDWOOD CITY, Calif. (AP) Informatica Corp., a data integration software company, on Thursday said its first-quarter profit... http://www.ibtimes.com/articles/20080417/earnings-roundup-informatica-mohawk-industries.htm Thu, 17 Apr 2008 18:45:51 EDT Among the earnings projection stories for Thursday, April 17, from AP Financial News: LEXINGTON, Ky., (AP) Tempur-Pedic International Inc. said Thursday it expects 2008 earnings per share will fall ... http://www.ibtimes.com/articles/20080417/outlook-roundup-tempur-pedic-mohawk-industries.htm Thu, 17 Apr 2008 18:42:08 EDT Mohawk Industries Inc., a carpet and flooring manufacturer, on Thursday projected second-quarter income within range of analyst estimates. Mohawk predicted second-quarter earnings of $1.36 to $1.45 ... http://www.ibtimes.com/articles/20080417/mohawk-projects-2nd-quarter-income-within-range-of-street.htm Thu, 17 Apr 2008 17:05:19 EDT Mohawk Industries Inc., a carpet and flooring manufacturer, said Thursday first-quarter profit fell 28 percent, hurt by a weak housing market. Net income fell to $65.4 million, or 95 cents per share... http://www.ibtimes.com/articles/20080417/mohawk-1st-quarter-profit-falls-amid-housing-slump.htm Thu, 17 Apr 2008 16:52:09 EDT Among the earnings stories for Thursday, Feb. 14, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20080214/earnings-roundup-comcast-himax.htm Thu, 14 Feb 2008 11:28:17 EST Mohawk Industries Inc. said fourth-quarter profit more than doubled, helped by a one-time tax benefit. Late Wednesday the flooring supplier reported net income leaped to $370.1 million, or $5.53 per share, compared with $129.5 million, or $1.90 per share, in the prior year. http://www.ibtimes.com/articles/20080214/mohawk-industries-4th-quarter-profit-up.htm Thu, 14 Feb 2008 09:41:47 EST