Training magazine features Mohawk Industries
For the 12th consecutive year, Mohawk Industries has been recognized for outstanding training and development programs that help employees expand their skills and inspire their ambitions.
The Calhoun, Ga.-based floorcovering company was one of the businesses gaining a spot in the 2018 edition of Training magazine's annual Top 125 rankings, which Editor Lorri Freifield said are game changers in their industries.
Mohawk has placed in Training's top 10 on four occasions and is the only manufacturing company to repeatedly achieve such prestigious positions on the list.
"At Mohawk, training doesn't stop when people learn the skills they need to perform their jobs," Corporate Learning Director Becky Redd said. "We train our sales force and customer support functions to exceed expectations through product knowledge and problem solving skills, our technical teams to drive process innovation on the plant floor and in our warehouses and our line employees to deliver quality while maintaining a safe workplace."
Best Buy boosts sales and profits
Best Buy Co. on Thursday reported a boost in third-quarter profit and sales, but its results and outlook fell short of Wall Street expectations.
The consumer electronics retailer's shares fell $2.05 per share, or nearly 3.6 percent, to $55.25 in trading Thursday.
"As we head into the teeth of the holiday shopping season, the key for Best Buy to maximize its profitability and therefore success will be how well it manages its promotional cadence as Walmart and Amazon continue their heavyweight battle for market share across many categories," said Moody's lead retail analyst Charlie O'Shea.
Best Buy's profit rose 23 percent to $239 million, or 78 cents per share. Revenue rose 4 percent to $9.32 billion. Sales in stores open at least a year, a key measure of a retailer's health, rose 4.4 percent.
Mortgage rates up to 4-month high
Long-term mortgage rates rose this week to the highest level in months.
Mortgage giant Freddie Mac says the rate on benchmark 30-year, fixed-rate mortgages hit 3.95 percent, up from 3.90 percent last week and highest since July. A year ago, it stood at 3.94 percent. The rate on 15-year home loans, popular among those who refinance mortgages, climbed to an average 3.31 percent, highest since April and up from 3.24 percent last week and 3.14 percent a year ago.
Long-term mortgage rates tend to track the yield on 10-year Treasury notes, which blipped higher this week.
The rate on five-year adjustable rate mortgages slipped to 3.21 percent this week from 3.22 percent last week. A year ago, it was 3.07 percent.
Airlines bump fewer passengers off oversold flights
Airlines are bumping fewer passengers off oversold planes after taking to heart the public anger over a man being violently dragged from his seat earlier this year.
The U.S. Department of Transportation says airlines are booting passengers at the lowest rate since the government started keeping track in 1995.
North Carolina senators oppose Trump EPA pick
North Carolina's two Republican senators say they oppose President Donald Trump's pick to oversee chemical safety at EPA, putting his nomination at serious risk.
U.S. Sens. Richard Burr and Thom Tillis issued statements saying they will vote against Michael Dourson to serve as head of EPA's Office of Chemical Safety and Pollution Prevention.