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.

Berkshire Hathaway Earnings Double

Omaha, NE, Aug. 11--Berkshire Hathaway Inc.'s earnings before realized investment gains rose 32% to $1.32 billion from $1 billion. The holding company said net income more than doubled, reflecting an increase in investment gains.

Armstrong Reports Operating Loss

Lancaster, PA, Aug. 8--Armstrong Holdings, Inc. today reported second quarter 2003 net sales of $826.9 million that were 0.1% higher than second quarter net sales of $825.7 million in 2002.

Armstrong Plans To Create New Stock

Lancaster, PA, Aug. 9--One change in ownership for Armstrong World Industries already is planned. And that may not be the only one, the company's top executive acknowledged, according to a report in the Lancaster New Era.

Martha Stewart Revenue Down

New York, NY, Aug. 11--Martha Stewart Living Omnimedia, the retail and lifestyle empire built around its namesake founder, on Monday reported lower second-quarter profit as revenue fell 16.3 percent.

Kmart Quarterly Loss Narrows

Troy, MI, Aug. 11--Kmart Holding Corp. on Friday posted audited first-quarter results that reflect the impact of "fresh start" accounting after the retailer emerged from bankruptcy protection.

DuPont To Restructure Canadian Operations

Mississauga, Ontario, Aug. 8--DuPont Canada is restructuring its Canadian operations as part of a wider plan by its U.S. parent to fold the subsidiary's textiles and fibres business into a new and separate global company.

Congoleum Bondholders Approve Indenture Amendments

Mercerville, NJ, August 8--Congoleum Corporation today announced that Congoleum and the trustee for Congoleum's 8 5/8% Senior Notes Due 2008 have adopted certain amendments to the indenture governing the notes.

Corporate Spending May Be On The Rise

New York, NY, Aug. 8--Although wary from rallies that never materialized and economic bright spots that quickly faded, economists are beginning to feel more confident: They have raised expectations for third-quarter growth

BOMA Launches Online Seminar

Washington, DC, Aug. 7--The Building Owners and Managers Association (BOMA) International, the leading advocacy group for the commercial real estate industry, has launched a new online seminar

American Biltrite Plans To Exit Wood Business

Wellesley Mills, MA, August 7--American Biltrite Inc., Congoleum's majority shareholder, reported today that it plans to sell or otherwise dispose of its Janus pre-finished hardwood flooring business and will record a charge to second quarter earnings