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.

Forbo Holds General Meeting

Eglisau, Switzerland, May 2--At the occasion of the 77th ordinary General Assembly held in Zurich on April 29, 2005, the shareholders of Forbo approved with a clear majority the proposals put forward by the Board of Directors.

Buffett Answers Tough Questions at Berkshire Meeti

Omaha, NE, May 3--Billionaire Warren Buffett played the ukulele, told jokes and answered tough questions about investigations into some of his insurance companies as about 20,000 people gathered for the annual meeting of Berkshire Hathaway.

Belgian Unions Strike Domo

Brussels, Belgium, May 2--Unions started labor actions in Belgium's textile industry Monday demanding better pay and work conditions.

Afghan Carpetmakers Urged to Move

Peshawar, Afghanistan, May 2--The local municipality has warned hundreds of Afghan hand-knot carpet manufacturers to close their business in residential areas within 10 days or face action.

Negotiations for Neiman Marcus Underway

Dallas, Texas, May 2-- Pacific Group and Warburg Pincus are negotiating to purchase the Neiman Marcus Group Inc., which includes a chain of 37 luxury department stores, for about $5 billion.

Saks to Sell Profitt's and McRae's

Birmingham, AL, May 2--Saks Inc. said it is selling its Proffitt's and McRae's department stores to privately held retailer Belk Inc. for $622 million in cash.