Today's Flooring News

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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, Shaw Earnings Up

Omaha, NE, March 6, 2006--Berkshire Hathaway Inc., reported fourth-quarter earnings that were up 54% despite heavy payouts to hurricane-related claims.

DomoTex asia / ChinaFloor Number 8 Expected to Set

Shanghai, China, March 6, 2006--The flooring market is preparing once again to be present in Shanghai. With an exhibition space of 74,750, (a growth of 62,5%) the trade fair will be the second largest flooring show in the world after its sister show Domot

Pergo and HW Settle Arbitration

Stockholm, Sweden, March 3, 2006--Pergo AB, Pergo Holding BV and HW Industries GmbH & Co., KG are pleased to announce that the arbitration between HW Industries and Pergo AB initiated during the first quarter 2005 has been settled on mutually beneficial t

Consumer Sentiment Slides 0.7 Point

Anna Arbor, MI, March 3, 2006--Consumer sentiment weakened slightly in late February, according to research from the University of Michigan. The university reported that the consumer-sentiment index dropped to 0.07 points to 86.7 points in late February.

Dixie Group’s 4Q Earnings Slide

Chattanooga, TN, March 02, 2006--The Dixie Group reported income from continuing operations for the fourth quarter of $3.3 million, or $0.25 per diluted share, compared with $5.0 million, or $0.40 per diluted share, for the prior-year period.

Mohawk to Acquire Propex Plant

Calhoun, GA, March 1--Mohawk Industries, Inc., agreed to purchase one plant located in Roanoke, Alabama, that produces secondary carpet backing from Propex Fabrics Inc. The new plant employs approximately 470 individuals.

Construction Outlays Up 0.2%

Washington, DC, March 1, 2006--Spending on construction projects increased a lower-than-expected 0.2% in January, the Commerce Department said Wednesday.

4Q GDP Revised Up to 1.6%

Washington, DC, February 28, 2006-- The economy grew at a 1.6% annual pace in the fourth quarter, a bit faster than previously thought, while core inflation was a touch lower, according to the Commerce Department.

January Existing-Home Sales Off 2.5%

Washington, DC, February 28, 2006--Sales of existing homes, including single-family, townhomes, condominiums and co-ops, declined 2.8 percent to a seasonally adjusted annual rate1 of 6.56 million units in January.