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.

Buffett Wants Son to Succeed Him at Berkshire

Omaha, NE, May 10, 2006--Warren Buffett, answering calls for a succession plan at his investment company Berkshire Hathaway, says his son, Howard, would be "a double-protector of the culture" as the company's future chairman.

Second Half 2005 Mortgage Volume Up, Homeowners Sh

Washington, DC, May 10, 2006--First mortgage originations increased by 14 percent from the first half to the second half of 2005 according to the Mortgage Bankers Association's (MBA) Mortgage Originations Survey released today.

Fed Expected to Raise Rates Today

Washington, DC, May 10, 2006--Federal Reserve policy-makers began a meeting on Wednesday that economists expect will yield a 16th straight interest-rate hike but also may signal that future increases are less certain.

Federated Posts 1Q Loss

Cincinnati, OH, May 10, 2006--Federated Department Stores Inc., reported a loss of $52 million, or $0.19 per share for the first quarter.

More Than 1,300 Builders Converge On Capitol Hill

Washington, DC, May 10, 2006--More than 1,300 builders from across the country are holding nearly 400 meetings today with their representatives and senators to urge them to increase housing opportunities for all Americans.

Unilin Grants New Click Flooring Licenses

Wielsbeke, Belgium, May 2006--On May 8, 2006, BuildDirect, one of Canada’s largest online wholesalers of building materials, based in Vancouver, entered into a license agreement with Flooring Industries, a unit of Unilin.

Small-Business Optimism Up in April

Washington, DC, May 9, 2006--Small-business optimism rose last month, reversing March’s slump by more than two points to 100.1 (1986=100) and returning to its historical levels, according to the NFIB Small Business Economic Trends report.