Buffett Gives Annual Gift to Charities
Omaha, NE, July 10, 2007-- The five foundations billionaire Warren Buffett has pledged most of his $49 billion fortune to received their second annual gifts of Class B shares of Berkshire Hathaway Inc.
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.
Balta Broadloom launches the Stainsafe Collection
Antwerpen, Belgium, July 9, 2007-- Balta Broadloom, the wall-to-wall carpet division of the Balta Group, is introducing a new range of innovative twist products under the brand name Stainsafe®.
Karastan Promotes Storey
Dalton, GA, July 9, 2007--Karastan announces the promotion of Bill Storey to the position of Senior Vice President and General Manager of Fashion Brands (Karastan, Ralph Lauren, CustomWeave and Helios), effective immediately.
Macy's Shares Rise on Buyout Talk
New York, NY, July 9, 2007--Shares of Macy's jumped Friday, as a rumor surfaced that Sears Holdings Corp. chairman and billionaire investor Edward Lampert might be interested in buying the company.
Meritage Warns of Write-Offs
Scottcdale, AZ, July 9, 2007--Meritage Homes Corp. warned that it expects to post major declines in home sales and orders in its second quarter and take some $100 million in charges because of the downturn in the housing market.
Office Furniture Orders up 5%
New York, NY, July 9, 2007--Office furniture orders continued to slow in May toward a growth rate that tracks the GDP, according to Raymond James analyst Budd Bugatch.
ReSource Names Patcraft its Newest Supplier
Aurora, CO, July 9, 2007--The ReSource Commercial Flooring Network (RCFN) is pleased to announce that Patcraft Commercial Carpet has joined RCFN as a Preferred Supplier.
Illegal Logging – China’s Big Wooden Problem
Beijing, China, July 9, 2007--Chinese wood manufacturers have poor records on using illegal timber. But the industry is changing, say Sarah Price and Matthew Brady.
Goldman Sachs Upgrades Home Depot
New York, NY, July 9, 2007—Home Depot was upgraded to buy from neutral by Goldman Sachs. The firm cited changes in management and culture and an improved business mix and capital structure.
H&R Johnson and Johnson Ceramics in Talks
London, England, July 9, 2007--Ceramic tile manufacturer H&R Johnson is in talks with the UK-based Johnson Ceramics International for a strategic global alliance.