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.

North Carolina Judge Bars Cleaning Firm

Raleigh, NC, May 11, 2006--A carpet and air duct cleaning company that authorities say used misleading advertisements and illegal bait-and-switch tactics has been barred from operating in North Carolina.

Wholesale Inventories Up 0.2%

Washington, DC, May 10, 2006--Wholesale inventories grew less than expected in March, pushing the inventory-to-sales ratio down after a slight uptick in the previous month.

Construction Jobs Set Record in April

Washington, D.C., May 10, 2006-- "Construction employment set a record for the 15th straight month in April," Ken Simonson, chief economist of the Associated General Contractors of America (AGC),

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.

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.