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.

Shell & BASF Set to Sell $6B Plastics Business

London, England, July 30--Shell and BASF, the German chemical company, are preparing to sell Basell, a $6 billion (£3.3 billion) global plastics business, marking the first strategic move for the Anglo-Dutch oil company since becoming mired in its oil res

Target to Sell Mervyn's for $1.65B

Minneapolis, July 30—Target Corp. said it will sell its struggling Mervyn's discount department-store chain to a group of private-investment firms for about $1.65 billion.

Wife of Warren Buffett Dies After a Stroke

Cody, WY, July 30--Susan T. Buffett, 72 years old, wife of Warren E. Buffett and a director of his investment empire, Berkshire Hathaway Inc., died from a stroke yesterday in Cody, Wyo., where she and Mr. Buffett were visiting friends.

Unifi Narrows Losses in 2Q

Greensboro, NC, July 29-- Unifi, Inc. released operating results for its fourth quarter and fiscal year ending June 27, 2004.

Growth in Hiring Costs Slows

Washington, July 30--Employers saw the growth rate in the cost of hiring and retaining workers slow in the second quarter, which could help contain inflation worries as oil-price pressures mount.

Clinging to the Art of Carpet Making

Khchni, Dagestan, July 29--Emerging from a dark room in her cool home high in the mountains of Dagestan, Asli Isayeva rolled out half a century's worth of dust and memories onto the dining room floor.

Beige Book Shows Some Cooling

Washington, July 29--The Federal Reserve reported that the U.S. economy cooled off in June and July as consumer spending, especially on autos, slowed significantly after a big surge in early spring.

Wellman Reports 2Q Results

Shrewsbury, NJ, July 28--Wellman, Inc. announced second quarter 2004 showed significant improvement over first quarter 2004 results.

INSTALL Adds Endorsers

St. Louis, MO, July 29-- Six manufacturers from the United States and Canada who learned more about the International Standards and Training Alliance (INSTALL) during Surfaces 2004 have become formal endorsers of the training program.