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.

Springs Closes Purchase of Owen Blanket Business

Fort Mill, SC, May 6--Springs Industries, Inc. announced today it has completed its acquisition of Charles D. Owen Manufacturing Co., Inc. The purchase joins the leading supplier of consumer blankets with the leading supplier of home furnishings products.

ASID Names New Board

Washington, D.C., May 5--The American Society of Interior Designers (ASID) is pleased to announce the election results for the fiscal year 2004 board of directors.

S&P Cuts Interface Senior Unsecured Rating

New York,May 7--Standard & Poor's Ratings Services said today that it lowered its long-term corporate credit and senior unsecured debt ratings on Atlanta, Ga.-based carpet manufacturer Interface Inc. IFSIA.O to 'B' from 'B+'.

Buffett Names Possible Successors

Omaha, NE, May 6--Warren Buffett said on Sunday he has named four potential successors to run his Berkshire Hathaway Inc. conglomerate, after he dies or is unable to run the company, but said those names could change.

Dixie Shows First Quarter Loss

Chattanooga, TN, Apr. 29--The Dixie Group, Inc. had a net loss of $336,000, or $0.03 per diluted share, for the first quarter ended March 29, compared with net income of $496,000, or $0.04 per diluted share, for the same period a year ago.

Asbestos Still an Occupational Hazard

Des Plaines, IL, Apr. 30--While negotiators for businesses, insurers, labor unions and congressional leaders iron out an agreement aimed at creating an industry financed national asbestos trust fund

DuPont Posts Profit

Wilmington, DE, Apr. 29--DuPont Co. posted a first quarter profit, but warned that second quarter profits would miss Wall Street forecasts.