Lumber Liquidators (LL) will pull all Chinese made laminate flooring amid safety concerns. The flooring company is also bringing on former FBI Director Louis Freeh to review sourcing procedures. The moves are among the most significant announced by the hardwood flooring company in the more than two months since a ’60 Minutes’ segment alleged its sold Chinese made flooring that contained levels of formaldehyde that exceeded California standards. Tesla’s (TSLA) loss widened as spending jumped. Earnings at the luxury electric car maker were better than expected. Zynga (ZNGA) had a loss that was smaller than expected.
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