Lumber Liquidators said Thursday that it stands by its products and will pay for the safety testing of laminate floors for customers to help ease concerns. The Toano, Va.-based company addressed concerns raised following a "60 Minutes" report that said the company's laminate flooring made in China contained high levels of formaldehyde, a carcinogen. The report earlier this month said the company's laminate flooring fell short of California's standards, something it denies. Lumber Liquidators has said that it complies with all regulations for its products.

Federal authorities want to know where all that cheap wood at Lumber Liquidators comes from. On Thursday, the discount hardwood flooring retailer's headquarters in Toano, Va., and another location in Richmond, Va., were raided by special agents from the Immigration and Customs Enforcement's Homeland Security Investigations unit, together with the U.S. Fish and Wildlife Service and the Justice Department. The agents were looking for evidence the company had imported wood products from forests in far eastern Russian that are home to the endangered Siberian tiger.

Lumber Liquidators Inc., the hardwood flooring retailer based in Toano, announced this morning that its profit jumped 67.7 percent in the second quarter to $20.4 million, or 73 cents per share. For the second quarter, ended June 30, Lumber Liquidators’...

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