Trading was halted Monday in Lumber Liquidators after its shares dropped more than 20 percent following a CBS report that the company sold flooring with higher levels of formaldehyde than permitted under California's health and safety standards. The trading was halted for pending news. The stock had fallen 24.8 percent before the market opened Monday. The "60 Minutes" piece on Sunday said it tested Lumber Liquidators’ flooring in Virginia, Florida, Texas, Illinois and New York for levels of formaldehyde, a cancer-causing chemical.
Should the internet be a tax-free zone like the duty-free shops in international airport terminals? Does it make sense to subject the internet to a different set of laws than any other space? These questions are central to the proposed Marketplace Fairness Act, which would empower states to collect sales tax from online sellers.
Fort Worth, Texas -- RadioShack will open its newest Fairfax, Va. location as a concept store on Dec. 14. The new store is the first concept store in this area. All concept stores in the company's...