The nation's largest cabinet conglomerate will be even bigger with the announcement that MasterBrand Cabinets' owner Fortune Brands Home & Security Inc. will acquire Norcraft Companies.

Lumber Liquidators management may sue 60 Minutes for libel. The move, says Fox News, is buttressed by the Consumer Products Safety Commission's decision to use "non-destructive" testing in of the firm's flooring for excessive levels of formaldehyde.

The Home Depot and Lowe's are hiring 110,000 workers for the busy spring remodeling and construction season. To help the new hires find things, Home Depot is equipping them with upgraded in-store mobile phone technology. Home Depot sales rose 8.3% to $19.2 billion.

Masco Corp. (NYSE: MAS) announced a new name for its services business spin-off. TopBuild corp.TopBuild will be comprised of the Masco Contractor Services (MCS) business and insulation installation company.

The Composite Panel Association has hired Jackson Morrill as its new president, effective April 13. Morrill has been serving as director for the American Chemistry Council (ACC) since 2010, where he managed the Formaldehyde Panel directing comprehensive state and federal advocacy initiatives, communications, third-party outreach and scientific studies on formaldehyde.

Separate investigations are being launched by the China Forest Products Industry Association and the U.S. Consumer Product Safety Commission into claims that Lumber Liquidators' Chinese manufactured laminate flooring is unsafe due to high levels of formaldehyde emissions.

Wood pellet producer Rentech Inc. will receive $4 million in aid from the Ontario government to convert two idle composite panel plants into pellet mills.