Plaintiff Belwith Products and its divisions Keeler and Hickory Hardware, reach a legal settlement with defendants -- La-Z-Boy subsidiaries Hammary Furniture Company American Drew and Kincaid Furniture Company.

Plaintiff Belwith Products, LLC, and its divisions Keeler and Hickory Hardware, Announce a legal settlement with Defendants HAMMARY FURNITURE COMPANY ("HAMMARY"), AMERICAN DREW ("AMERICAN DREW") and KINCAID FURNITURE COMPANY ("KINCAID"), all wholly-owned subsidiaries of LA-Z-BOY, Incorporated ("LA-Z-BOY").

La-Z-Boy third quarter sales rose 10 percent to $349 million for the period ending Jan. 26, 2013; net income rose 14 percent. Cash is there for new headquarters and to invest in business, says CEO.

La-Z-Boy Incorporated reported its operating results for the fiscal 2013 third quarter ended January 26, 2013.

La-Z-Boy announced this week it has finalized the purchase of 120 acres of land from Monroe-based Sisters, Servants of the Immaculate Heart of Mary order.

La-Z-Boy Incorporated has finalized the purchase a block of land from the Monroe-based Sisters, Servants of the Immaculate Heart of Mary (IHM) order. The land will be used to build a new World Headquarters for La-Z-Boy.

La-Z-Boy furniture's Dayton, TN, manufacturing facility has been named one of the 10 Best Plants in North America for 2012 by IndustryWeek magazine.

The IndustryWeek Best Plants Awards program annually salutes outstanding manufacturing facilities on the leading edge of efforts to increase competitiveness, enhance customer satisfaction, and create stimulating and rewarding work environments.

La-Z-Boy furniture sales are benefiting from the improved economy, cell-based manufacturing and optimized furniture production. But the fiscal cliff threat is impacting their strategy.

La-Z-Boy ended lumber processing and will outsource wood parts as its moves Hudson, NC to cellular production. It reinstated its quarterly dividend as 2nd quarter sales rose 4.8% to $322.3 million.