Lumber Liquidators will pay $10 million and plead guilty to Lacey Act violations as part of its settlement agreement with the U.S. Department of Justice. The settlement with the Environment and Natural Resources Division of the Department of Justice (DOJ) stems from a 2013 inquiry that Lumber Liquidators (NYSE: LL) illegally imported lumber from Russia for the manufacture of its hardwood flooring.

TOANO, VA. -- Lumber Liquidators (NYSE: LL) today announced a settlement with the Environment and Natural Resources Division of the Department of Justice ("DOJ") related to the Company's compliance with the Lacey Act, a U.S.

Cabinets To Go LLC, which sells ready-to-assemble cabinets to the construction market, and direct to consumers, is seeking warehouse personnel and salespeople as it expands. The national retailer, founded by Lumber Liquidator's Tom Sullivan, has over 48 company owned stores in 27 states selling hardwood kitchen cabinets.

Lumber Liquidators updated its Floor Finder app for smart phones and tablets. It lets users browse through more than 400 flooring varieties. The Color Match tool, previously only available on the mobile website, allows users to upload a photo of any item such and then see Lumber Liquidators products with a similar range of colors.

Lumber Liquidators could win as the California Air Resources Board changes its laminating panel formaldehyde testing recommendations, says an analyst at Seeking Alpha. Also watching what's happening to lumber futures pricing as China's building market and its leaders try to avoid having the economy shift into reverse. And what about Gingrich Woodcraft's decision to fire everyone and close down after workers voted to unionize?

60 Minutes says Lumber Liquidators laminate flooring is being ripped out by consumers, fearful it will give off formaldehyde gas. The CBS show revisited its Lumber Liquidators report, first broadcast in March, in which it said the $1 billion supplier of U.S. hardwood and laminate flooring falsely labeled floors as CARB compliant.

Mohawk flooring CEO Jeffrey S. Lorberbaum says flooring sales in North America segment increased 40 percent last quarter, with sales of hard surface products are growing faster than carpet due to their increasing use in new home construction and residential remodeling.

Wood flooring retailer Lumber Liquidators says bad publicity about its China-sourced laminate flooring kept customers away - with a decrease in sales of 5.8 percent as customers-invoiced fell 7.6 percent. The hardwood and laminate company lost $20.3 million on sales of $247.9 million.

Lumber Liquidators has fired its chief merchandising officer, William K. Schlegel. The position will be integrated with the flooring manufacturer's marketing department, with Marco Q. Pescara taking over as Chief Merchandising and Marketing Officer, effective June 19. Pescara has served as Chief Marketing Officer with the company since 2006.

Lumber Liquidators' chief compliance office has left the embattled flooring manufacturer as fallout from reports that the company sold "toxic" laminate flooring from China continues. Cotton's resignation comes as the company deals with allegations that the formaldehyde testing firm it hired sent homeowners screening test kits with false accreditation labels.