Senator Barbara Mikulski, Maryland Democrat, to Retire - Breaking News
Senator Barbara A. Mikulski, the animated and occasionally irascible Democrat from Maryland who rose to become the longest-serving woman in Congress, announced on Monday that she would retire ...
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Senator Barbara Mikulski, Maryland Democrat, to Retire - Breaking News - Video
News-Democrat Athlete of the Week Sean Workman
Belleville News-Democrat Athlete of the Week ----O #39;Fallon High School #39;s Sean Workman.
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News-Democrat Athlete of the Week Sean Workman - Video
NEW YORK (MarketWatch) Lumber Liquidators Holding Inc. shares tumbled 12.6% Wednesday, after a Democratic senator called on the federal government to conduct independent testing of China-sourced laminate, alleged in a weekend report to contain higher-than-accepted levels of a known carcinogen.
Sen. Bill Nelson of Florida also called on the government to investigate whether Lumber Liquidators has made false marketing claims about the safety of its products. Because this could affect millions of homeowners, its imperative we get some answers quickly, Nelson said.
Earlier, Lumber Liquidators canceled an appearance at a conference and said it would host a call with investors on March 12, as it continues to respond to the fallout from a damning report by 60 Minutes that aired on Sunday.
The U.S. retailer of hardwood flooring said it would not participate in the Raymond James Institutional Investors Conference scheduled for later Wednesday.
We regret that we are not attending the conference today and apologize to our investors that planned to attend, said Chief Executive Robert Lynch. We look forward to speaking with you next week regarding our business update.
The stock LL, -12.60% , which was up for much of the morning before turning lower, has been pummeled over the last week on fears related to the60 Minutes report, which alleged the company sold Chinese-made laminate flooring to many American homeowners that contained levels of formaldehyde that exceed California standards. Formaldehyde can cause myeloid leukemia and other cancers at high levels, as well as respiratory issues and eye, nose and throat irritation at low levels.
The 60 Minutes team said Chinese-sourced laminate carried by Lumber Liquidators bears a label indicating that it is CARB Phase 2compliant, referring to the California Air Resources Board, which sets standards for formaldehyde emissions in wood flooring. Those standards were adopted by Congress in 2010 in a law that is supposed to take effect across the U.S. this year.
The team broadcast interviews with employees of Chinese mills, who admitted the products they supply to the company weren't CARB Phase 2compliant, and were falsely labeled as such to save the company up to 15% on price.
Lumber Liquidators has already released one statement challenging the testing used by 60 Minutes and insisting its products are completely safe. The statement also questioned the on-camera accounts from the Chinese suppliers, saying the company didn't recognize any of the individuals interviewed.
The suppliers have confirmed that all products provided to Lumber Liquidators have been and are CARB compliant, it said.
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Lumber Liquidators shares fall as Senate Democrat calls for federal probe
Democrat Joe Sestak made it official Wednesday morning: He wants a rematch with Republican U.S. Sen. Pat Toomey.
To kick off his second Senate bid, the retired Navy admiral who earned a reputation last time as a tireless campaigner is walking across Pennsylvania, from the Delaware River to the Ohio border.
Before beginning that trek, Sestak stood across from Independence Hall to formally declare his candidacy in the 2016 election. The two-term congressman from Delaware County told a crowd of about 60 gathered in a light rain that he wants to walk in the shoes of Pennsylvanians as he aims to restore their trust in government and their public officials.
"The largest deficit we have today in America is not the debt. It's trust deficit," Sestak said, wearing his signature flight jacket. "We just don't believe that our leaders would actually say something here in Pennsylvania and then do the same thing."
He extended that criticism to Toomey, the Lehigh County lawmaker who Sestak said has not kept his promises to support programs that aid veterans and the homeless.
After urging the crowd to join him as he travels the state, Sestak swapped out his high-top Reebok sneakers for a pair of tan combat boots and started walking.
Sestak, 63, is the only candidate to enter the Senate race thus far against Toomey, though a handful of other Democratic names have been floated as potential candidates.
Before facing off with Toomey in the 2010 general election, Sestak earned a major victory in the primary when he defeated longtime incumbent Sen. Arlen Specter. He later lost to Toomey by 2 percentage points.
Since then, Sestak has been teaching college courses and continuing to traverse the commonwealth, clocking 400 appearances during the last two years.
Even if the names on the general election ballot end up mirroring those in 2010, Sestak and Toomey would be competing in a different political climate. Unlike five years ago, Toomey will be trying to hold onto his seat in a year with a presidential battle at the top of the ticket, a dynamic expected to boost Democratic turnout, particularly in Philadelphia.
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Joe Sestak kicks off Senate bid against Pat Toomey
Democrat Veteran Takes On White House Over Islam
Video news report about Army Veteran and Democrat Representative Tulsi Gabbard and her views differing from her party on Radical Islam.
By: EdBoston.com
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Democrat Veteran Takes On White House Over Islam - Video