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Lumber Liquidators says ‘60 Minutes’ Report is bad idea


The Lumber Liquidators Holdings company, said Thursday that its sales have slid 7.5% since a “60 Minutes” segment earlier this month alleged the company’s Chinese-made laminate flooring doesn’t meet California’s emissions standards for levels of formaldehyde, a known carcinogen. The company also gave a weaker-than-expected sales forecast for its current …

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UK looking ahead joining China-backed Asian development bank


UK is to become the first major Western country to become member of Asian Infrastructure Investment Bank (AIIB), the financial institution backed by China. Chancellor of the Exchequer George Osborne said Thursday that the U.K. has applied to join the Asian Infrastructure Investment Bank (AIIB). If accepted, Britain would be …

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Germany gets threatened by Greece over asset seizure


Asset seizure: Greece’s justice minister Wednesday warned that German property could be seized in compensation for wartime atrocities, in an escalating war of words with Berlin over Athens’ current EU loan deal. Justice Minister Nikos Paraskevopoulos said he was “ready to approve” a Greek Supreme Court ruling in 2000 that …

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Government file a suit against DirecTV for deceptive ad


The government is suing DirecTV.  Regulators allege the satellite TV company misled millions of consumers about the cost of a discounted 12 month package through deceptive advertising.  The Federal Trade Commission accuses the company of being unclear that a contract was required, that the price would go up half way …

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MCD’s antibiotic-free push gives pressure to KFC


KFC: Kentucky fried chicken the biggest chain of fried chicken restaurants, is feeling the pressure from environmental groups and consumer to change how its poultry are produced after McDonald’s Corp said it would switch to chicken raised without human antibiotics. KFC under pressure from MCD’s McDonald’s will not be involved …

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Banking arbitration makes consumers cry


US: Arbitration clauses in the fine print of credit card and checking account agreements harm consumers by limiting the compensation they can receive in disputes with financial firms, the nation’s top consumer financial guardian said. More than 75 percent of consumers didn’t know if they were subject to the clauses, many …

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