Lumber Liquidators countered accusations raised on “60 Minutes” Sunday that the company sold laminate flooring that didn’t meet safety standards, saying the attacks were driven by short sellers.
The Nasdaq Composite closed above the 5000-point level for the first time in almost 15 years, marking a milestone in the revival of an index that once was synonymous with dot-com excess.
Takata Corp. on Monday also said it is ramping up production of replacement kits for defective air bags amid widespread recalls and federal probes.
Google plans to launch a small scale U.S. wireless service.
Facing criticism from telecom carriers, Facebook’s Mark Zuckerberg struck a conciliatory tone.
Italian eyewear company Luxottica said Monday its future growth will be fueled by a stronger retail network and by increasing sales of luxury goods in Asia and North America.
Costco named Citigroup and Visa as its new credit partners, replacing American Express as the exclusive network at its stores beginning in April of next year. The deal will expand the type of plastic that is accepted at the chain.
Microsoft has a new fix-it plan for the company’s smartphone business: Wait a little longer.
Cardinal Health agreed to acquire the heart-product business Cordis from Johnson & Johnson for $1.94 billion in cash, in a move aimed at strengthening its cardiology efforts.
Russian investors led by billionaire Mikhail Fridman launched L1 Energy from a purchase of RWE Dea’s assets and threatened legal action if the U.K. tries to block the British part of the deal.