The stock sank 25 percent to $38.83 in New York following the broadcast on CBS Sunday evening. The investigation, which used undercover reporters and hidden cameras, found that flooring was billed as meeting California health and safety standards even though it didn’t. “60 Minutes” also said it tested flooring from China that was being sold in several states outside of California, including Virginia, Florida, Texas and New York. Of the 31 products tested, only one would have been legal in California, the show found.
via Business News http://ift.tt/1wJxYXJ
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