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U.S. investigators raid Lumber Liquidator’s offices
New York -- Lumber Liquidators Holdings Inc., the fast-growing hardwood flooring retailer, said Friday that federal authorities with search warrants showed up at its corporate offices Virginia, on Thursday. The company said that the federal authorities' actions were related to certain wood flooring product imports.
The authorities were from the Department of Homeland Security's Immigration and Customs Enforcement and the U.S. Fish and Wildlife Service.
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PetSmart increases quarterly dividend
PetSmart's board of directors has approved a motion to increase the company's quarterly dividend by 18% from $0.16 to $0.19 per share beginning in the third quarter.
The dividend of $0.195 will be paid Nov. 15 to stockholders of record at the close of business Nov. 1. This is equivalent to an annual rate of $0.78 per share.