Lumber Liquidators struggles continue TOANO, Va. — Lumber Liquidators reported a wider-than-expected first-quarter loss and sales declined for a fifth straight quarter as the flooring company spends heavily to put behind it damaging reports on potentially dangerous products imported from China.The company will contribute $26 million and a million of its shares to a settlement fund to resolve a related class action. That follows an announcement last month that the Toano, Va., company would pay $2.5 million to settle allegations that some of its products violated California’s air-safety standards. Last year, it paid $13.2 million in fines and pleaded guilty to environmental crimes for importing China-made flooring that contained timber illegally logged in eastern Russia.Lumber Liquidators has been doing damage control and attempting to restore its reputation since a February 2015 airing of the CBS news show “60 Minutes,” which revealed that some of the chain’s Chinese-made laminate flooring contained high levels of formaldehyde.

Comedy chief will exit cable channelLOS ANGELES — Comedy Central’s longtime president is leaving as the cable channel faces declining ratings.The channel said Monday that Michele Ganeless will be replaced by Kent Alterman, who as president of original programming guided shows including “Inside Amy Schumer.”Ganeless said in a statement that the decision to leave was hers, adding that she wanted to challenge herself in new ways.Alterman will assume his new job immediately. Ganeless will remain as an adviser through September to help with the transition, which includes executive David Bernath’s promotion to general manager, the channel said.Ganeless, president of Comedy Central for 12 years, was part of parent company Viacom’s team that helped launch the channel in 1991. Most recently, she guided it through the departures of popular hosts Jon Stewart and Stephen Colbert.