January 3, 2001
* Black & Decker Corp., for the first time in its 90 years, is without a Decker. Former Chairman and Chief Executive Alonzo G. Decker Jr., son of the co-founder and a director for 60 years, retired, the company said. Decker, who turns 93 on Jan. 18, started working at the world's biggest power-tool maker at 14. He started his full-time job in 1930 after earning an electrical-engineering degree from Cornell University.
December 29, 2000 |
Black & Decker Corp. has agreed to settle government charges that the company claimed some of its residential lock products were "All American Made" when they actually contained many foreign parts and were assembled abroad. The Federal Trade Commission charged in a statement Thursday that Irvine-based Kwikset Corp., a Black & Decker subsidiary, used false or misleading advertising and packaging for its lock products in violation of the government's "Made in USA" standard.
January 7, 2000 |
Two units of Black & Decker Corp., the world's No. 1 maker of power tools, accused rival Masco Corp., the top U.S. maker of bathroom fixtures, of infringing on two patents for door-lock latch designs. Irvine-based Kwikset Corp. and Delaware-based Emhart Inc., say in a suit filed last week in federal court in Los Angeles that they own the rights to patents awarded in 1983 and 1987 for the latches, which enhance security. The companies contend that Masco, based in Taylor, Mich.
July 7, 1998 |
Thousand Oaks-based Amgen Inc. is among 15 stocks Salomon Smith Barney Inc. is betting on to be attractive investments in the coming year. The latest edition of Salomon's "Ten+ Exceptional Names," an annually revised portfolio of stocks, is based on the recommendations of the firm's industry analysts. Last year's list gained 31% through the 12 months ended June 30, beating the 28% price gain for the Standard & Poor's 500-stock index over the same period.
October 31, 1997 |
Three days after Black & Decker Corp. started a recall of about 224,000 of its Spacemaker Optima Horizontal Toasters, the U.S. Consumer Product Safety Commission filed suit against the company, saying it isn't satisfied with the recall program. The government's primary reason for the suit, filed Thursday, is "lack of public notice," said commission spokesman Ken Giles. The lawsuit alleges that the design of the toaster creates a substantial risk of kitchen fires when a toast cycle is completed.
October 16, 1997 |
Ford Motor Co. on Wednesday said its third-quarter profit rose 62%, beating estimates and setting a record for the period, in a performance analysts say the auto maker may be hard-pressed to repeat amid an onslaught of competition for its popular sport-utility vehicles. The world's second-largest auto maker said net income rose to $1.13 billion, or 90 cents a fully diluted share, from $694 million, or 53 cents, before special items in the year-earlier period.