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BUSINESS
May 28, 2003 | From Bloomberg News
Black & Decker Corp. won a U.S. Supreme Court decision Tuesday bolstering employers' authority to deny disability benefits to workers. The justices ruled unanimously that employer-sponsored benefit plans don't have to defer to the opinion of a worker's treating doctor when making a disability decision. The justices set aside a lower court ruling that had sided with a former Black & Decker worker seeking benefits because of back problems.
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BUSINESS
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.
BUSINESS
January 26, 2001 | Associated Press
Black & Decker Corp. said it plans to eliminate 400 jobs, or about 1.8% of its global work force, as it reported a decline in fourth-quarter earnings and sales, citing a slowing U.S. economy and a strong dollar. The maker of power tools also said that first-quarter sales would be unchanged or modestly lower, resulting in earnings that will be flat or down at a mid-single-digit rate. In the fourth quarter, Black & Decker's profit fell 30% to $80.1 million, or 98 cents a share, on a 6.
BUSINESS
March 21, 1989 | From Associated Press
Emhart Corp. said Monday that it had agreed to be acquired by Black & Decker Corp. in a $2.8-billion takeover to thwart a hostile $2.4-billion buyout attempt by an investor group that includes oil heir Gordon P. Getty. The $40-a-share agreement, unanimously approved by the boards of both companies, came weeks after Farmington, Mass.-based Emhart spurned the unsolicited $35-a-share offer from the Getty group, known as Topper LP. Peter L.
BUSINESS
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.
BUSINESS
December 29, 2000 | From Associated Press
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.
BUSINESS
January 7, 2000 | From Bloomberg News
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.
BUSINESS
July 7, 1998 | Bloomberg News
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.
BUSINESS
October 31, 1997 | From Bloomberg News
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.
BUSINESS
October 16, 1997 | From Bloomberg News
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.
CALIFORNIA | LOCAL
April 4, 1997 | DADE HAYES
Laid-off Price Pfister Co. workers announced plans Thursday to launch a nationwide boycott of the prominent faucet maker's products and those of its parent company, Black & Decker. The workers, renewing charges of inadequate severance pay, gathered at a dilapidated North Hollywood strip mall to map out boycott strategy and promote a protest march scheduled for Sunday at the Pacoima plant.
BUSINESS
January 25, 1997 | From Times Wire Services
Monsanto Co. said Friday that its fourth-quarter earnings rose 1.1%, in line with expectations, to cap a year in which the company moved to shed its remaining chemicals business and establish itself as a dominant force in agricultural biotechnology. Profit from operations rose to $90 million, or 15 cents a share, from $89 million, also 15 cents a share, in the year-earlier period. The results were just short of the 16-cents-a-share forecast by analysts. St.
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