May 26, 1993 |
Call it a clean sweep for the law of supply and demand. In England and Ireland, where there are many competing brands of vacuum cleaners, Hoover Ltd. decided to stimulate sales last winter by offering free airplane tickets with each purchase (View, April 9). More than 200,000 people bought appliances. The company, which had badly underestimated demand, suffered a loss of $48.8 million.
October 17, 1985
The company's board of directors declined to recommend the $496-million takeover offer to its shareholders. Chicago Pacific's $40-a-share offer, which expires Nov. 13, is not conditioned on the tender of a minimum number of Hoover's 12.4 million shares outstanding. Hoover, the North Canton, Ohio-based manufacturer of vacuum cleaners and other floor-care products, said its board ordered the company's management and financial adviser, Lazard Freres & Co.
November 16, 1985 |
H. Earl Hoover, the former chairman of Hoover Co., the vacuum cleaner manufacturer, and an executive credited with making famous Hoover's longtime slogan, died Wednesday in a Highland Park hospital. He was 94 and a nephew of the company's founder, W. H. Hoover. Hoover had retired as chairman and honorary director of the North Canton, Ohio, company in 1974. Hoover developed many patents for the suction sweeper and helped popularize the Hoover slogan, "It beats as it sweeps, as it cleans."
August 16, 2012 |
NORTH CANTON, Ohio -- This was once a manufacturing hub where Hoover Co. made vacuums and a nearby steel plant employed tens of thousands. Many of those jobs have left the area, some disappearing entirely, others going overseas. Since then, some have returned, but the decline was one vice presidential candidate Paul Ryan tried to exploit Thursday in the swing region of Stark County, Ohio, calling out China for its restrictive trade practices and President Obama for failing to regulate them. “President Obama promised he'd stop these practices, he said he'd go to the mat with China; instead, they're treating him like a doormat,” Ryan said in a packed gymnasium at Walsh University here.