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Kimberly Clark Corp

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BUSINESS
December 1, 2001 | Associated Press
Kimberly-Clark Corp. said it will close five plants that employ about 1,400 people because of weak demand, but remains on track to meet analysts' earnings expectations through next year. The Irving, Texas-based company, which makes Kleenex tissues, Huggies diapers and a variety of other paper and consumer goods, will close a plant in Vermont and four in Latin America. The job losses represent about 2% of its work force. Shares of Kimberly-Clark rose $2.33 to $58.17 on the NYSE.
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BUSINESS
October 10, 2009 | Associated Press
Kimberly-Clark Corp. said Friday that it would add higher-margin medical devices to its healthcare unit by purchasing healthcare company I-Flow Corp. of Lake Forest for about $276 million. Kimberly-Clark, maker of Huggies diapers and Kleenex tissues, will start a tender offer to buy all of I-Flow's outstanding stock at $12.65 per share. The per share price represents an 8% premium to I-Flow's Thursday closing price of $11.76. "I-Flow will increase our medical device sales by more than 50%, add an innovative and successful technology to our growing portfolio of pain management and surgical solution products, and strengthen the depth and breadth of our sales force," Joanne Bauer, president of Kimberly-Clark Health Care, said in a statement.
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BUSINESS
January 10, 2001 | Bloomberg News
Kimberly-Clark Corp., maker of Kleenex tissue and Scott paper towels, said it will raise prices 6% on towels and tissues sold to hotels and offices to recoup energy costs. The Feb. 15 price increase won't affect products sold directly to consumers, Chairman Wayne Sanders told investors at a conference in Miami. Kimberly-Clark also will delay any new acquisitions until the second half, he said. Dallas-based Kimberly-Clark bought Safeskin Corp.
BUSINESS
March 28, 2002 | Bloomberg News
Kimberly-Clark Corp., the maker of Huggies diapers, pledged not to violate securities laws in settling a Securities and Exchange Commission case over the company's 1999 earnings restatement. Dallas-based Kimberly-Clark said in an SEC filing it agreed to settle the case without paying a fine and without admitting or denying it broke securities laws and SEC rules. John Donehower, chief financial officer at the company, settled a case brought against him personally on the same terms.
BUSINESS
July 22, 1989 | From Associated Press
A federal judge has ruled against Procter & Gamble Co. in a patent dispute with Kimberly-Clark Corp., defeating the consumer products giant's bid for control of the $3-billion disposable-diaper market. Procter & Gamble had charged that the Dallas-based manufacturer of "super-absorbent" Huggies diapers had copied Procter & Gamble's design of "super-absorbent" Pampers. Procter & Gamble, based in Cincinnati, was seeking removal of Huggies from store shelves and unspecified monetary damages. But U.
NEWS
December 24, 1992
John R. Kimberly, 89, former chairman and chief executive of Kimberly-Clark Corp. He was the grandson of John A. Kimberly, a founder of Kimberly-Clark, maker of Kleenex tissue, Huggies diapers and other paper products. He was elected president of the company in 1953 and chairman and chief executive officer in 1955. Kimberly remained a director of the company until 1977. During World War II, he served as deputy director of the War Production Board. In Easton, Md., on Sunday of undisclosed
BUSINESS
January 6, 1999
* Kimberly-Clark Corp., the world's largest maker of tissue products, agreed to sell its Southeastern U.S. timberlands business for undisclosed terms to focus on its consumer and health-care businesses. Southstar Timber Resources is buying the business, which includes 529,000 acres of land and related operations.
BUSINESS
August 18, 1995 | Times Staff and Wire Reports
EU to Look at Kimberly-Clark, Scott Deal: The European Commission said it will review the planned merger between U.S. companies Kimberly-Clark Corp. and Scott Paper Co. An EU executive said in a statement that the deal appeared to fall under the EU's merger regulation, under which it assesses the effects on competition of certain linkups between companies that have a significant presence on the European market. The two companies announced a $6.
BUSINESS
May 10, 1995 | Times Staff and Wire Reports
Kimberly-Clark to Spin Off Tobacco Unit: The Dallas company said the unit that makes cigarette paper is not compatible with its consumer and health care image. It said it will sell shares in the new company. Kimberly-Clark Corp. also said that its previously disclosed plans to cut about 950 jobs and consolidate its paper mills will produce a savings of $100 million a year. Wall Street welcomed the news. Shares rose $1.875 to close at $59.125 on the New York Stock Exchange.
BUSINESS
May 24, 1996 | Times Staff and Wire Reports
P&G Buying Baby Wipes Business: Procter & Gamble Co. said it will purchase the business of the former Scott Paper Co. from Kimberly-Clark Corp. for $220 million. The agreement is subject to review by the U.S. Justice Department. Antitrust authorities in the United States and Mexico had required Dallas-based Kimberly-Clark to sell off some assets as a condition for approval of its merger last year with Boca Raton, Fla.-based Scott.
BUSINESS
December 1, 2001 | Associated Press
Kimberly-Clark Corp. said it will close five plants that employ about 1,400 people because of weak demand, but remains on track to meet analysts' earnings expectations through next year. The Irving, Texas-based company, which makes Kleenex tissues, Huggies diapers and a variety of other paper and consumer goods, will close a plant in Vermont and four in Latin America. The job losses represent about 2% of its work force. Shares of Kimberly-Clark rose $2.33 to $58.17 on the NYSE.
BUSINESS
October 16, 2001
* Kimberly-Clark Corp. said it will report an unexpected decline in third-quarter profit and full-year results will miss forecasts because of declining currencies and sluggish sales in Mexico. The maker of diapers and tissues said it now expects profit of 80 cents in the latest quarter, down from 84 cents a year ago. Profit for the full year should be $3.20 to $3.30 a share, compared with the $3.38 analysts expected.
BUSINESS
January 10, 2001 | Bloomberg News
Kimberly-Clark Corp., maker of Kleenex tissue and Scott paper towels, said it will raise prices 6% on towels and tissues sold to hotels and offices to recoup energy costs. The Feb. 15 price increase won't affect products sold directly to consumers, Chairman Wayne Sanders told investors at a conference in Miami. Kimberly-Clark also will delay any new acquisitions until the second half, he said. Dallas-based Kimberly-Clark bought Safeskin Corp.
BUSINESS
April 13, 2000 | Bloomberg News
Webvan Group Inc., an Internet company that sells groceries in San Francisco, said it formed agreements with Clorox Co., Kimberly-Clark Corp. and Nabisco Holdings Corp. to widen its variety of products and attract more shoppers. Financial terms weren't released. The agreements will let Foster City, Calif.-based Webvan offer promotional discounts on these companies' products, boosting sales, Webvan said.
BUSINESS
February 24, 1999 | Reuters
Kimberly-Clark Corp. said that the WPP Group of global communications companies will handle all worldwide advertising for its consumer products. J. Walter Thompson, a WPP agency, has been awarded global creative advertising responsibility for the company's tissue brands, including Kleenex, Scott, Scottex and Andrex, it said. The accounts were previously shared by J. Walter Thompson, WPP's Ogilvy & Mather and Foote, Cone & Belding, which is a unit of Chicago-based True North Communications Inc.
BUSINESS
December 11, 1998 | Bloomberg News
Kimberly-Clark Corp., the world's biggest tissue-products company, said that it will reorganize along product lines, rather than geographic regions, to boost sales and speed the introduction of products worldwide. Senior executives will have global responsibility for its three businesses: tissues, which include Kleenex and Scott towels; personal-care products such as Huggies diapers; and health-care and nonwoven goods such as surgical face masks.
BUSINESS
December 11, 1998 | Bloomberg News
Kimberly-Clark Corp., the world's biggest tissue-products company, said that it will reorganize along product lines, rather than geographic regions, to boost sales and speed the introduction of products worldwide. Senior executives will have global responsibility for its three businesses: tissues, which include Kleenex and Scott towels; personal-care products such as Huggies diapers; and health-care and nonwoven goods such as surgical face masks.
BUSINESS
October 23, 1998 | From Times Wire Services
Boeing Co. rebounded to a better-than-expected profit in the third quarter despite lingering production problems, but the jet maker warned that Asia's recession will continue to suppress orders. Boeing earned $290 million, or 30 cents a share, exceeding the 27-cent average estimate of analysts polled by First Call Corp.
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