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BUSINESS
August 17, 2004 | From Bloomberg News
Libbey Inc., the biggest U.S. glassware maker, is eliminating 140 jobs, or about 3.7% of its workforce, as it closes a factory in City of Industry. The plant closing is set to take place next year, Toledo, Ohio-based Libbey said.
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BUSINESS
August 17, 2004 | From Bloomberg News
Libbey Inc., the biggest U.S. glassware maker, is eliminating 140 jobs, or about 3.7% of its workforce, as it closes a factory in City of Industry. The plant closing is set to take place next year, Toledo, Ohio-based Libbey said.
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BUSINESS
January 5, 1999
* Libbey Inc. will close a factory in Canada, eliminating 560 jobs, and stop making glass bottles in an attempt to increase profit. Libbey, a maker of glass tableware, will shift the plant's production of glasses to the United States and Mexico.
BUSINESS
June 11, 2002 | Associated Press
Libbey Inc., the nation's largest glassware maker, said it would abandon its attempt to acquire its Ohio rival Anchor Hocking for $332 million. The company attributed its decision partly to a compliance order issued in May by the Federal Trade Commission that said the acquisition could result in a monopoly in the tableware industry, driving up prices.
BUSINESS
June 11, 2002 | Associated Press
Libbey Inc., the nation's largest glassware maker, said it would abandon its attempt to acquire its Ohio rival Anchor Hocking for $332 million. The company attributed its decision partly to a compliance order issued in May by the Federal Trade Commission that said the acquisition could result in a monopoly in the tableware industry, driving up prices.
BUSINESS
June 19, 2001 | Bloomberg News
Newell Rubbermaid Inc. agreed to sell its Anchor Hocking glassware business to Libbey Inc. for $332 million to focus on its Calphalon pots, Sharpie markers and Rubbermaid buckets and organizers. Anchor Hocking, which makes baking dishes, drinking glasses and specialty-glass products, had sales of $216 million last year and employs 1,900. Libbey, the largest North American glassware maker, said the cash purchase will add 10 cents to 15 cents a share to earnings after the first year of ownership.
BUSINESS
February 5, 1998 | From Times Wire Services
Aetna Inc. said it returned to profitability in the fourth quarter as results in its managed-care health insurance business stabilized. Fourth-quarter net income for Hartford, Conn.-based Aetna, including a gain, was $273.9 million, or $1.71 per share, contrasted with a net loss of $107.1 million, or 80 cents, a year ago. Harrah's Entertainment Inc. said fourth-quarter earnings fell to $19.1 million before charges, or 19 cents a diluted share, compared with $22.
BUSINESS
April 24, 2002 | Bloomberg News
Libbey Inc., the biggest U.S. food service glassware maker, was barred by a federal judge from acquiring part of rival Newell Rubbermaid Inc.'s Anchor Hocking unit for $277.5million. U.S. District Judge Reggie Walton in Washington ordered a preliminary injunction sought by the Federal Trade Commission, which said the purchase would reduce competition. Walton said the FTC's concerns are enough to halt the deal until the case can be heard on its merits.
BUSINESS
April 4, 2002 | Bloomberg News
The Federal Trade Commission will proceed with its challenge of Libbey Inc.'s $277.5-million purchase of Newell Rubbermaid Inc.'s Anchor Hocking unit, rejecting Libbey's offer to buy just part of the glassware maker. The FTC told a federal judge that the agency voted to move ahead with a lawsuit opposing the proposed purchase by Libbey, the largest U.S. maker of food-service glassware. Anchor Hocking is the No.3 producer.
BUSINESS
June 17, 1999 | Bloomberg News
Libbey Inc., North America's largest producer of glassware, raised its bid for rival Oneida Ltd. to about $626 million in cash after Oneida rejected two previous offers. Toledo, Ohio-based Libbey's proposal of $37.50 a share is a 47% premium to Oneida's Tuesday closing price of $25.50 and 25% above its previous offer. Oneida, the world's largest maker of silverware, said its board will review the bid.
BUSINESS
June 19, 2001 | Bloomberg News
Newell Rubbermaid Inc. agreed to sell its Anchor Hocking glassware business to Libbey Inc. for $332 million to focus on its Calphalon pots, Sharpie markers and Rubbermaid buckets and organizers. Anchor Hocking, which makes baking dishes, drinking glasses and specialty-glass products, had sales of $216 million last year and employs 1,900. Libbey, the largest North American glassware maker, said the cash purchase will add 10 cents to 15 cents a share to earnings after the first year of ownership.
BUSINESS
January 5, 1999
* Libbey Inc. will close a factory in Canada, eliminating 560 jobs, and stop making glass bottles in an attempt to increase profit. Libbey, a maker of glass tableware, will shift the plant's production of glasses to the United States and Mexico.
BUSINESS
February 5, 1998 | From Times Wire Services
Aetna Inc. said it returned to profitability in the fourth quarter as results in its managed-care health insurance business stabilized. Fourth-quarter net income for Hartford, Conn.-based Aetna, including a gain, was $273.9 million, or $1.71 per share, contrasted with a net loss of $107.1 million, or 80 cents, a year ago. Harrah's Entertainment Inc. said fourth-quarter earnings fell to $19.1 million before charges, or 19 cents a diluted share, compared with $22.
NEWS
December 30, 1994 | CONNIE KOENENN, TIMES STAFF WRITER
How will American lifestyles change in the new year? What will consumers be consuming? Here are some predictions for 1995: * A continued "cocooning" trend as aging yuppies intensify interests in gourmet cooking and bread-baking. * An accelerated rate of home remodeling as families grow, but budgets don't. * An unprecedented passion for getting organized. * Computerized cooking that does everything but serve the meal.
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