September 26, 2009 |
Simmons Co., the maker of Beautyrest mattresses, said it planned to file for Chapter 11 bankruptcy protection, a move that would put new owners in charge of the bedding unit and significantly lower the Atlanta company's debt. Sales have slumped for mattress makers as consumers pull back on their spending during the recession, especially on big-ticket items.
March 18, 1986
The pending purchase of American Medical Optics, the nation's third-largest maker of plastic lens replacements for cataract patients, was seen as Allergan's best way to enter the lens market and expand its line of eye-care products. Terms of the deal, expected to close next month, were not disclosed. Allergan, of Irvine, is a subsidiary of SmithKline Beckman; American Medical Optics is a unit of Baxter Travenol Laboratories.
April 27, 1991 |
The manufacturer of Sudafed nasal decongestant said it plans to market a tablet form to replace capsules recalled after two people died of cyanide poisoning. Burroughs Wellcome Co. of Research Triangle Park, N.C., said surveys showed that 85% of Sudafed customers would purchase the tablet form of the drug. The FBI is continuing an investigation into the apparent drug tamperings. Two people in Washington state died and a third became ill from taking cyanide-laced Sudafed 12 Hour Capsules.
December 11, 2011 |
Question: Price gains in my shares of Moog Inc. have slowed. What are the prospects? Answer: This global maker of precision control components and systems, for use with such things as aircraft, satellites and medical devices, has had a good year. Founded in 1951 as Moog Valve Co. with the inventions of William Moog, it continues to grow through new products and acquisitions. This year it acquired sensor-maker Crossbow Technology Inc. for $32 million and motion-technology company Animatics Corp.
September 6, 2010 |
He's watched the cheap Chinese toys come in, a flimsy, mass-produced onslaught. That's of little concern. He's doing something more meaningful, something that will last. Balwinder Singh slowly works the sandpaper around the cargo bay of the miniature wooden truck, one of dozens in his roadside store. Horse carts are the most difficult, he says, with their rounded staves. Then there are the John Deere tractors, the combines, the gasoline trucks, reflecting the rich agricultural land that is Punjab, India's breadbasket.
March 29, 2012 |
When Rick Santorum's campaign announced that the GOP presidential candidate would deliver a major foreign policy address today, the venue instantly raised eyebrows - the Jelly Belly factory in Fairfield, Calif. The candy maker has decades-long ties to California politics - among the candidates to stump there in recent years were gubernatorial hopefuls Richard Riordan and Bill Simon as well as vice presidential nominee Jack Kemp. Gov. Arnold Schwarzenegger served Jelly Belly beans at his first inaugural festivities; his then-young children reportedly pelted one another with them.
August 20, 1986
The Chicago food and consumer products conglomerate said it offered to pay $130 million for the 74% share of Nicholas Kiwi Australasia Ltd. that it does not already own. Sara Lee bought all of Nicholas Kiwi's operations outside Australia and New Zealand two years ago for $327 million. The company said its offer to buy the remainder of the maker of Kiwi shoe polish was made in a filing with the Australian Foreign Investment Review Board on Aug. 15.
June 5, 1985
Arco Metals, a unit of Los Angeles-based Atlantic Richfield, agreed to sell the Waukesha, Wis.-based maker of bronze and stainless steel castings to Southern Centrifugal, a Chattanooga, Tenn.-based maker of bronze castings for industrial machinery. The purchase price was not disclosed. Arco previously announced plans to sell its entire metals business.
June 16, 1988
Bud Greenspan, film maker and author, has been named a Knight of the Order of the Republic of Finland by Dr. Mauno Koivisto, President of Finland.
August 11, 1985
William J. Aisley has been promoted to senior vice president of Vernon-based Jensen Industries, a maker of cabinets and other household fixtures.