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BUSINESS
August 2, 2002 | Bloomberg News
Newell Rubbermaid Inc. said second-quarter net income rose 23% to $88.6 million, or 33 cents a share, as sales rose and the company cut jobs and streamlined operations. Operating profit rose 35% to $104 million, or 39 cents a share, two cents better than analysts' average estimate of 37 cents. Sales rose 9.9% to $1.90 billion, helped by the acquisition of American Tool, which makes Vise-Grip pliers and other tools. Analysts were expecting sales of $1.78 billion. Newell's shares rose $4.
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BUSINESS
August 2, 2002 | Bloomberg News
Newell Rubbermaid Inc. said second-quarter net income rose 23% to $88.6 million, or 33 cents a share, as sales rose and the company cut jobs and streamlined operations. Operating profit rose 35% to $104 million, or 39 cents a share, two cents better than analysts' average estimate of 37 cents. Sales rose 9.9% to $1.90 billion, helped by the acquisition of American Tool, which makes Vise-Grip pliers and other tools. Analysts were expecting sales of $1.78 billion. Newell's shares rose $4.
BUSINESS
June 2, 2000 | From Bloomberg News
Gillette Co. said it's in exclusive talks to sell its lagging Paper Mate, Parker and Watermen pens businesses, whose sales and profit fell last year, to Newell Rubbermaid Inc. Gillette, whose products include Mach3 razors and Duracell batteries, said the negotiations with Newell also include its Liquid Paper correction-fluid unit. The businesses had $743 million in sales last year.
BUSINESS
June 14, 1996 | Times Staff and Wire Reports
Arbitrator Rules Against Rubbermaid in Labor Case: Rubbermaid Inc. has been directed to pay $1.8 million in back pay and benefits to 65 members of United Steelworkers Local 451 who lost their jobs when the company closed its Carson warehouse and distribution center, the union said. In making the award, arbitrator Reginald Alleyne said the company had moved work from Carson to a plant in Marysville, Tenn.
BUSINESS
October 22, 1998 | From Times Wire Services
Newell Co., maker of household goods such as Levolor blinds and Calphalon cookware, agreed to buy Rubbermaid Inc., maker of plastic household products and Little Tykes toys, in a deal worth about $5.2 billion, the companies said Wednesday.
BUSINESS
August 15, 1997 | (Bloomberg News)
Rubbermaid Inc.'s Little Tikes Co. is suing Mattel Inc.'s Fisher-Price Inc., accusing the rival toy maker of hiring away executives to steal its trade secrets. The suit, filed in the Court of Common Pleas of Summit County, Ohio, also accuses two former Little Tikes vice presidents, Kevin Aker and Kevin Curran, of violating nondisclosure agreements with the Hudson, Ohio-based maker of children's toys and outdoor play equipment.
BUSINESS
June 2, 2000 | From Bloomberg News
Gillette Co. said it's in exclusive talks to sell its lagging Paper Mate, Parker and Watermen pens businesses, whose sales and profit fell last year, to Newell Rubbermaid Inc. Gillette, whose products include Mach3 razors and Duracell batteries, said the negotiations with Newell also include its Liquid Paper correction-fluid unit. The businesses had $743 million in sales last year.
BUSINESS
July 18, 1996 | Times Staff and Wire Reports
Rubbermaid Appeals Arbitrator's Ruling in Plant Closing: The company appealed a ruling directing it to provide an estimated $1.8 million in back pay and benefits to 65 union members who lost their jobs when it closed a Carson warehouse and distribution center. Arbitrator Reginald Alleyne said the company had relocated work to a facility in Marysville, Tenn., in 1995 without permitting the employees to move or offering to compensate them appropriately, the union said.
BUSINESS
October 18, 2005 | From Reuters
Newell Rubbermaid Inc. said Chief Executive Joseph Galli resigned "by mutual agreement" with the board, ending a tenure of more than four years marked by job cuts, plant closings and attempts to turn the consumer products maker around. Newell board member and former Procter & Gamble Co. executive Mark Ketchum was named interim CEO.
BUSINESS
October 22, 1998 | From Times Wire Services
Newell Co., maker of household goods such as Levolor blinds and Calphalon cookware, agreed to buy Rubbermaid Inc., maker of plastic household products and Little Tykes toys, in a deal worth about $5.2 billion, the companies said Wednesday.
BUSINESS
August 15, 1997 | (Bloomberg News)
Rubbermaid Inc.'s Little Tikes Co. is suing Mattel Inc.'s Fisher-Price Inc., accusing the rival toy maker of hiring away executives to steal its trade secrets. The suit, filed in the Court of Common Pleas of Summit County, Ohio, also accuses two former Little Tikes vice presidents, Kevin Aker and Kevin Curran, of violating nondisclosure agreements with the Hudson, Ohio-based maker of children's toys and outdoor play equipment.
BUSINESS
September 5, 1996 | Times Staff and Wire Reports
Rubbermaid to Buy Graco: The maker of plastic and rubber products said it agreed to buy Graco Children's Products Inc. for $320 million in cash, but Rubbermaid Inc.'s stock fell after it warned that its sales and earnings for the latest quarter will be comparable with those of a year ago. Wooster, Ohio-based Rubbermaid said it was buying Graco, a manufacturer of infant strollers, portable play yards and other infant products, from a private group of investors.
BUSINESS
July 18, 1996 | Times Staff and Wire Reports
Rubbermaid Appeals Arbitrator's Ruling in Plant Closing: The company appealed a ruling directing it to provide an estimated $1.8 million in back pay and benefits to 65 union members who lost their jobs when it closed a Carson warehouse and distribution center. Arbitrator Reginald Alleyne said the company had relocated work to a facility in Marysville, Tenn., in 1995 without permitting the employees to move or offering to compensate them appropriately, the union said.
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