Dec 31, 2007 | New York Times
In 2007, Some Giants Went Smaller
“There is a growing sense among investors that portfolio managers do a better job than corporate managers”
Not so fast. Corporate America appears to have had second thoughts in 2007. Frank S. Blake, who replaced Robert L. Nardelli as chief executive of Home Depot , sold off the $12 billion division that Mr. via New York Times
Dec 31, 2007 | CapitalCentral
“The voters have spoken. There are seven new members on the board”
Nearly 150 people gathered at the Kallet Civic Center Sunday afternoon for the swearing-in ceremony for the city's new mayor, common council and Madison County supervisors. via CapitalCentral
Dec 31, 2007 | LancasterEagleGazette
“It's kind of like going to a funeral home every day or a cancer that's growing. It's been a slow death, a painful death”
LANCASTER - The city's business scene had its share of ups and downs in 2007. Construction on Big Box stores - Wal-Mart, Kohl's and Menard's Home Improvement - seemed to come in rapid succession. via LancasterEagleGazette
Miami U fund helps students go into business
OXFORD: A Miami University professor has helped revive a student-managed venture capital fund that aims to energize businesses founded and run by university students and recent alumni. via Ohio.com
So that's what really happened?
“But together, we'll be more successful than RIM!”
Bob Nardelli gets the boot from the corner suite at Home Depot, taking a $200-million exit package with him. via Globeinvestor.com
€50m boost for Waterford Wedgwood
Corporate Partners II, a private equity fund of Lazard Alternative Investments, has pumped €50m into struggling glass and Crystal group Waterford Wedgwood. via RTE.ie
Upcoming Events for Sunday, Dec. 30
Sunday Organizational activities Gamblers Anonymous and Gam-Anon, 5-7 p.m., United Methodist Church, corner of Grove and Main Streets, Oneida. via The Oneida Daily Dispatch
Strong growth for retail sector in 2008
“Diets have been moving form grain-based to more meat-based products”
The retail sector is expected to continue to enjoy stellar growth in 2008, with consumer demand remaining high after a watershed year marked by the takeover of supermarket giant Coles Group. via The Age
Macy's, Dillard's, J.C. Penney Slash Prices for Post-Christmas Shoppers
Dillard's Inc., Macy's Inc. and Home Depot Inc. slashed prices the day after Christmas as U.S. retailers attempted to avoid the worst holiday-shopping season since 2002. via Bloomberg
Ahead of the Bell: Palomar Medical
“If an agreement is reached, P&G conceivably would pay much less to Palomar but the latter would have the ability to license the technology to other companies”
Investors on Wednesday may take a second look at Palomar Medical Technologies Inc. via Boston Globe
Swearing in for city officials
There will be a ceremonial swearing in of City of Oneida's newly elected and re-elected officials as well as to recognize the service of the city's outgoing elected officials. via Oneida Daily Dispatch
AeroMechanical says Star Navigation Systems withdrew several claims
Star Navigation Systems Group Ltd. has dropped several claims of patent infringement against AeroMechanical Services Ltd. via 680News
High Speed rail routes from San Jose to San Francisco
Issues Beyond Palo Alto , posted by Rick, a resident of the Charleston Gardens neighborhood, on Dec 21, 2007 at 11:04 am Where will the rail routes go? Will they follow the current tracks? Will they go along ... via Palo Alto Weekly
Lake Havasu City woman with TB to be isolated
A Lake Havasu City woman who was hospitalized with an active case of tuberculosis on Nov. via Arizona Daily Sun
A liberal dose
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A liberal dose
As its stores close, Bombay Co. brand name will live on
“We are very pleased that the Bombay name will have the opportunity to flourish under the new venture”
The bankrupt Bombay Co. said Friday that it has sold its brand name at a New York auction for an undisclosed price to a joint venture that plans a broad range of consumer products to be internationally marketed using the Bombay name.
Bombay Brands was formed by Hilco Consumer Capital of Canada, the owner of the Halston fashion brand; Gordon Bros. Group, a company specializing in retail-chain liquidation; and Graj + Gustavsen, a New York-based brand-strategies and marketing firm.
The new company will sell the products it creates through licensing agreements with retailers, wholesalers and franchisees, a news release said. Read more
GNC names Kaplan marketing president
General Nutrition Centers has named Beth J. Kaplan as president, chief merchandising and marketing officer. via Cumberlink.com
Gifts for the gardeners and the birds, too
It's easy to buy presents for a gardener, but it can be hard to fit them under a tree. via MergeDigital
Beyond red and green: New colors light up seasonal decor
“These colors will give an exotic-sophisticated look”
One of the most important things for residents to think about when it comes to decorating for the holidays is to use a lot of what they already own, said Misty Otto, spokeswoman for Pier 1 Imports. via Ocean County Observer
Teck increases stake in Nautilus Minerals with exercise of warrants
“The exercise of these warrants brings to US$52 million the funds committed by Teck Cominco to the company following an earlier placement of US$25 million and a commitment to pay US$12 million as an option to form joint ventures with Nautilus”
Submarine mining technology firm Nautilus Minerals Inc. says major investor Teck Cominco is exercising US$15 million worth of warrants in the company six months early. via CBC News
“During the third quarter, we have begun to see improvements in conversion rates, units per transaction, and total transaction value”
Home furnishings retailer Pier 1 Imports Inc. on Thursday said its fiscal third-quarter net loss narrowed on lower expenses, coming in ahead of analyst expectations. via CNN
Bride plans to tie knot in NYC restroom
NEW YORK - Here comes the bride, all dressed in white ... two-ply, extra soft toilet paper. via Coshocton Tribune
“But, we have an incredible opportunity in the future. We want companies to be aware of what we have available.”
Public opinion on restaurant and retail preferences in Flower Mound reveals many similarities from the last time residents were polled. via Lewisville Leader
Snap-on Elects Nicholas T. Pinchuk Chief Executive Officer
“Nick has been a valuable member of the Snap-on team as we have worked successfully to capitalize on our abundant growth opportunities and build the Snap-on brand”
KENOSHA, Wis., BUSINESS WIRE -- Snap-on Incorporated , a leading global innovator, manufacturer and marketer of tools, diagnostics and equipment solutions for professional users today announced, consistent with ... via Digital Producer
Philips Sues P&G's Braun Pulsonic
Philips Electronics has filed suit in the United States District Court for the Southern District of New York to stop Procter & Gamble's Braun division from continuing its "false and misleading advertising ... via Homeworld Business
Chariot Resources says drill results robust at Peruvian copper project
“The exciting drill results reported today from the Cu 40 zone are a further confirmation of the robust nature of this zone; and demonstrate that it is still very much open along its eastern flank”
Shares in miner Chariot Resources Ltd. gained nearly seven per cent Tuesday after it reported results from testing at its Marcona copper project in Peru. via 680News
S.C. Johnson sues Dial over Renuzit air freshener
“It's very important for us to respect everyone's intellectual property and we feel there's no infringement”
MILWAUKEE - Consumer products giant S.C. Johnson & Son Inc. has sued Dial Corp. for patent infringement on a new Renuzit air freshener that emits three scents. via WisInfo
General Help Wanted RC Willey Home Furnishings CASHIER/CUSTOMER SERVICE RC Willey is looking for full & part-time cashier/customer service associates to work at our Provo store and Orem store . via The Daily Herald
Customer Interaction Solutions
Philips Files Suit to Stop False Advertising Campaign for Braun Shaver
Philips Electronics today filed suit in the United States District Court for the Southern District of New York to stop Procter & Gamble and its Braun division from continuing its false and misleading ... via Customer Interaction Solutions
RONA Acquires Centre de Renovation Andre Lessard in Quebec's Beauce region
RONA , Canada's largest distributor and retailer of hardware, home renovation and gardening products, continues to grow its presence in the specialized home renovation store market with the announcement that is ... via Market Wire
Thruway tolls on Council's agenda
“Increased tolls, coupled with rising gas prices, will place an additional financial burden on the traveling public.”
At Tuesday's common council meeting, the group will consider setting water rates for 2008. via The Oneida Daily Dispatch
S&P Picks And Pans: Citi, Black & Decker, Wynn, UBS
S&P MAINTAINS HOLD RECOMMENDATION ON SHARES OF CITIGROUP C; $31.01 Citi announces that it will provide a support facility to its Structured Investment Vehicles and consolidate the $49 billion of SIVs' assets ... via KIRO-TV Seattle
Kids have breakfast with Santa
“It's one of the biggest ones we've ever had”
Holiday tunes and colorfully decorated Christmas trees beckoned the young and young at heart to downtown Oneida on Saturday, as the Kallet Civic Center held its annual Breakfast with Santa event. via The Oneida Daily Dispatch
Tuesday Media Roundup: Top Stories From Across the Web
“The division's sales excluding acquisitions will be 'above the top end' of Cadbury's forecast and profit margins will be 'modestly ahead,'”
December 11, 2007 By Rory J. Thompson The possible merger of Sears and Restoration Hardware may be a step closer today as both sides revealed they've entered into a confidentiality agreement. via Brandweek
Working in 'basket' changes outlook
“I remember seeing the look on my (6-year-old) boy's face, and he said, 'Dad, you did this?”
NEWARK - The view from the inside of The Longaberger Company's basket-shaped headquarters matches the amazement it provokes from those outside the company. via ZanesvilleTimesRecorder.com
Stocks drop on US inflation worries
US stocks continued downward Friday as investors worried that the highest monthly inflation rate since 2005 would further curb consumer spending and hinder more cuts in the interest rate. via Bangkok Post
Djia Leaders & Laggards: HD Dis
Shares of Home Depot Inc. declined on Friday and sent the Dow Jones industrial average to a lower finish, as an inflation report also weighed on stocks. via Boston Globe
Del Monte Foods Appoints Sharon L. McCollam to Board of Directors
“We are delighted to welcome Sharon to our Board of Directors”
Sharon L. McCollam, age 45, has served as Executive Vice President, Chief Operating and Chief Financial Officer of Williams-Sonoma, Inc., a specialty retailer of home furnishings, since July 2006. via PR-inside.com
Growing inflation depresses stocks
U.S. stocks fell, completing the steepest weekly drop in a month, after accelerating inflation spurred concern that higher prices will curb consumer spending and give the Federal Reserve less leeway to cut ... via Washington Times
Citi, Black & Decker among big movers
Stocks that were moving substantially or trading heavily Friday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Citigroup Inc., up 59 cents at $31.60 The bank will move assets from seven structured ... via San Jose Mercury News
P&G files infringement lawsuit against Fruit of The Earth
“We believe this is a case of clear infringement designed to take advantage of consumer goodwill and business growth that P&G developed through its patented innovation on the Olay brand”
P&G says the lawsuit, which is a trade dress taken out to protect the physical 'look and feel' of the Olay Regenerist line, was filed yesterday at the Federal District Court for the Southern District of Ohio in ... via Cosmetics Design
Swearing-in ceremonies Dec. 30 in Oneida
Oneida's officials will herald in the new year early as elected representatives - incumbents and newcomers - are sworn in Dec. via Oneida Daily Dispatch
Black/Decker says recall, slowdown to hurt results
Black & Decker Corp , maker of power tools and hardware, said on Friday that worse-than-expected business conditions and an anticipated recall would hurt its fourth-quarter and full-year results. via Earth Times
Red is the hottest color in lipstick
“The universal color I've been able to put on a lot of people is rose brown or brown rose”
Red might be the most dramatic - and trendy - lipstick color, but makeup insiders say a lipstick with at least a little pink is the easiest to wear. via Asbury Park Press Online
Jen Chapin to spice up central New York for the holidays
“Cat's in the Cradle") has been featured on "Late Nite with Conan O'Brien”
The Central New York Showcase Entertainment Agency and the Kallet Civic Center will present national recording artist Jen Chapin and her trio on Friday, Dec. via Oneida Daily Dispatch
P&G Files Infringement Lawsuit Regarding Skin Care
The Procter & Gamble Company has filed a lawsuit against Fruit of the Earth, Inc. via HAPPI/Household & PP Industry
VIDEO: 2008 Year of the Frog Fights Against Amphibian Extinction Crisis
“Amphibian Ark really is creating an ark in what's become a race to save frogs and other amphibians not from decline -- but from extinction. How could we not help?”
"2008 Year of the Frog " is a globally coordinated campaign -- led by the non-profit coalition Amphibian Ark -- to engage zoos, aquariums, corporate partners, governments, and the public in an effort to rescue ... via CSRwire.com
Hayward-based Mervyns announced Rick Leto, the company's chief executive and chief merchandising officer, resigned effective immediately. via San Jose Mercury News
Black & Decker products for those DIY painting projects By Jeanie Casison Appeal to the aspiring Bob Vila in your office with a token of appreciation that will help them with their next home improvement ... via Potentials
Union Leader Santa Fund list of contributors
In loving memory of our son, Gary Pariseau. Love, Mom & Dad $25 Tina Rothaug $100 In memory of Rocky ... Merry Christmas to All! The Barry Family $100 Bob & Cathy Griffin $100 In memory of Steven Rouleau and ... via UnionLeader.com
Coverall Cleaning Concepts Appoints New COO Patrick Joyce
Coverall Cleaning Concepts, a leading commercial cleaning franchising organization, today announced the expansion of its executive team with the appointment of Patrick Joyce to serve as chief operating officer. via Business Wire
“We are confident that we can raise the necessary resources to stabilize the college and secure its standing as one of the nation's foremost liberal-arts institutions”
Trustees overseeing Antioch College said Tuesday administrators will explore the possibility of transferring ownership of the struggling school to a group of alumni, donors and others to create a free-standing ... via Vickmickunas News
Kallet to hold New Year's Eve dance
The Greater Oneida Kallet Civic Center, 159 Main St., will host a New Year's Eve dance on Monday, Dec. via Oneida Daily Dispatch
“Black & Decker has taken the latest battery technology and created the new VPX System of compact, lightweight tools and home products.”
As shoppers make their holiday gift lists and check them twice, there are likely a few extra-nice homeowners and workshop warriors on their rosters. via Earth Times
SchaeffersResearch.com Daily Market Blog
Restoration Hardware Reports Widened Third-Quarter Loss
Sales for the period increased to $173.7 million from $157.1 million in the year-ago quarter. via SchaeffersResearch.com Daily Market Blog
Memorial to murdered band members
“It is going to be a very important event for the families who have looked forward to this for quite a long time”
The last photograph of the showband before the attack A memorial has been unveiled to members of the Miami Showband murdered by loyalists in 1975. via BBC
Restoration Hardware misses Q3 estimates, withdraws financial guidance
Restoration Hardware, Inc. , specialty retailer of hardware, bath ware, furniture and lighting, this morning reported bleaker-than-expected third-quarter results and withdrew financial guidance due to an ... via All Stories
Reckitt buys Adams cough treatments
“It will provide Reckitt Benckiser an entry into healthcare in the USA, the world's largest OTC market”
Reckitt Benckiser on Monday said it had agreed to buy U.S. drugs group Adams for $60 a share in cash, or $2.3 billion in total, to mark its entry in the U.S. healthcare market. via Reuters UK
Rare ground squirrel spotted in Springfield
“It's a pretty big deal what you've got there in Springfield”
SPRINGFIELD A conservation group is hoping to draw attention to a rare mammal living along a bike trail in Springfield in hopes of improving its chances for survival. via NWI Times
Calloway REIT buying another 10 properties from SmartCentres for $680 million
“These properties are dominant and in the early stages of their maturity”
Calloway REIT is expanding its already close relationships with Wal-Mart Canada and land developer Mitchell Goldhar with an agreement to acquire 10 new big-box shopping centres from them for about $680 million. via Canadian Business Magazine
Lipstick colors change texture, tones
“Lipstick is the only think I wear. Eye shadow is too much!”
Red might be the most dramatic and trendy lipstick color, but makeup insiders say a lipstick with at least a little pink is the easiest to wear. via Northwest Herald
“In challenging market conditions, our performance in fiscal 2007 highlights the strength and resiliency of our company”
The Toro Co. reported record net sales and net earnings for the fiscal year ended Oct. via Lawn & Landscape
Home Depot Recalls Holiday Figurines
The Home Depot Inc. has voluntarily recalled some holiday figurines imported from China due to lead found in the figurines' paint, the U.S. Consumer Product Safety Commission reported Thursday. via MyATLtv.com
Basket building still amazes on 10th anniversary
“He sketched it on napkins, talked about it constantly and convinced us all that it could come to fruition.”
NEWARK -- Ten years ago, the Longaberger Co. boasted soaring sales, unlimited growth potential, plans for new destinations, expanded facilities and a new seven-story, basket-shaped office building. via The Advocate
General Help Wanted RC Willey Home Furnishings CASHIER/CUSTOMER SERVICE RC Willey is looking for full & part-time cashier/customer service associates to work at our Provo store and Orem store . via The Daily Herald
Several restaurants closing, others opening
“I got good people that work for me, and we work hard at what we do”
Mason Jar closed Sunday; Shady Grill will close on Jan. 1. Despite recent rumors, Colosseo's, Rusty Rail have no plans to close Surviving in the restaurant business is not an easy task, and Don Putaski, owner ... via CapitalCentral
Home Depot Recalls Holiday Figurines Due To Lead
The U.S. Consumer Product Safety Commission, in cooperation with The Home Depot, announced a voluntary recall of 64,000 Holiday Figurines. via WFMY 2 Greensboro
The Market For Household Products In Brazil Increased Between...
“Household products in Brazil to 2010”
This databook is a detailed information resource covering all the key data points on Household products in Brazil. via PR-inside.com
China halts batch of U.S. potato chips
“This was not a result of any Proctor & Gamble action”
China halted the import of a batch of Procter & Gamble potato chips from the United States for containing a banned additive, state media reported on Friday. via Reuters
Minneapolis/St Paul City Business
Commercial sales rev Toro Q4 profit 46%; stock jumps on news
Commercial demand offset weaker residential sales for Toro Co. , which said its fourth-quarter profits grew 46 percent. via Minneapolis/St Paul City Business
Procter and Gamble has received a corporate leadership award for its effort to help provide clean drinking water in developing countries. via WHIO-AM Dayton
John R. Miller, 83, a lifelong resident of Durhamville, died peacefully early Saturday evening, Dec. via Oneida Daily Dispatch
Camillus Cutlery is auctioned off
“They can do anything that any other person who owned a piece of property could do.”
A real estate holding company made the highest bid at $230,000 Wednesday for the two Camillus Cutlery buildings during an auction at Camillus Town Hall. via The Post-Standard
Chrysler chief Nardelli tells employees US automaker expects to lose $1.6 billion in 2007
Chrysler LLC Chief Executive Robert Nardelli told a group of employees this week that the company is headed for a $1.6 billion loss this year, according to a person familiar with his statements. via PR-inside.com
Rent-to-Own Industry Reports Growth in Revenue, Customers and Store Fronts
“We see substantial growth in electronic products, wheel rims and computers”
The industry topped $6.8 billion in revenue for 2006. APRO attributes this growth to the evolution of products and store design, increased competition in the market place, improved pricing and services and ... via PR-inside.com
Home Depot to Close Call Centers, Cut 950 Jobs
Home improvement retailer Home Depot Inc is closing three call centers that aid its home services business, cutting about 950 jobs, a spokesman said on Tuesday. via BNET
Amway India targets $634-million turnover by 2012
“With the growth of colour cosmetics market in India, we are very optimistic about expanding our business here, especially in the skincare and colour cosmetic products segment”
From correspondents in West Bengal, India, 07:00 PM IST Amway India, a wholly owned subsidiary of US-based $6.3-billion Amway Corp, is eyeing a turnover of Rs.25 billion in the country by 2012. via India eNews
Home Depot cuts 3 call centers, 950 jobs
The Home Depot Inc. is cutting 950 jobs and closing three call centers that handle orders for home installation, a spokesman said Tuesday. via Ann Arbor News
Decorator Industries Buys Draperies Supplier
“During a sixty day transition period, Doris Lee's operations will be phased out and moved into Decorator's existing facilities where we already have the fixed costs in place”
Decorator Industries Inc., a supplier of interior furnishings for recreational vehicles, manufactured housing and the hospitality industry, today announced it has acquired Doris Lee Draperies for approximately ... via RV Business