Household Product News Archives

Shares of Legg Mason Inc. fell Tuesday after the investment manager said it lost more than $250 million in the fiscal fourth quarter as it set aside millions for possible bailouts of funds rattled by shaky ... via Boston Globe

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“Through their understanding of our business and their experience with the retail supply chain, CIT has been able to make sure our financing needs are consistently met.”

Comtex NEW YORK, May 07, 2008 ----CIT Group Inc. , a leading global commercial finance company, today announced that it has provided a $50 million revolving line of credit to CHF Industries, a leading ... via Fox News

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“We were hoping to conclude the discussions and vote on the issue last night”

Revlon Inc. continues to challenge the Planning Board's report to deem the Revlon site along Route 27 as an area in need of redevelopment. via Home News Tribune

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Patrick Bousquet-Chavanne has resigned as a group president at the Estee Lauder Cos. via VMSD

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“This plant a few years ago made about 7, 000 machines a year”

Black & Decker Corp. is closing its Decatur plant and laying off all 82 employees as part of a companywide cutback that will eliminate 3 percent of its work force. via The Herald-Leader

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“We want to get everybody through these challenging times.”

Chrysler LLC Chairman and Executive Bob Nardelli said Monday the automaker should be able to meet its job-cutting goals without antagonizing the United Auto Workers. via Fort Worth Star-Telegram

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“This is not an orange-blooded town”

When a Home Depot set up shop across the street, Fireside True Value hardware store owner Wayne St. via Times Leader

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“Earnings estimate revisions are the most powerful force impacting stock prices.”

Zacks.com releases the latest list of Zacks Rank Buy Stocks. Every day on Zacks.com, four stock picks are made based on criteria for the each of the four main styles of investing: Aggressive Growth, Growth & ... via Earth Times

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Furniture company Design Within Reach Inc. cut its loss in the first quarter to $622,000, down from a loss of $3.8 million in the first quarter a year ago. via San Francisco Business Times

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“We would just like to see this issue resolved as soon as possible - ”

THE chief executive of Lothians-based Dobbies Garden Centres today insisted the company is right to ask shareholders for extra funds, after entrepreneur Sir Tom Hunter launched a legal action against the plan. via Scotsman.com News

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Some area educators were recognized Tuesday in honor of National Teacher Appreciation Day. via WHIZ-TV Zanesville

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Linens 'n Things Inc. is seeking Chapter 11 bankruptcy protection. The company's parent, Linens Holding Co., filed a petition in bankruptcy court in Delaware. via VMSD

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“Financials are in a bear market, and I think that will last some time”

Stocks are likely to open steady on Tuesday, pausing after the previous session's sharp sell-off, with investors looking ahead to results from the technology, housing and consumer sectors. via Earth Times

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Unilever , the world's second-largest maker of food and detergent, reported a 33 percent increase in first-quarter profit after selling its Boursin cheese unit and said annual sales growth will exceed its ... via Bloomberg.com

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“That's not part of the process that I followed in terms of reviewing the transaction.”

- The Conservative government is set to confirm a final decision on whether Canada's biggest space technology firm will be sold to an American buyer.

Industry Minister Jim Prentice shocked many industry observers last month when he rejected the sale of Vancouver-based MacDonald, Dettwiler and Associates Ltd., (TSX:MDA) to Alliant Techsystems Inc., of Minnesota.

Prentice said the sale did not appear to be of net benefit to Canada, and Prime Minister Stephen Harper trumpeted the decision in the House of Commons. Read more

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Persistent consumer complaints are causing some stains on a Procter & Gamble Co. via WTAP-TV Parkersburg

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Home improvement retailer Menard Inc. is turning land purchases for new stores in the Midwest into development opportunities, company officials said. via The Post Chronicle

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“These hotels represent the strongest, most consistent performers in our global system”

International, Inc. today announced that 13 of the company's franchised properties won big at the company's 54th Annual Convention in Las Vegas-each coming home as a 2008 Inn of the Year award winning hotel. via Hotels

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“The company's proven business model and impressive management team and staff have enabled NineSigma to gain significant traction with industry-leading clients worldwide and have positioned the company for accelerated growth”

Blue Chip is a current investor, and River Cities is a first-time investor in NineSigma, according to a news release. via Cincinnati Business Courier

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“I certainly haven't heard of anyone doing anything like that”

' Home improvement retailer Menards is creating need for its drills, saws and toilet seats in a way that's unique to its industry. via The Janesville Gazette - Janesville, ...

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“We expect 2008 to be another solid year of organic growth for Church & Dwight driven by an impressive pipeline of new and improved products.”

Church & Dwight, which makes Arm & Hammer products and other consumer products, this morning said that first-quarter profit rose 25 percent , helped by higher sales and cost-cutting that offset rising commodity ... via The Jersey Journal

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“Almost everyone knows someone, whether it be a mother, wife, sister, daughter or friend who has been affected by breast cancer”

Some of the most famous women in the world are lending a hand to celebrate moms this Mother's Day and also raise awareness about an important women's health issue effecting thousands of women each year. via WDWB-TV Southfield

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“The strength of our portfolio of brands will continue to drive profitable business into retail stores by providing a wide array of highly appealing products to meet consumers' needs”

Itasca, Ill. - Enesco, LLC, a leader in the gift, and home and garden dA©cor industries, today announced the signing of an exclusive, long-term, worldwide, strategic agreement with The Boyds Collection, ... via Gifts and Tablewares Online

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“New animals, new fish, are something we believe you have to do if you don't want to become very stale. We want people to come back”

The world's largest aquarium is getting even bigger. Georgia Aquarium officials announced Tuesday a $110 million expansion that will feature dolphins. via MyFOX Atlanta

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Tuesday reported lower quarterly profit, hurt by a soft U.S. retail environment and weakness in its fragrance and hair-care businesses. via The Globe and Mail

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RFID and Wal-Mart: It's all about money By Frank Hayes May 5, 2008 What if you threw a technology party and nobody came? Wal-Mart is in that position with RFID. via RFID Today

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That cute little $280 top may be getting passed over as the U.S. economy sours, but women may be buying more lipstick, market researchers say. via The Post Chronicle

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“The fourth-quarter and full-year financial results demonstrate continued operating excellence and the benefit of acquisitions and share repurchases to create additional shareholder value”

McKesson Corp.'s fiscal fourth quarter profit rose 19 percent because of strong sales in its distribution and technology units. via Canadian Business Magazine

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Shares of McKesson Corp. surged Monday evening following stronger-than-anticipated financial results from the healthcare services and technology provider, and shares of Merck & Co. via MarketWatch

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“P&G delivered strong results in-line with long-term targets in a challenging economic and competitive environment with broad-based sales and share growth, earnings growth and overhead cost improvement.”

April 30, 2008 By Todd Wasserman Procter & Gamble increased its marketing spend 9% and watched its earnings jump 7.9% in its latest quarter, largely on the strength of strong sales overseas. via Brandweek

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Gannett News Service * published May 5, 2008 12:15 am Moms love a little pampering. via The Asheville Citizen-Times

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“You always think of the classic lipstick and stockings doing well in wartime.”

Last month, Betsy Stein made a beeline for Bloomingdale's to buy a shirt, but the Nanette Lepore top she found was $280. Stein, 33, a business manager for a classical music composer in Manhattan, told herself ... via Seattle Post-Intelligencer

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The former Colgate-Palmolive Co. plant - along with the towering, illuminated clock that stands atop of it - is again on the list of Indiana's most endangered historical sites. via The News and Tribune

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“They brought in new leadership that thought they could change and head in a new direction, and maybe lost touch with the foundation of the business”

By BRENDAN M. CASE / The Dallas Morning News bcase@dallasnews.com In 1957, Mary Crowley founded Home Interiors & Gifts Inc. via Denton Record-Chronicle

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Net sales decreased 4.0% in 3Q results Global prestige beauty products company Elizabeth Arden, Inc. via HAPPI/Household & PP Industry

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COLGATE-PALMOLIVE CO. The quarter: The maker of toothpaste and dish soap said first-quarter earnings fell 4 percent, as the New York-based company took restructuring charges and a higher provision for income ... via Boston Globe

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“We are pleased that we have exceeded our original target for the Series A round, and have added highly experienced investors to our list of shareholders”

Histogen, Inc., a regenerative medicine company developing solutions based on the products of newborn fibroblasts, today announced the initial close of Series A financing at $5.35 million. via Freshnews

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“We deeply value our associates - they are the core of the company.”

Calling the store underperforming, Home Depot announced Thursday it will close its Opelousas location in about two months. via News-Star

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“We're disappointed and surprised that a business that opened two years ago would already be closing”

Home Depot stores in Fond du Lac and Beaver Dam will close this summer as the company shutters 15 underperforming retail outlets amid a sagging U.S. housing market. via WisInfo

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“It just looked like she was being coached.”

What was meant to be a simple gift for his daughter has turned into somewhat of a nightmare for an Avon man. via Washington Times-Herald

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Federal prosecutors say a prescription medication distributor is paying more than $13 million to settle allegations that it failed to report as suspicious sales of large quantities of drugs regulated by the ... via WBAL-AM Baltimore

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“If you want to be a leader and compete, you need to anticipate the consumer expectations ... and what is going to be possible in 10 (and) 12 years”

Lauren Thaman, global director for beauty science for Procter & Gamble Co., displays a model of a peptide molecule used in Olay Regenerist, Thursday, Dec. via Kansas.com

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“Today's settlement makes clear that the Department of Justice is committed to doing its part to curtail illegal access to these dangerous drugs.”

McKesson Corp., one of the nation's largest distributors of pharmaceutical drugs, has agreed to settle allegations that it violated federal reporting provisions relating to its handling of certain prescription ... via US Drug Enforcement Administration

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“Whenever you have growth in the category, that's a good thing, but there's more competitive activity.”

Procter & Gamble Co. said Friday it is suing rival Johnson & Johnson, alleging patent infringement over teeth-whitening strips. via New York Daily News

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Just as we thought they would do: Linens 'N Things abandoned any thoughts of a prepackaged bankruptcy and filed voluntary chapter 11 today. via Wall Street Folly

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Stock futures were little changed Friday ahead of a government report that is forecast to show the nation's payrolls shrank again in April. via The Florida Times-Union

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“I am very pleased Mick will continue to play a central role in the Coles operations”

THE manager who has been running Coles supermarkets in an interim capacity for the past 15 months will be given control of the division's supply chain when a new boss is installed later this month. via NEWS.com.au

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U.S. stocks posted solid gains early Wednesday as quarterly results from Procter & Gamble and General Motors combined with encouraging economic data. via Reuters Video

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Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Exxon Mobil Corp., down $3.37 at $89.70 Record crude prices lifted profit to $10.9 billion ... via The Post-Standard

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Clorox Corp. on Thursday reported its quarterly net income fell 22% from a year ago, undercut by rising raw material costs and restructuring charges. via MarketWatch

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The Home Depot is closing 15 of its namesake stores, affecting 1,300 employees. It is the first time the home improvement retailer has ever closed a flagship store for performance reasons.

The Atlanta-based company said Thursday that the underperforming U.S. stores being closed represent less than 1 percent of its existing stores. They will be shuttered within the next two months.

A company spokesman says some of the employees will be relocated, while others could lose their jobs.

Spokesman Ron DeFeo says Home Depot has only closed one of its flagship stores previously because of structural damage. Read more

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“Despite a weak consumer and retail environment, we were still disappointed with our results this quarter”

Beauty company Elizabeth Arden Inc. said Thursday it swung to a third-quarter loss of $3.81 million, or 14 cents a share, from profit of $3.16 million, or 11 cents, a year earlier. via Market Watch

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