Newell buying Rubbermaid in $5.8 billion deal

Article Abstract:

New company Newell Rubbermaid comes as a result of Newell Co. buying Rubbermaid Inc. in a $5.8 billion stock deal. Current headquarters of Freeport, Ill., and Wooster, Ohio, will be moved to a new location. Layoffs because of redundancy are expected to be minimal. Some Newell brands, like Levolor, Mirro, Wearever and Anchor Hocking, will benefit from gaining access to the Rubbermaid sales channels. Rubbermaid will most probably benefit from better management that comes from Newell.

Asset sales & divestitures, Acquisitions & mergers, Organizational history, Fabricated rubber products, not elsewhere classified, All Other Rubber Product Manufacturing, Fabricated Rubber Products NEC, Mergers, acquisitions and divestments, Abstract, Newell Rubbermaid Inc., NWL, Rubber products, Consumer goods, Rubbermaid Inc., Newell Co., RBD

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Even with good earnings news, Kodak finds out just how unforgiving investors can be these days

Article Abstract:

Eastman Kodak Company posted $398 million in earnings for the third-quarter of 1998. This represented a 72% improvement compared to the same period in 1997. The figure was also one penny per share higher than what analysts had predicted. Kodak was also well ahead of schedule for its cost reduction campaign. The company's portfolio of digital products stemmed its loss of capital. However, investors showed little confidence in Kodak's shares as its revenues fell to $3.42 billion.

Comment:

Eastman Kodak Company posts $398 million in earnings for the third-quarter of 1998; shares fall due to lower revenues

Photographic and Photocopying Equipment Manufacturing, Sales, profits & dividends, Company Planning/Goals, Photographic Equip & Supplies, Photographic industry, Eastman Kodak Co., Article

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