NEWS
October 26, 2007
Donald F. Reno Sr., a retired Black & Decker advertising executive, died Sunday at Future Care-Chesapeake in Arnold of complications from a broken hip. The Cockeysville resident was 82. Born in Baltimore and raised in the Gwynns Falls area, he was a 1943 graduate of Mergenthaler Vocational-Technical High School and earned a bachelor of arts degree at the Johns Hopkins University. During World War II, he was stationed in Panama with the Army as a photo lithographer. After the war, he held positions in printing and advertising.
NEWS
By June Arney | July 27, 2007
Black & Decker is having trouble selling lock sets for doors. And this is just the kind of thing that worries investors and economists. Most lock sets are installed in new homes. And new homes aren't selling, as evidenced by two developments yesterday, a huge second-quarter loss reported by Pulte Homes Inc. and a report by the government that the June decline in new-home sales was the biggest in five months. Those followed reports earlier in the week that sales in the far larger existing-home market fell to the slowest pace in 4 1/2 years in June and that Countrywide Financial, one of the nation's largest mortgage lenders, sees defaults spreading from subprime to more conventional mortgages.
BUSINESS
By Kristine Henry | April 28, 1999
EASTON -- Black & Decker Corp.'s chairman said yesterday that he removed a top executive as a pre-emptive strike, fearing that the president of the power tools division would quit and leave the Towson-based company in a vulnerable position.Black & Decker shares fell about 8 percent Thursday, the day after Joseph Galli's departure as president of the Worldwide Power Tools and Accessories Group was announced. Yesterday, shares closed at $54.0625, up 6.25 cents.Galli was replaced by Paul F. McBride, 43, who worked at General Electric for 21 years, most recently as president of its global silicone products business.
BUSINESS
By Kristine Henry | October 29, 1999
Black & Decker Corp. failed yesterday in an attempt to have a judge throw out a $3 million lawsuit that alleges the Towson-based toolmaker's actions severely damaged a public relations firm's ability to do business.In 1997, Black & Decker hired a former employee of Image Dynamics, a public relations firm that had handled Black & Decker for eight years. The employee, David P. Olsen of Columbia, had been head of the Black & Decker account.Olsen signed a nonsolicitation agreement with Image Dynamics in 1995 that said he would not "solicit or perform any services for any client of [Image Dynamics]
BUSINESS
By William Patalon III | March 17, 1999
Black & Decker Corp. Chief Executive Officer Nolan D. Archibald earned $4.35 million in salary, bonuses and long-term incentives and cashed in $31.85 million in stock options in 1998, a year in which the company's market value rose about $1.5 billion.Archibald's 1998 compensation was 5.6 percent less than the $4.61 million he earned the previous year. It was disclosed in the company's proxy statement -- filed with the Securities and Exchange Commission this week -- in advance of the Towson-based power tool maker's annual meeting April 27 in Easton.
BUSINESS
By William Patalon III | March 13, 1999
Black & Decker Corp. has a tentative deal to sell its huge Hampstead warehouse and factory complex and lease part of it back in an agreement that could create new jobs for the area, the Towson-based maker of power tools confirmed yesterday.The company said the pact calls for it to sell its 800,000-square-foot factory and distribution center to Goodman Industrial Equities LLC, a Boston-based industrial-property redeveloper. Black & Decker will lease back about half the building, allowing Goodman Industrial to modernize and find tenants for the rest of the facility.
BUSINESS
By William Patalon III | January 27, 1999
Black & Decker Corp. shares fell $4.25 each, or about 7 percent, to close at $53.625 yesterday after the Towson-based toolmaker posted fourth-quarter and year-end earnings that met forecasts, but cautioned that sales growth could slow this year.Black & Decker said net income in the quarter that ended Dec. 31 was $91.6 million, or $1.03 per diluted share, compared with $97 million, or $1 per share, in the same period the year before. Excluding several one-time items and before restructuring expenses of 8 cents a share, the company earned $98.1 million, or $1.10 per share.
BUSINESS
By Kristine Henry | November 3, 1999
Lawyers for the public relations firm that is suing Black & Decker Corp. filed a motion yesterday to lift the protective order that bars outside parties from reviewing court documents and prevents either side from discussing the case.The move followed a motion filed by The Sun Monday to open the records."That Black & Decker may be embarrassed by the disclosure of certain information provides an insufficient basis to deny public access to hearings or to the Court's files," Image Dynamics Inc. lawyer Alan M. Rifkin said in a separate letter to Baltimore Circuit Judge Thomas E. Noel.
ENTERTAINMENT
By SLOANE BROWN | July 25, 1999
Towson University put on a New York City look for its Maryland Arts Festival gala, on opening night of the Baltimore-Washington premiere of "Rags: Children of the Wind." The musical's story takes place in New York, so the party's more than 300 guests were treated to some Big Apple scenery, including a mini-Statue of Liberty, a Central Park fountain and a nighttime NYC skyline, all under a tent outside TU's Stephens Hall.Among those taking in the sights: Towson University president Dr. Hoke Smith and Joanne Glasser, the college's institutional advancement VP, the party's hosts; Teresa Hardin, event coordinator; Michael Decker, festival artistic producer; Nan Rosenthal, Lois Hodes and Sharon Akers, festival board members; Bruce Ballard, Aramark Corp.
NEWS
By Gary Dorsey | September 25, 1999
James Mueller, who came out of a rough Southeast Baltimore neighborhood to become the head of a prominent furniture company, died Wednesday of brain cancer at his home in Pembroke Pines, Fla. He was 60.Born a cab driver's son in O'Donnell Heights, Mr. Mueller graduated from Patterson High School before volunteering for military service with a number of his friends."