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BUSINESS
By Eleanor Yang and Eleanor Yang,SUN STAFF | August 26, 1997
Eisner & Associates Inc., a Baltimore advertising agency, said yesterday that it has resigned its $3 million-contract with Black & Decker Corp.'s DeWalt Industrial Tool Co., a client it has had for four years.David Blum, Eisner's vice president, said the resignation came in response to the professional power tool company's preliminary actions to review the agency and examine the services available from 20 other mid-Atlantic and Northeastern advertising agencies."We have had a terrific relationship with DeWalt over the last four years, and we were quite surprised to hear all the speculation that there was a review," Blum said.
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BUSINESS
By Allison Connolly and Allison Connolly,Sun Reporter | November 12, 2006
Adam Carbaugh is not monogamous when it comes to power tools. He and his demolitions crew use some DeWalt products, but they also tend to flirt with other brands as well when tearing down buildings and busting up foundations. That's not good enough for DeWalt, maker of premium power tools and accessories. It's looking for an exclusive relationship. And so on a recent Sunday, DeWalt took Carbaugh on what for him was a dream date: making him an honorary member of NASCAR driver Matt Kenseth's pit crew at Dover International Speedway in Delaware.
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SPORTS
By Sandra McKee and Sandra McKee,Staff Writer | September 18, 1993
Here's a switch. In auto racing, winning or finishing among the top 10 can mean the difference between keeping and losing a sponsor, but when Busch Grand National driver Bobby Dotter races around Dover International Speedway this afternoon in the SplitFire Spark Plugs 200, his finish won't matter to his Baltimore-based sponsor, DeWalt Industrial Tools."
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | January 21, 2005
Eric G. Regelin, president of Atlantic Builders Group in Rosedale, knows just how big a problem theft at construction sites can be. Several years ago, one of the company's backhoes disappeared, "never to be seen again," said Regelin. The company invested thousands of dollars in a custom security system for its equipment storage yard, an innovation that slashed theft. But the company had to scrap the system when it broke down because its builder had gotten out of the market. Losses from construction site theft come to billions of dollars every year and cut across multiple sectors - homebuilding, commercial construction and public works programs.
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | November 28, 1998
The DeWALT Industrial Tool Co. of Hampstead, a subsidiary of Black & Decker Corp., is recalling about 25,000 framing saws because of a faulty cutting-blade guard, the U.S. Consumer Product Safety Commission said this week.The problem is that the lower blade guard on the saw can fail to fully close during use, leaving the blade exposed and presenting a risk of serious cuts to the user, the commission said.DeWALT has said that it is aware of 15 incidents in which the guard failed to close, with eight reports of lacerations and three cases in which stitches were required, according to the Washington-based safety commission.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | October 28, 2004
Power-tool maker Black & Decker Corp. said profit jumped 51 percent in the third quarter, led by double-digit sales growth in its DeWalt line of professional products. Net earnings rose to $112.5 million, or $1.37 per share, in the quarter that ended Sept. 26, from $74.4 million, or 95 cents per share, in the third quarter a year earlier, the company said yesterday. Excluding discontinued operations, the company had quarterly earnings of $111.3 million, or $1.35 per share, compared with $73.2 million, or 94 cents per share, a year earlier.
BUSINESS
By Kim Clark | January 25, 1992
As a part of its continuing drive to attract professional carpenters and tradesmen, Black & Decker Corp. launched a new line of professional-quality tools yesterday, but most consumers won't notice it.The Towson-based hardware giant is spending millions of dollars on a new line of 33 heavy-duty drills, saws and hammer drills that will be sold under the name of one of its subsidiaries, the DeWalt Industrial Tool Co. Black & Decker bought DeWalt in 1960.Although...
SPORTS
By Sandra McKee | February 3, 1993
The DeWalt Industrial Tool Co., headquartered in Hampstead, has decided to test the auto racing waters. It has agreed to sponsor driver Bobby Dotter for the first five races of the NASCAR Busch Grand National Series, beginning with the Goody's 300 in Daytona Beach, Fla., Feb. 13."It's obvious NASCAR fans are DeWalt customers, so our primary goal during these five races is to evaluate the various marketing programs that support the sponsorship and gauge the excitement these programs generate with our customers," said Tracy Bilbrough, DeWalt vice president of marketing and sales.
BUSINESS
By Allison Connolly and Allison Connolly,Sun Reporter | November 12, 2006
Adam Carbaugh is not monogamous when it comes to power tools. He and his demolitions crew use some DeWalt products, but they also tend to flirt with other brands as well when tearing down buildings and busting up foundations. That's not good enough for DeWalt, maker of premium power tools and accessories. It's looking for an exclusive relationship. And so on a recent Sunday, DeWalt took Carbaugh on what for him was a dream date: making him an honorary member of NASCAR driver Matt Kenseth's pit crew at Dover International Speedway in Delaware.
BUSINESS
By Meredith Cohn and Meredith Cohn,SUN STAFF | April 21, 2004
Black & Decker Corp. said yesterday that its first-quarter earnings nearly doubled to $86.6 million, boosted by strong sales of tools, especially the DeWalt brand. Earnings at the Towson-based manufacturer and marketer of power tools and accessories rose to $1.09 a diluted share, compared with 55 cents, or $43.4 million, in the first quarter last year. The current results included an $11.7 million gain from the sale of discontinued businesses. Net income from continuing operations in the three months that ended March 28 rose 72 percent to $74.3 million, or 93 cents a diluted share, a penny more than the consensus estimate of analysts surveyed by Thomson First Call.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | October 28, 2004
Power-tool maker Black & Decker Corp. said profit jumped 51 percent in the third quarter, led by double-digit sales growth in its DeWalt line of professional products. Net earnings rose to $112.5 million, or $1.37 per share, in the quarter that ended Sept. 26, from $74.4 million, or 95 cents per share, in the third quarter a year earlier, the company said yesterday. Excluding discontinued operations, the company had quarterly earnings of $111.3 million, or $1.35 per share, compared with $73.2 million, or 94 cents per share, a year earlier.
BUSINESS
By Meredith Cohn and Meredith Cohn,SUN STAFF | April 21, 2004
Black & Decker Corp. said yesterday that its first-quarter earnings nearly doubled to $86.6 million, boosted by strong sales of tools, especially the DeWalt brand. Earnings at the Towson-based manufacturer and marketer of power tools and accessories rose to $1.09 a diluted share, compared with 55 cents, or $43.4 million, in the first quarter last year. The current results included an $11.7 million gain from the sale of discontinued businesses. Net income from continuing operations in the three months that ended March 28 rose 72 percent to $74.3 million, or 93 cents a diluted share, a penny more than the consensus estimate of analysts surveyed by Thomson First Call.
BUSINESS
By BLOOMBERG NEWS | November 23, 2002
FREEPORT, Ill. - Newell Rubbermaid Inc., the maker of housewares including Calphalon cookware and Vise-Grip pliers, agreed yesterday to buy closely held American Saw & Mfg. Co. for $450 million to expand its power-tool accessories and hand-tools businesses. The transaction is expected to close by year-end and to add 4 cents a share to Newell's 2003 earnings, the company said. American Saw, the maker of Lenox utility knives, had sales of $185 million in 2001, according to Freeport, Ill.-based Newell.
SPORTS
By Sandra McKee and Sandra McKee,SUN STAFF | July 28, 2001
Matt Kenseth is like nearly every other Winston Cup driver. He just wants to drive his race car. If all he had to do every day were to get up, get dressed and race, life would be perfect. But that's not the way it is. If a driver wants to race, he has to have a sponsor. The bigger the sponsor, the better the car. And to achieve harmony with that sponsor, a driver has to spend days like the one Kenseth spent in Baltimore recently, looking over the company's products, glad-handing employees and signing autographs.
BUSINESS
By Kristine Henry and Kristine Henry,SUN STAFF | December 29, 2000
Anyone who picked up a Kwikset doorknob recently might have noticed the stars and stripes on the package and the prominent statement that it was "All American made." A closer inspection of the small print on the side panel would indicate that it was actually "Assembled in Mexico." That didn't sit well with the Federal Trade Commission, and yesterday the agency announced a tentative settlement with Kwikset's parent company, Towson-based Black & Decker Corp. The settlement carries no monetary fine, but it would "prohibit the respondents from misrepresenting the extent to which their Kwikset lockset products such as locksets, deadbolts, knobs and handles are made in the United States," the FTC said in a statement.
SPORTS
November 10, 2000
Baseball Cubs: Named Bruce Kimm manager, Pat Listach hitting instructor and Jerry Reuss pitching coach for Triple-A Iowa; Dave Trembley manager and Richie Zisk hitting coach for Single-A Daytona; Julio Garcia manager for Single-A Lansing; Steve McFarland manager for short-season Single-A Boise. Devil Rays: Agreed to terms with P Paul Spoljaric, P Derrin Ebert, OF Derrick Gibson and P Santos Hernandez on minor-league contracts. Phillies: Named former Orioles IF Jeff Manto minor-league hitting coach.
BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | October 16, 1992
Michael N. Hammes, a former auto executive who heads Black & Decker Corp.'s power tools and home products group, was appointed to the newly created position of vice chairman of the Towson-based maker of power tools and appliances, the company said yesterday."
BUSINESS
February 18, 1998
Eisner & Associates Inc. was named advertising agency of record for Hitachi Power Tools yesterday, after resigning its Black & Decker/ DeWalt Industrial Tool Co. account in August.Eisner left DeWalt when the Towson-based power tool company, which had been an Eisner client for four years, began asking for offers from about 20 other mid-Atlantic and Northeastern advertising agencies.The Hitachi ad campaign is worth an estimated $4 million and will target professionals and consumers across the country, according to Steve Eisner, the agency's chief executive and president.
BUSINESS
By Rona Kobell and Rona Kobell,SUN STAFF | September 14, 2000
James J. Roberts, president of Black & Decker Corp.'s accessory division, has resigned to take a top spot at a Connecticut tool company, making him the ninth high-level executive to leave the Towson-based tool giant in 18 months. Roberts, 42, will become president of the hand tools business at the Stanley Works, a tool and door supplier based in New Britain, Conn. Stanley spokesman Vance Meyer said the company had been looking for a new president for about a year. Stanley is smaller than Black & Decker - it had $2.8 billion in sales for 1999 compared with Black & Decker's $4.6 billion.
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | November 28, 1998
The DeWALT Industrial Tool Co. of Hampstead, a subsidiary of Black & Decker Corp., is recalling about 25,000 framing saws because of a faulty cutting-blade guard, the U.S. Consumer Product Safety Commission said this week.The problem is that the lower blade guard on the saw can fail to fully close during use, leaving the blade exposed and presenting a risk of serious cuts to the user, the commission said.DeWALT has said that it is aware of 15 incidents in which the guard failed to close, with eight reports of lacerations and three cases in which stitches were required, according to the Washington-based safety commission.
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