NEWS
By Sheridan Lyons and Sheridan Lyons,Sun Staff Writer | May 12, 1994
Lawrence Allen Gillette yesterday insisted again that the woman he has been convicted of raping was not drunk on Aug. 27, 1992, and consented to sex with him at his Towson apartment.Mr. Gillette was testifying in Baltimore County Circuit Court in a $55 million civil lawsuit against him by the 20-year-old Harford County woman.A jury is to hear instructions from Judge J. William Hinkel and closing arguments from the attorneys today. The judge yesterday denied a motion by defense attorney Margaret A. Mead to dismiss counts of battery and intentional infliction of emotional distress.
BUSINESS
By BLOOMBERG BUSINESS NEWS | December 31, 1996
BOSTON -- Gillette Co. and Duracell International Inc. shareholders approved Gillette's purchase of the battery maker yesterday for about $7.82 billion in stock and debt.The transaction is set to be completed at the close of business tomorrow. Duracell shareholders will get 0.904 of a Gillette share for each Duracell share they hold.The purchase adds Bethel, Conn.-based Duracell's copper-top batteries to Boston-based Gillette's line of consumer products, which includes Braun shavers, Parker pens and Right Guard deodorant.
BUSINESS
By BOSTON GLOBE | August 17, 1998
BOSTON -- Over the next year, Gillette Co. looks to make a lot of noise as it spends $300 million to market its new Mach3 razor to the world -- the ad campaign for the triple-bladed razor that has just kicked into high gear in the United States and Canada.But since 1995, the company has quietly spent even more money to overhaul its manufacturing facility in South Boston.When Hollywood spent $200 million on "Titanic," movie audiences paid attention. When the New England Patriots proposed a $200 million football stadium in South Boston, the neighborhood howled in protest.
BUSINESS
By Galina Vainblat and Galina Vainblat,New York Bureau | July 6, 1993
NEW YORK -- It may leave men's faces silky smooth, but Gillette's new razor has hit some rough patches on Wall Street.At a glitzy unveiling last week in the Rainbow Room at Rockefeller Center, Gillette Co. announced the arrival of its new SensorExcel. The company said the high-tech razor would help them improve their already strong market share and keep a step ahead of the competition.But stock analysts have questioned the need for the new razor. Although they think Gillette's stock price and market share are headed up, many doubt that the SensorExcel will contribute much to this movement.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | January 28, 2005
Procter & Gamble Co., the nation's largest consumer products company, reached a deal yesterday to acquire Gillette Co., the maker of batteries and shaving products, for about $55 billion in stock, executives close to the deal said last night. The merger, which is subject to regulatory approval, would create the world's largest consumer products conglomerate, overtaking Unilever, and combine a roster of some of the world's best-known billion-dollar brands including Procter's Tide, Crest and Pampers with Gillette's razors and blades, Right Guard and Duracell.
BUSINESS
By BLOOMBERG NEWS | June 19, 1999
BOSTON -- Gillette Co. shares fell 10.8 percent yesterday after the company warned that profit would not meet analysts' forecasts this year because of declining sales of its Braun shavers, Papermate pens and Right Guard deodorant.Gillette, the world's largest maker of razors and blades, fell $5.125 to $42.1875, its biggest one-day drop since a profit warning in April. The stock had the largest decline among companies in the Standard & Poor's 500 index.Gillette said late Thursday that second-quarter profit will fall 20 percent to 26 cents to 27 cents a share, even as Procter & Gamble Co., Colgate-Palmolive Co. and other rivals will see gains of 10 percent or more.