Lowe’s adding 50-product Zep commerical line
Zep Inc. lined up a partnership with home improvement retailer Lowe’s Companies Inc. to sell 50 Zep Commercial products in its stores and on Lowes.com.
Financial terms were not disclosed. The Zep products will hit Lowe’s shelves by March.
The line includes professional strength cleaning and maintenance solutions such as All Purpose Cleaner-Degreaser, Oxy Carpet and Upholstery Cleaner, Hardwood Floor Cleaner, and High Traffic Floor Cleaner.
Lowe’s already carries Zep’s Enforcer brand of insecticide, herbicide and rodenticide products...
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Morris, Manning & Martin snares Troutman Sanders team
Atlanta-based law firm Morris, Manning & Martin LLP has lured a six-person international trade group away from Troutman Sanders LLP, providing a significant boost to its small District office.
Partners making the move include Donald Cameron, Julie Mendoza, Will Planert and Brady Mills. Associate Mary Hodgins and trade analyst Paul McGarr are also coming along.
Morris, Manning wants to establish itself as a leader in comprehensive representation of foreign companies wanting to enter the U.S. market, firm leaders said...
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The Reel Thing: Oscar nominations and ruminations
Oscar nominations are out and probably the only thing Oscar addicts enjoy as much as second-guessing the eventual winners is second-guessing who got nominated and who got snubbed. Here are some random thoughts on last Tuesday’s naming names.
Best Picture
“The Artist” “The Descendants” “Extremely Loud & Incredibly Close” “The Help” “Hugo” “Midnight in Paris” “Moneyball” “The Tree of Life” “War Horse”
With the Best Picture category expanded to anywhere between 5 and 10, you’d think there wouldn’t be any snubs...
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UPS to take $827M charge for accounting change
United Parcel Service Inc. will take $827 million for the fourth quarter of 2011 due to a change in pension accounting.
The Atlanta-based package shipping and logistics company said the charges will reduce its earnings per share for the year by 41 cents. UPS (NYSE: UPS) reports fourth-quarter and full-year earnings on Jan. 31
UPS said the new accounting method records actuarial gains and losses on the income statement in the year incurred rather than amortizing them over time.
“This policy provides greater transparency to the company’s underlying operating results,” said Kurt Kuehn, UPS chief financial officer, in a statement...
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Newell Rubbermaid profit decreases to $125M in 2011
Newell Rubbermaid Inc. (NYSE: NWL)
The Atlanta-based consumer products giant saw a 9 percent drop in annual profit in 2011, impacted negatively by $15.2 million in restructuring-related costs associated with its European Transformation Plan; $77.4 million of Project Acceleration restructuring costs, including asset impairment charges and employee termination and other costs; and $218.6 million in charges incurred to retire outstanding debt under the Capital Structure Optimization Plan.
Net Sales: $5...
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