Newell Rubbermaid cuts 2008 profit outlook


Associated Press Online
July 15, 2008 - ...of resin, a key ingredient in many of the company's plastic products. Newell Rubbermaid has seen its shares tumble nearly 40 percent this year as it struggles to control rising expenses for fuel and raw materials along with a weak U.S. dollar. During an earnings call this spring, executives proclaimed Newell Rubbermaid's new development mantra as "fewer, bigger, better" as it warned of challenges controlling escalating costs. Further fueling the company's trouble is the...


News Categories: