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Newell Rubbermaid Inc. said it was buying Elmer’s Products Inc. for $600 million from investment management company Berwind Corp. Elmer’s, which brands include Krazy Glue, Elmer’s and X-Acto, is expected to have 2015 sales of $240 million. The deal is expected to close by the end of 2015, and add to earnings and margin in 2016. Separately, Newell said it plans to divest its Decor window coverings business, which includes the Levolor and Kirsch brands. The consumer products company, which brands already include Paper Mate, Sharpie and Mr. Sketch, affirmed its 2015 earnings-per-share outlook of $2.14 to $2.20, and core sales growth forecast of 4% to 5%. The stock, which was inactive in premarket trade, has climbed 6.6% year to date, while the S&P 500 has lost 5.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Brink’s Co. was notified by Starboard Value L.P. that the New York hedge fund has increased its stake in the security company to 12.4%. Starboard sent a letter to Brink’s senior management and board of directors, highlighting the company’s “long track record of poor performance and shareholder frustration,” and proposed ways to create value for shareholders. “Unfortunately, despite announcing a number of strategy shifts, personnel changes, and restructurings over the past five years, Brink’s has not capitalized on those opportunities but has instead, as we discussed with you at our recent meeting and as we detail below, repeatedly disappointed investors and underperformed its peers,” the letter said. Brink’s stock, which was still inactive in premarket trade, has gained 16% year to date, while the S&P 500 has lost 5.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

AT&T Inc. said on Monday that it reached an agreement with Viacom Inc. to continue providing Viacom’s media networks, which include Comedy Central, Nickelodeon and MTV, to AT&T’s U-Verse TV and DirecTV national subscribers. Terms of the long-term, multi-platform deal were not disclosed. The deal gives AT&T rights to distribute Viacom’s content across its satellite and Internet TV platforms. In July the Federal Communications Commission approved AT&T’s $49 billion deal to buy DirecTV, making it the largest pay-TV company in the U.S. AT&T subsequently announced it would begin offering bundled TV and wireless phone services. Shares of AT&T are down 2.8% in the year to date, outperforming Viacom, which has dropped 41% in the year. The S&P is down more than 5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

General Electric Co. shares rose 3.7% in premarket trading Monday, after the company said it is selling its corporate aircraft financing portfolio to Global Jet Capital in a deal valued at $2.5 billion. The portfolio comprises loans and leases as well as more than 300 fixed-wing aircraft across the U.S., Canada, Mexico and Latin America. GE said the deal will bring total asset sales to about $97 billion in the year so far. Once completed, it will contribute about $300 million of capital to the company’s overall target of about $35 billion of dividends expected to GE under its strategic plan. The deal is expected to close in the next several months. The announcement comes after activist shareholder Nelson Peltz’s Trian Fund Management LP said it has built a stake of $2.5 billion in GE, a move expected to revive pressure on the company to revive its long-depressed stock price. GE shares have gained 0.8% in the year so far, while the Dow Jones Industrial Average has fallen 7.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Twitter Inc. shares rose 2.4% in premarket trading, after the company said it has appointed Co-Founder and Interim Chief Executive Jack Dorsey as permanent CEO. The announcement confirmed media reports from the past several weeks. Dorsey will also continue to serve as CEO of Square Inc., the payments company he co-founded in 2009, that has reportedly filed confidentially for an initial public offering. “There are currently no plans to provide Mr. Dorsey with direct compensation for his role as Chief Executive Officer,” Twitter said in a regulatory filing. The company said it has also appointed Adam Bain as chief operating office. Bain, 42, was president of global revenue & partnerships at Twitter from Sept. 2010 to Oct. 2015. Shares have fallen 26% in the year to date, while the S&P 500 has fallen 5.4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Apple Inc. at No. 1, and Google Inc. at No. 2, were the most valuable global brands for the third-straight year, according to brand consultancy Interbrand. Apple’s brand value increased 43% from a year ago to $170.28 billion, while Google’s climbed 12% to $120.31 billion. Coca-Cola Co.’s brand value declined 4% but remained third, while Microsoft Corp. increased 11% to move into fourth place, dropping International Business Machines Corp. , which declined 11%, to fifth. Interbrand ranks brand value by analyzing how a brand benefits a company, from delivering on customer expectations to driving value. Rounding out the top 10 were Toyota Motor Corp. , Samsung Electronics , General Electric Co. , McDonald’s Corp. and Amazon.com Inc. .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

This Old House general contractor Tom Silva explains which glues and adhesives work best on various materials, such as wood, foam and cement, for indoor and outdoor projects. …read more

From:: DIY this old house

Spray paint is the trick to this project …read more

From:: DIY this old house

Know what to ask when disaster strikes …read more

From:: DIY this old house

What a reversal for stocks! The S&P 500 and the Dow Jones Industrial Average saw their largest single-day price swings in four years on Friday. The turnaround came as a stock-market nosedive sparked by a weaker-than-expected jobs report appeared to succumb to investor appetite for battered stocks. The Dow ended up 200 points, or 1.2%, after sinking by nearly 260 points earlier in the session, while the S&P 500 picked up 27 points, or 1.4%. The reversal for the pair of stock benchmarks marked their largest swings since Oct. 4, 2011, according to Dow Jones data. The whipsawing action helped stocks eke out modest gains for the week after volatile trading that has become more characteristic of a market keyed into economic data and what it means for the timing of a potential Federal Reserve interest-rate hike.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News