The Conference Board Consumer Confidence Index increased in October to 108.7 jumping from just below to well over the dividing line between positive and negative sentiments, which is a rating of 100. The September reading was 99.2. The Present Situation Index, based...
Despite mixed third-quarter results, Newell Brands CEO Chris Peterson said the company’s business transition is taking hold. Reported net loss was $198 million, or 48 cents per diluted share, versus $218 million, or 53 cents per diluted share, in the prior year...
Newell Brands is looking reduce its tariff exposure related to Chinese imports by moving some production of its countertop kitchen appliances out of China, according to a Reuters report this week citing Newell CEO Chris Peterson. Newell also relocated Chinese South...
The Conference Board reported its Consumer Confidence Index rose in July to 100.3, just above the positive/negative borderline after registering a downwardly revised 97.8 in June. The Present Situation Index, based on consumers’ assessment of current business...
Newell Brands continued its turnaround push by beating a Wall Street second-quarter earnings estimate while coming up a little short of a revenue forecast. Net income was $45 million, or 11 cents per diluted share, versus $18 million, or four cents per diluted share,...
