Newell Rubbermaid posts $257M loss
By Péralte C. Paul
The Atlanta Journal-Constitution
Thursday, January 29, 2009
Consumer products giant Newell Rubbermaid swung to a $256.7 million loss in the fourth quarter, largely based on falling sales stemming from the global economic slump and a write-down of assets in its tools and office products business units.
The Sandy Springs-based company also said it reduced its quarterly dividend payout by half, to 10 cents per share.
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