Black/Decker says recall, slowdown to hurt results
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Black & Decker Corp , maker of power tools and hardware, said on Friday that worse-than-expected business conditions and an anticipated recall would hurt its fourth-quarter and full-year results.
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Research In Motion's    BlackBerry could lose its iconic status in the eyes of  corporate and retail subscribers alike if it doesn't manage to  stem service issues like the ones that led to two major outages  in less than a year, analysts say.
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Fuller, Smith & Turner and Greene King both warn of the impact of the consumer slowdown.
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A recall of 39,400 laser printers made by Lexmark International Inc. and sold by Lexmark, IBM and Dell Inc. is due to a potential electrical shock hazard, the Consumer Product Safety Commission said yesterday.
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The Swiffer Sweep+Vac, a battery-operated vacuum cleaner distributed by Procter &amp; Gamble Co., is being voluntarily recalled due to a smoke and fire risk, the US Consumer Product Safety Commission (CPSC) said on Friday.
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Electrolux AB, the world&#39;s biggest maker of home appliances, warned Thursday that its profit expectations for the rest of 2004 would be less than expected because of a rise in steel prices.
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Electrolux AB, the world&#39;s biggest maker of household appliances, said second-half profit will be less than forecast as costs for materials including steel surge.
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(InfoWorld) - A major semiconductor industry group warned that an economic slowdown could crimp sales of chips used in consumer devices, while GartnerÂ on Sunday said a global chip glut is worsening. Despite recording a fourth consecutiveÂ record high level of monthly chip salesÂ in October of $21.9 billion, the Semiconductor Industry Association (SIA) warned that greater dependance on sales of consumer electronics devices such as MP3 music players and digital cameras means the chip industry could face a downturn if an economic slowdown occurs. The global industry group said recent signs of such an economic slowdown could foretell slower chip growth in coming months. Sales for now, however, remain brisk ahead of the holiday season, the SIA said, with 9.2 percent growth in October compared to the same time last year. Sales were strongest to Europe. Market researcher GartnerÂ said production lines are churning out fewer chips than they could, and that the slowdown reflects an increase in inventory levels similar to 2004, when a glut caused a downturn in the industry. Specifically, global factory utilization rates, which measure the amount of chips a factory churns out compared to its total capacity, dropped to 88.6 percent in the third quarter from 91.2 percent in the second quarter, while in advanced, 12-inch (300 millimeter) factories, utilization rates fell to 87.9 percent in the third quarter, the lowest level since the fourth quarter of 2004, when the rate bottomed at 87.3 percent, Gartner says. "So, it is looking more and more as though 2006 is repeating the inventory increase/production cutbacks seen in 2004," wrote Gartner analyst Bob Johnson in a report. He predicts that companies will slow down on factory expansion going into 2007.
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Slowdown will give big companies more time to hunt down compatibility problems, the company says.
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The appliance company announced the recall in due to fires caused by faulty wiring in the machines
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The following recalls have been announced:
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Illinois Tool Works Inc.  cut its  quarterly profit outlook on Friday, becoming the latest  manufacturer to warn of the effects of a slowing U.S. economy.
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Returns of products that do not work like consumers believe they should is costing manufacturers, communication carriers and electronics retailers almost $14 billion a year in the United States.
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After a record-setting quarter, the retailer expects momentum to slow.
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Has recalled the power adapters due to a risk of overheating, which could lead to a fire or electrical shock. WASHINGTON: Dell Inc.
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Wall Street was expected to open lower  on Monday weighed down by worries that Americans will feel the  pinch of steeper energy costs, and Boston Scientific Corp  BSX.N may dip on news of a product recall.
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Company says 4.1 million batteries--affecting nearly all Dell notebook lines--are on the recall list.