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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jan 04, 2007
Page
12
Bob Nardelli abruptly resigns as The Home Depot chairman and CEO in a mutual agreement. Frank Blake to replace him as vice chairman immediate. Company notes strong leadership and strategic investments during his six years.
Hand sanitizers move from hospitals to everyday venues as major retailers and fast food chains offer packets. GOJO Industries notes rising awareness of germs and disease threats fuels growth with Purell leading sales by over 36 million in US supermarkets and drugstores.
HAMILTON SMART Papers, a producer of coated and uncoated paper, exits Chapter 11 with new ownership. Plainfield Asset Management of Greenwich, Conn., holds 92.5 percent of shares after restructuring about 40 million dollars in debt and investing 500 thousand more to boost production in Hamilton. The firm, with 520 employees, operates in Hamilton near Cincinnati and can produce 420 thousand tons annually.
General Motors posts a 13 percent drop in December U.S. auto sales to 334,501 light vehicles as truck sales fall 19 percent and car sales dip. Ford shows a 12.8 percent overall decline while Toyota gains but not enough to pass Ford. DaimlerChrysler dodges the slump with a 1 percent retreat.
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