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3Vote!

10 more stimulating stories

The headline is somewhat ironic, unless these stories, courtesy of the Senate Republican Communications Center, stimulates your anger. This is a good summary of some of the bogus "saved or created" jobs claims made by the Obama administration. 1. ADMINISTRATION OVER-REPORTED CALIFORNIA JOBS “SAVED OR CREATED” BY NEARLY 30,000: “Up To One-Fourth Of The 110,000 Jobs Reported...

3Vote!

Obama Continues Rampant Dishonesty With Stimulus ‘Jobs ‘

Want to see how Obama “created or saved” all the jobs he’s claiming? Here’s how: In June, the federal government spent $1,047 in stimulus money to buy a rider mower from the Toro Company to cut the grass at the Fayetteville National Cemetery in Arkansas. Now, a report on the government’s stimulus Web site improbably claims [...]

3Vote!

White House Cooks the Books Again -- But This Time, the Press Is Noticing

One of the blogs run by the Daily Mail gives a rundown on a few of the newspapers that bothered to do a little fact checking on the White House claims regarding how many jobs were "created or saved" by the stimulus bill. And, lo and behold, it turns out that Team Obama was lying through their collective teeth. That, of course, isn't surprising to conservatives or, for that matter, anyone...

3Vote!

Stanley Updates 2009 Full Year Guidance

NEW BRITAIN, Conn., Nov. 5 /PRNewswire-FirstCall/ -- The Stanley Works (NYSE: SWK) today updated its full year 2009 guidance to reflect one time costs associated with its proposed merger with The Black & Decker Corporation (NYSE: BDK), which was announced November 2, 2009.

3Vote!

Laughable claim: $1,000 "saved" or created 50 jobs

50 jobs "saved or created" when $1,047 in stimulus money bought a rider lawn mower from the Toro Company to cut the grass at the Fayetteville National Cemetery in Arkansas? Laughable? How about the $5 billion to weatherize homes having yielded only a little over 5,000 jobs so far? Laughable? How about the Kentucky shoe store that reported it had created nine jobs with an $890 order for work...

3Vote!

WallstreetStockReview.com Reports on Interview with MNDP CEO and President

( EMAILWIRE.COM , November 04, 2009 ) Del Mar, CA In a new audio interview with SmallCapVoice.com, President and CEO Josef Obermeier talks about the company's new client base focus. Mundus Group, Inc. recently announced it is to be focusing on a new venture designed to increase revenue streams through its subsidiary, AirStar International. Focusing on a new client base of professional and government...

3Vote!

What the Burlington Northern and Black & Decker Deals Have in Common

The Deal Professor, having expressed his dismay at the lack of M&A a day too early, weighs in on the similarities between Buffett’s purchase of BNI and the Stanley Works buyout of Black & Decker… From Steven M. Davidoff (NYT): While both deals may or may not be the sign of a new trend, and two deals certainly [...]

3Vote!

Black & Decker's Archibald passing up severance package in merger

Chief's pay with Stanley to be tied to performance The head of Black & Decker Corp. is giving up $20.5 million in severance he is eligible to receive because of the company's planned merger with The Stanley Works, according to regulatory documents filed Tuesday evening.

3Vote!

Why merge now? Age, economy seem obvious answers

Black & Decker CEO is 66; housing recovery could be slow I t was the first thing analysts asked Black & Decker boss Nolan D. Archibald about the Maryland company's sale to The Stanley Works.

3Vote!

i HOPE this is good news

it sure SOUNDS like good news at the outset. it couldn't hurt either the fair citizens of new britain or connecticut. we'll have to watch and make sure there are no (more) job cuts either here OR there Stanley to buy Black & Decker for $4.5 billion in stock Stanley Works agreed to buy Black & Decker Corp. for $4.5 billion in stock, in a deal that will enable the companies — household...

3Vote!

Fitch Places Stanley Works on Watch Negative; Black & Decker on Watch Positive on Merger

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has placed the ratings of The Stanley Works (SWK) on Rating Watch Negative. Fitch has also placed the ratings of The Black & Decker Corporation (BDK) and Black & Decker Holdings LLC on Rating Watch Positive. The rating actions follow SWK's announcement of a definitive merger agreement with BDK. The all-stock transaction will create a combined company...

3Vote!

Tool titans merge

Md.-based Black & Decker, Stanley Works join in $4.5 billion deal; Local jobs, prestige to take a hit as state loses Fortune 500 HQ Black & Decker Corp., the Towson-based toolmaker founded here almost 100 years ago, said Monday that it plans to merge with The Stanley Works in a $4.5 billion all-stock deal that will bring together internationally known brands but reduce the number of local jobs....

3Vote!

Black & Decker, Stanley Works to join

Companies join in $4.5 billion deal; local jobs, prestige to take a hit as state loses Fortune 500 HQ Black & Decker Corp., the Towson-based toolmaker founded here almost 100 years ago, said Monday that it plans to merge with The Stanley Works in a $4.5 billion all-stock deal that will bring together internationally known brands but reduce the number of local jobs.

3Vote!

BREAKING NEWS Black & Decker to merge with Stanley Works in $4.5 billion deal

Towson-based tool maker Black & Decker Corp., one of only three Fortune 500 companies in the Baltimore area, is merging with The Stanley Works in a $4.5 billion all-stock deal, the companies announced Monday.

3Vote!

Towson-based Black & Decker bought for $4.5B

Merger with The Stanley Works will create Stanley Black & Decker, an $8.4 billion company headquartered in New Britain, Conn.