CEO Christopher Connor

Things are fairly calm this Friday afternoon as market watchers wrap things up ahead of the holiday weekend…(Read More) SchaeffersResearch.com Trading Floor Blog Highs & Lows: Foot Locker, Sherwin-Williams, and VimpelCom is a post from: The Forex Trading System BlogRead Full Story

Paint maker and retailer Sherwin-Williams Co. said Thursday its second-quarter profit jumped 15 percent, fueled by sales to contractors and industrial customers.The earnings results beat Wall Street expectations but its forecast for the third quarter and full year were below analysts' estimates.Its shares fell 78 cents to $68.78 in morning trading.Chairman and CEO Christopher M. Connor said the company is controlling costs and and has raised prices to offset raw material increases.Sherwin...Read Full Story

Companies that sold lead-based paint have appealed a judge's decision denying them reimbursement for the cost of defending themselves against a lawsuit from Rhode Island.Superior Court Judge Michael Silverstein ruled in May the state didn't have to repay them.The manufacturers argued they were entitled to reimbursement because the state Supreme Court in 2008 ruled in their favor and reversed a landmark jury verdict that could've cost them billions of dollars.A notice of appeal was filed...Read Full Story

Shares of Sherwin-Williams Co. dropped Tuesday after the paint maker said its same-store sales fell during the second quarter.Shares of the Cleveland-based company fell $3.27, or 5.6 percent, to $54.22 in mid-afternoon trading.Earlier in the day, Sherwin-Williams told investors that its quarterly profit dropped 7 percent as the economic downturn cut into its sales.The company reported earnings of $158 million, or $1.35 per share, in the second quarter of 2009 compared with $171.7 million, or...Read Full Story

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The state is making progress toward its goal of cleaning up as many as 600 housing units contaminated with toxic lead paint, Rhode Island Attorney General Patrick Lynch said Monday.The $6.7 million project is funded by DuPont and targets homes and apartments in low-income neighborhoods. Lynch, who spoke outside a low-income home in Providence currently undergoing remediation, said he hopes to complete the work by 2012."As long as there is one child harmed and one family adversely affected...Read Full Story

Sherwin-Williams is recalling about 76,000 Purdy paint scrapers. The recalled scraper's body can break away from the handle when struck against a hard object. This poses a laceration hazard to users. The firm has received four reports of the scraper's body separating from the handle. There have been no reported injuries. The recalled scraper is a 2-inch wide steel tool with a four-sided edge. The handle has a soft black grip with 'Purdy' printed in red letters on the side of the handle...Read Full Story

A judge has ruled companies that sold lead-based paint and were sued by Rhode Island cannot recover money they spent defending themselves.The state in February 2006 won a landmark jury verdict that could've cost the Cleveland-based Sherwin-Williams Co. and two other companies billions of dollars. But the state Supreme Court threw out the verdict.The companies had asked for the state to reimburse them for legal expenses. But Superior Court Judge Michael Silverstein on Tuesday denied that...Read Full Story

Paint maker and retailer Sherwin-Williams Co. posted flat earnings for the third quarter as an 8.8 percent increase in revenue was offset higher raw materials costs.Chairman and CEO Christopher M. Connor said the timing of price increases also headed off an earnings improvement that might have resulted as house painting contractors and do-it-yourself jobs drove up revenue.The earnings missed Wall Street expectations and its shares tumbled 5.1 percent to $70.78 in morning trading.The Cleveland...Read Full Story

Sherwin-Williams Co. executives discussed third-quarter results Tuesday with analysts in a conference call.Here Chairman and CEO Christopher M. Connor discusses strategy for its brands including Dutch Boy, Krylon and Minwax in view of the loss of Dutch Boy business at Wal-Mart:QUESTION: Is there much behind that or were you going to have to address at some point your stable of brands and see how viable some of these are longer term, you know, particularly Dutch Boy but also beyond Dutch Boy...Read Full Story