CEO Dean Scarborough

Adhesive label and retail ticket maker Avery Dennison Corp. on Tuesday posted a flat third-quarter profit, weighed down by a 10 percent sales decline. The company earned $62.5 million, or 59 cents per share, down slightly from $62.7 million, or 63 cents per share, in the 2008 period. Adjusted for restructuring and asset impairment charges and other items, the company earned 82 cents per share. The per-share figures represent a 7 percent increase in outstanding shares year over year. Sales fell to $1.55 billion, from $1.72 billion last year. Analysts polled by Thomson Reuters, on average, expected profit of 57 cents per share, on ... Read Full Story

PRNewsWire uploaded an announcement that Stamps.com will be teaming up with Avery Dennison , makers of the popular Avery line of labels, to provide an all-in-one internet-based mailing and shipping enterprise. From the press release: Avery Dennison Office Products and Stamps.com unveiled the Desktop Postal Center as part of Avery’s Mailing Center service, a comprehensive set of tools and services for mailing and shipping needs. Together the Avery Dennison and Stamps.com alliance provides the most convenient and cost-effective postage solution for small businesses and home office professionals, helping them accomplish all their day-to-day shipping and mailing projects. By transforming a computer/printer into a shipping ... Read Full Story

Avery Dennison Corp. is cutting costs, reducing debt and improving cash flow, an analyst said Friday as he upgraded shares of the adhesive label maker and office supplies provider. Baird analyst Ghansham Panjabi upgraded the shares to "Neutral" from "Underperform" and boosted the price target to $36 from $28 on expectations that recent developments will entice investors. "While Avery Dennison management faces an elongated path towards improving credibility with the Street, we believe that an improving macroeconomic environment, coupled with an aggressive cost reduction program and injection of free cash flow via a dividend cut could help shift sentiment on the shares," Panjabi wrote ... Read Full Story

Job Title: Graphic Designer Function: Marketing Business Unit: Retail Info Services North Am Company: Westlake Village State: California City: Brea Relocation Available: No Key Job Responsibilities: . Read Full Story

Adhesive label maker Avery Dennison Corp. on Tuesday settled a case that accused it of promising or making improper payments to foreign officials. The Securities and Exchange Commission said in a release that the Pasadena-based company will return more than $300,000 with interest as well as paying a civil fine of $200,000. In one case, SEC officials said a Avery subsidiary paid for gifts, sightseeing trips and kickbacks to Chinese government officials. In another, a company acquired by Avery in 2007 was accused of continuing to make illegal payments to customs or other officials in several foreign countries. Avery agreed to the settlements without ... Read Full Story