0:57
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Ackman, Fortune Brands to Meet; Clooney's Movie Funding
Oct. 28 (Bloomberg) -- Bloomberg's Scarlet Fu reports on major newsmakers in today'...
published: 23 Mar 2012
author: Bloomberg
Ackman, Fortune Brands to Meet; Clooney's Movie Funding
Oct. 28 (Bloomberg) -- Bloomberg's Scarlet Fu reports on major newsmakers in today's Movers & Shakers. (Source: Bloomberg)
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Cramer Interviews Fortune Brands CEO
Cramer Interviews Fortune Brands CEO...
published: 21 Mar 2012
author: TheStreetTV
Cramer Interviews Fortune Brands CEO
Cramer Interviews Fortune Brands CEO
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Fortune Brands Introduces Post-Separation Stock Tickers
Fortune Brands, Inc. (NYSE:FO) announced today the tickers under which its two businesses ...
published: 30 Jun 2011
author: FinancialNewsOnline
Fortune Brands Introduces Post-Separation Stock Tickers
Fortune Brands, Inc. (NYSE:FO) announced today the tickers under which its two businesses will trade under after they complete their separation, on track for completion early in the fourth quarter. Fortune Brands Home & Security, which is being spun off to shareholders, anticipates trading under the ticker symbol "FBHS." The remaining company, a pure-play spirits company that will be renamed Beam Inc., expects to trade as "BEAM." The current "FO" ticker symbol will no longer be used. Beam president and chief executive officer Matt Shattock said, "Consumers have called the Beam name for years - soon our investors will be able to, as well. It will be fitting for our pure-play spirits company to trade under the ticker symbol BEAM, which reflects our company name, our flagship brand, and the centuries of heritage and authenticity behind our portfolio of leading premium spirits brands." Chris Klein, president and chief executive officer of Fortune Brands Home & Security said: "Preparing to list on the New York Stock Exchange under the symbol FBHS is another exciting step towards the spin-off of Fortune Brands Home & Security. As we become a focused publicly traded company, we're determined that investors associate FBHS with industry leadership and outperformance." Fortune Brands has a potential upside of 8.1% based on a current price of $63.25 and an average consensus analyst price target of $68.4.
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Fortune Brands Completes Sale of Acushnet Company Golf Business
Today Fortune Brands, Inc. (NYSE:FO) completed the previously announced sale of the Acushn...
published: 29 Jul 2011
author: FinancialNewsOnline
Fortune Brands Completes Sale of Acushnet Company Golf Business
Today Fortune Brands, Inc. (NYSE:FO) completed the previously announced sale of the Acushnet Company golf business to a group led by Fila Korea Ltd. and Mirae Asset Private Equity. The price was $1.22 billion in cash. Bruce Carbonari, chairman and chief executive officer of Fortune Brands said, "The sale of Acushnet and its industry-leading Titleist and FootJoy brands represents a major milestone in our plan to separate our businesses to maximize long-term value for our shareholders, we will use the $1.1 billion in after-tax net proceeds from this transaction to strengthen Fortune Brands' balance sheet, which will support strong capital structures for both Beam and Home & Security as independent businesses." By reducing net debt by approximately 30%, Fortune Brands will lower its debt-to-EBITDA ratio from 3.8 to 3.0.
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7 October 2011 Fortune Brands Home & Security rings the NYSE Opening Bell
Fortune Brands Home & Security (NYSE-Listed FBHS) visits the NYSE to celebrate the rec...
published: 07 Oct 2011
author: nysetv1
7 October 2011 Fortune Brands Home & Security rings the NYSE Opening Bell
Fortune Brands Home & Security (NYSE-Listed FBHS) visits the NYSE to celebrate the recent spin-off from parent company Fortune Brands, now known as Beam, Inc. In honor of the occasion, Fortune Brands Home & Security CEO Chris Klein rings The Opening BellSM. Fortune Brands Home & Security (NYSE: FBHS) Fortune Brands Home & Security, Inc. headquartered in Deerfield, Ill., creates products and services that help fulfill the dreams of homeowners and help people feel more secure. The company's trusted brands include Master Lock, MasterBrand cabinets, Moen faucets, Simonton windows and Therma-Tru entry door systems. FBHS holds market leadership positions in all of its segments. The company's 16000 associates generated more than $3.2 billion in net sales in 2010. FBHS spun off from Fortune Brands after the close of business on October 3, 2011.
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Fortune Brands Confirms Expected Split Into Three Firms
"Fortune Brands (FO) says it will spin off its home-and-security unit, with products ...
published: 08 Dec 2010
author: FinancialNewsOnline
Fortune Brands Confirms Expected Split Into Three Firms
"Fortune Brands (FO) says it will spin off its home-and-security unit, with products including Moen faucets and Master locks. The spinoff would be designed to be tax free to holders, Fortune said. The company also said it would spin off or sell its golf division, with brands including Titleist; and continue to operate the liquor business as an independent publicly traded company. Fortune's liquor brands include, among others, Jim Beam bourbon and Laphroaig single-malt Scotch. The company says each is well positioned to create significant value for shareholders on its own. Annual revenue totals $2.5 billion in wine and liquor, $3 billion in home and security and $1.2 billion in golf, Fortune said. The Wall Street Journal had earlier reported that the plan was under consideration. "
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Insourcing Jobs, Restoring Manufacturing and Middle Class Security, Changing the Tax Code (2012)
thefilmarchive.org February 15, 2012 Master Lock is an American company that develops and ...
published: 17 May 2012
author: thefilmarchived
Insourcing Jobs, Restoring Manufacturing and Middle Class Security, Changing the Tax Code (2012)
thefilmarchive.org February 15, 2012 Master Lock is an American company that develops and manufactures padlocks, combination locks and related security products. Now an operating unit of Fortune Brands Home & Security, Inc., Master Lock Company LLC was formed in 1921 by locksmith-inventor Harry Soref, and is headquartered in Milwaukee, Wisconsin. In 1969, the company was purchased by American Brands from Soref's heirs. American Brands was later renamed to Fortune Brands, which then split on October 3, 2011 to create the Fortune Brands Home & Security company. In 1973, Master Lock ran a notable Super Bowl ad where one of their locks survived being shot by a sharpshooter, thereby proving its durability, thus the slogan "Tough Under Fire". Master Lock would continue running similar ads during future Super Bowls, spending almost their entire annual marketing budget on the single commercial. Later, Master would incorporate the image into a one second long blipvert commercial in 1998. In 1999, Fortune Brands began to abandon most operations in its Milwaukee Wisconsin Master Lock factory, and moved most of its manufacturing jobs to offshore plants in China and Mexico, putting an estimated 1300 American workers (represented by the United Auto Workers union) out of work. In 2011, it was announced that 36 jobs making combination locks were being returned from China to the heavily-automated Milwaukee plant, which would employ 379 workers. It was reported that the company would also <b>...</b>
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Wallstrip - Fortune Brands (FO)
(12-20-06) Booze, Balls, and Cabinets... Backwards??? You decide as Wallstrip grabs a tee ...
published: 20 Dec 2006
author: wallstrip
Wallstrip - Fortune Brands (FO)
(12-20-06) Booze, Balls, and Cabinets... Backwards??? You decide as Wallstrip grabs a tee time and checks out Fortune Brands Inc. (FO).
2:13
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Fortune Brands Therma Tru continue to disappoint
Packing Product for delivery Still major concern for contractor in Virginia...
published: 02 Nov 2011
author: Lennycodella
Fortune Brands Therma Tru continue to disappoint
Packing Product for delivery Still major concern for contractor in Virginia
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Fortune Brands Plans To Put Money Into Marketing Its Liquor Brands (FO)
Fortune Brands (NYSE:FO) plans to put money into marketing its liquor brands, including Ji...
published: 13 Apr 2011
author: FinancialNewsOnline
Fortune Brands Plans To Put Money Into Marketing Its Liquor Brands (FO)
Fortune Brands (NYSE:FO) plans to put money into marketing its liquor brands, including Jim Beam and Maker's Mark, as the company prepares to become a standalone spirits company. An executive said that it is also looking for possible acquisitions as the conglomerate sheds units that make Titleist golf balls and Moen faucets. Fortune Brands has a potential upside of 5.2% based on a current price of $63.12 and an average consensus analyst price target of $66.38.
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Dr. Travis Bradberry Emotional Intelligence Motivational Keynote Speaker
www.TalentSmart.com Dr. Travis Bradberry is a world-renowned expert in emotional intellige...
published: 06 Mar 2012
author: talentsmart
Dr. Travis Bradberry Emotional Intelligence Motivational Keynote Speaker
www.TalentSmart.com Dr. Travis Bradberry is a world-renowned expert in emotional intelligence who will inspire your audience, spark discussion, and motivate change. He is the award-winning co-author of the #1 best-selling book, Emotional Intelligence 2.0, and he speaks regularly in corporate and public settings. Example engagements include Intel, Coca-Cola, Microsoft, Fortune Brands, Boston Scientific, the Fortune Growth Summit, The Conference Board Learning from Legends, and Excellence in Government. Call 888.818.SMART to hire Dr. Travis Bradberry to be your motivational keynote speaker.
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Team OFARC - Marc Fortune - Brands GP
A couple of laps round Brands GP with Marc Fortune....
published: 22 Aug 2011
author: ofarc29
Team OFARC - Marc Fortune - Brands GP
A couple of laps round Brands GP with Marc Fortune.
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Korean Group Buying Acushnet From Fortune For $1.225 Billion
Fortune Brands, Inc. (NYSE:FO) announced today a definitive agreement to sell its Acushnet...
published: 20 May 2011
author: FinancialNewsOnline
Korean Group Buying Acushnet From Fortune For $1.225 Billion
Fortune Brands, Inc. (NYSE:FO) announced today a definitive agreement to sell its Acushnet Company golf business to a group led by Fila Korea Ltd, and Mirae Asset Private Equity, the largest private equity firm in Korea, for $1.225 billion in cash. Fortune estimates it will realize a net profit of $1.1 billion after taxes and selling expenses are accounted for. Acushnet is the most profitable golf equipment company in the world. Titleist is the #1 ball in golf and a leader in high-performance golf clubs. FootJoy is the #1 shoe and glove in golf and a leader in performance outerwear. Net sales exceeded $1.2 billion in 2010, with nearly half of revenues generated in markets outside of the United States. Operating income before charges was $80 million in 2010. Bruce Carbonari, chairman and chief executive officer of Fortune Brands said, "This transaction is a very important milestone as we execute our proposed plan to separate our three strong businesses for the purpose of maximizing long-term value for our shareholders. Not surprisingly, the sale process for Acushnet generated broad interest from a range of prospective buyers and resulted in this agreement that reflects the superior performance and prospects of the business. The proceeds from this sale will strengthen Fortune Brands' balance sheet and support strong capital structures for both Beam and Fortune Brands Home & Security as they look to the prospect of competing as independent companies later this year." Fortune <b>...</b>
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Citigroup Raised Its PT For Fortune Brands To $65 (FO)
"Citigroup raised its price target for Fortune Brands (NYSE:FO) to $65 from $61 and m...
published: 07 Feb 2011
author: FinancialNewsOnline
Citigroup Raised Its PT For Fortune Brands To $65 (FO)
"Citigroup raised its price target for Fortune Brands (NYSE:FO) to $65 from $61 and maintained its hold rating. The bank sees 2011 EPS of $3.26, vs. consensus estimates of $3.34 per share, and 2012 EPS of $3.72, vs. consensus estimates of $3.97 per share. Fortune Brands has a potential upside of 1.8% based on a current price of $61.9 and an average consensus analyst price target of $63."
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News Update: Bill Ackman's Pershing Square Discloses 11% Stake In Fortune Brands
Bill Ackman's activist hedge-fund Pershing Square Capital Management disclosed it had ...
published: 08 Oct 2010
author: TradeTheTrend
News Update: Bill Ackman's Pershing Square Discloses 11% Stake In Fortune Brands
Bill Ackman's activist hedge-fund Pershing Square Capital Management disclosed it had a stake of approximately 11% in Fortune Brands Inc. (NYSE:FO). The fund sometimes pushes for strategic adjustments in their investments, including sales or other units of the company. The strategy for the investment wasn't readily apparent. That being said, the company may be considered a target for activist investors since it operates three different businesses, selling golf balls, home furnishings as well as spirits.
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Fortune Brands Topped Q4 Estimates, Top Line Up 5%
Fortune Brands (NYSE:FO) reported Q4 EPS of $0.63, ex-items, ahead of consensus estimates ...
published: 04 Feb 2011
author: FinancialNewsOnline
Fortune Brands Topped Q4 Estimates, Top Line Up 5%
Fortune Brands (NYSE:FO) reported Q4 EPS of $0.63, ex-items, ahead of consensus estimates of $0.58 per share. Revenues for the quarter rose 5% year-over-year to $1.90 billion, topping consensus estimates of $1.80 billion. The company offered the following statement, "While the breadth and balance of Fortune Brands' current structure have created substantial shareholder value, we see the potential for even greater value by separating our businesses into focused companies, Our 2010 results reinforce our confidence that this is the right time to separate our three businesses to maximize long-term value for shareholders. Our proactive strategic initiatives and targeted investments have strengthened each business, and each business emerged from the downturn stronger than even we had anticipated. We expect each business will be equipped to compete and grow on its own with the management, infrastructure, capital structure and growth and returns prospects necessary for success."
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Analyst Insight: Morgan Stanley Said Soft Housing Market Limits Upside For Fortune Brands (FO,MS)
8/2/2010- Morgan Stanley analysts said that the soft housing market limits upside for Fort...
published: 02 Aug 2010
author: TradeTheTrend
Analyst Insight: Morgan Stanley Said Soft Housing Market Limits Upside For Fortune Brands (FO,MS)
8/2/2010- Morgan Stanley analysts said that the soft housing market limits upside for Fortune Brands (NYSE:FO) despite a strong Q2. The bank maintained its equal-weight rating on the stock. Analysts Dara Mohsenian and Scott Shapiro said, "FO's adjusted 2Q EPS of $0.98 was well ahead of our $0.78 estimate and consensus of $0.76, with $0.10-0.15 of the beat driven by an EPS pull-forward related to US home buyer tax credit expiration and some timing of shipments in the Spirits segment. While we were impressed by the strong Q2 results in a difficult environment and believe FO's $2.60-2.90 FY guidance is somewhat conservative, we think a muted US housing recovery in 2H10 and 2011 will limit upside in the stock. Following Q2 upside, we are boosting our FY10 estimate 4% to $2.90, essentially rolling through the 2Q EPS beat (excluding the pull-forwards in Home and Spirits). Our price target moves to $53 from $51.
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iCrossing UK: Fashion Brands and Bloggers
As part of its exploration into the relationship between brands and fashion bloggers, iCro...
published: 15 Jun 2012
author: icrossing
iCrossing UK: Fashion Brands and Bloggers
As part of its exploration into the relationship between brands and fashion bloggers, iCrossing asks: How influential are fashion blogs, how are bloggers using technology and what does the future hold for fashion blogging? To read the full eBook contact results@icrossing.co.uk.
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Analyst Insight: Citigroup Upgraded Fortune Brands To Hold, With $41 PT (NYSE:FO)
Citigroup analysts upgraded Fortune Brands (NYSE:FO) to hold from sell, with a $41 price t...
published: 02 Jul 2010
author: TradeTheTrend
Analyst Insight: Citigroup Upgraded Fortune Brands To Hold, With $41 PT (NYSE:FO)
Citigroup analysts upgraded Fortune Brands (NYSE:FO) to hold from sell, with a $41 price target. Analyst Vivien Azer said, "FO's shares have fallen roughly 20% since early June (and have underperformed the S&P 500 by over 1300 bps) as a deluge of weak housing data has meaningfully pressured FO's shares. The stock is now trading at a much more reasonable 11x our CY11 EPS estimate; and with our $41 target price representing ~9% ETR, we upgrade the stock to a Hold (2M) rating from a Sell (3M) rating." The bank sees fiscal 2010 EPS of $2.87, vs. consensus estimates of $2.86 per share, and fiscal 2011 EPS of $3.38, vs. consensus estimates of $3.53 per share.
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Analyst Insight: Morgan Stanley Reduced Its 2010 EPS Estimate For Fortune Brands Based On Weakness
Morgan Stanley analysts are reducing their 2010 EPS estimate for Fortune Brands (NYSE:FO) ...
published: 28 Jul 2010
author: TradeTheTrend
Analyst Insight: Morgan Stanley Reduced Its 2010 EPS Estimate For Fortune Brands Based On Weakness
Morgan Stanley analysts are reducing their 2010 EPS estimate for Fortune Brands (NYSE:FO) to $2.80, from $2.95 per share, vs. consensus estimates of $2.87 per share, due to recent weakness in housing data. Analysts Dara Mohsenian and Scott H. Shapiro said, "Long-term, we remain bullish on FO's ability to gain market share in the housing segment given the company's strong competitive positioning and solid execution, but near-term we envision the slow pace of the US housing recovery limiting fundamentals. Our price target, based on 15 times FY11e EPS, moves to $51 from $56. While there is solid 16% upside potential to our PT, we believe meaningful stock price appreciation is unlikely until housing trends improve." Morgan Stanley maintained its equal-weight rating on the stock. The bank sees fiscal 2010 EPS of $2.87 and fiscal 2011 EPS of $3.53.
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Earnings Report: Fortune Brands' Q3 Profit Comes Up Short
Fortune Brands (NYSE:FO) reported Q3 EPS of $0.72, missing consensus estimates of $0.74. R...
published: 28 Oct 2010
author: FinancialNewsOnline
Earnings Report: Fortune Brands' Q3 Profit Comes Up Short
Fortune Brands (NYSE:FO) reported Q3 EPS of $0.72, missing consensus estimates of $0.74. Revenues in the quarter rose 0.2% to $1.72 billion, but came in short of consensus estimates of $1.75 billion. The company reaffirmed guidance for FY 2010, seeing EPS of $2.60 - $2.90, ex-items, vs. consensus estimates of $2.86.
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Gamco's Gabelli Says Obama Tax Deal May Lift Economy
Dec. 9 (Bloomberg) -- Mario Gabelli, chief executive officer of Gamco Investors Inc., talk...
published: 23 Mar 2012
author: Bloomberg
Gamco's Gabelli Says Obama Tax Deal May Lift Economy
Dec. 9 (Bloomberg) -- Mario Gabelli, chief executive officer of Gamco Investors Inc., talks about the tax compromise between President Barack Obama and congressional Republicans and its possible impact on the economy. Gabelli, speaking with Betty Liu, Jon Erlichman and Cristina Alesci on Bloomberg Televisions "In the Loop," also discusses Fortune Brands Inc.'s plan to split up its business operations and the performance of Carlyle Group. (Source: Bloomberg)