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Newell Rubbermaid bows out of Chicago Stock Exchange

BY HBSDealer Staff

Newell Rubbermaid is streamlining its operations by removing its common listing from the Chicago Stock Exchange next month, the company announced Thursday.

According to a company statement, the decision was enacted in an effort to trim the duplicate administrative requirements and costs resulting from the maintenance of a dual listing. Newell Rubbermaid does not believe the move will impact the liquidity of its common stock.

The Chicago Stock Exchange will continue trading the common stock on an unlisted trading privilege basis. Newell Rubbermaid will maintain its position on the New York Stock Exchange.

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Duracell charges ahead with Quantum

BY HBSDEALER Staff

Bethel, Conn.-based Duracell launched Duracell Quantum, a battery that the company calls its biggest innovation since CopperTop and “the world’s most advanced alkaline battery.”

“Duracell Quantum was engineered from the ground up to offer consumers a premium alkaline battery,” said Volker Kuhn, general manager for Duracell North America. “For the first time in 50 years, we’re changing the color to red and copper to symbolize the quantum leap in power for Duracell.”

MSRPs range from $3.47 for a two-pack of AA/AAA batteries to $25.97 for a mega pack of 20.

The company says the Duracell Quantum’s Hi-Density Core allows the battery to pack in more power than before. The product also is built to preserve power for up to 10 years in storage.

Duracell is a Proctor & Gamble brand.

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Modiani Kitchens adds new kitchen designer

BY HBSDEALER Staff

Modiani Kitchens and Interiors has hired a new kitchen designer. Linda Klein, Allied ASID, NKBA member (National Kitchen and Bath Association), is an expert in residential and commercial interior design and space planning.

Klein is a graduate of the University of Maryland with a bachelor’s degree in design and illustration. She began her career as the head designer of a high-end clothing company. After attending the Fashion Institute of Technology, she began designing and rendering residential spaces in New York City and New Jersey on a freelance basis.

She joined a Princeton, N.J.-based architectural firm in 1996 and worked there until 1999 when she left to open Linda Klein LLC, an interior design firm with expertise in kitchen and bath design, project management and space planning. She closed her company in 2012 when her family relocated to the New York area.

"We are thrilled that Linda has joined us. She shares our love and passion for interior design. Her expertise is traditional style design and her clients are from all over the tri-state area including South Jersey and Pennsylvania," said co-founder of Modiani Kobi Aharon.

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