Shoplifter tip leads to arrest
A tip to police about a planned shoplifting crime ended in an arrest outside a Lowe’s store in Monroe, La., according to an article in the News Star.
Monroe police were told that a man driving a white extended cab Chevrolet truck was going to Lowe’s to shoplift. Officers at the scene observed an individual, later identified as James Clark, 41, drive the described vehicle into the store’s parking lot.
The suspect entered and exited the store with an empty shopping cart. Police questioned Clark, who allegedly admitted to stealing some tools. The suspect was searched and officers found two Kobalt wrench sets with an estimated value of $199.94, according to the arrest report.
A criminal records check revealed Clark was on probation for unauthorized use of an access card, and his driver’s license had been suspended, according to the newspaper. Clark was also reportedly arrested for failure to pay child support in November.
His bond was set at $10,000 for shoplifting and $250 for driving without a valid license.
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Stanley Black & Decker posts mixed Q1 results
Sales were up but net earnings were down for Stanley Black & Decker, the maker of construction and DIY tools, security and industrial products.
New Britain, Conn.-based Stanley Black & Decker first quarter sales increased to $2.65 billion, up 12% from $2.36 billion in the same quarter last year.
The company said the sales growth was attributable to volume (+2%), price (+1%), currency (-1%) and acquisitions (+10%). Last year, Stanley announced it would acquire Niscayah Group AB, a Swedish commercial security company.
Stanley Black & Decker posted net earnings of $121.8 million for the first quarter, down from $158.7 million in the same quarter last year.
March 12 marked the two year anniversary of the Stanley Black & Decker combination and we remain pleased with how the integration has progressed,” said CEO John Lundgren. “Our plans to achieve $300 million to $400 million in revenue synergies by 2013 remain on track and we feel confident these projects will drive profitable organic growth as they did in 2011.”
For the entire construction and DIY segment, net sales increased 1% compared to the same quarter last year. In the CDIY segment, a 3% increase in unit volumes was partially offset by a 2% decline in currency. Excluding M&A charges, overall segment profit was flat versus the same quarter last year as cost synergies, productivity projects and volume leverage were offset by inflation, the company said.
“Our CDIY segment continues to benefit from successful new products, such as the DeWalt 20 Volt MAX lithium ion line and the new launch of the corresponding brushless line,” said executive VP and COO James Lorree.
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Appeals court delays union poster
A decision by the U.S. Court of Appeals for the District of Columbia (D.C.) Circuit Court has delayed a new rule — set to take effect April 30 — that required workplaces to post right-to-organize notices.
To be in compliance with the new rule, private employers will have to post an 11-by-17-in. notice regarding employee rights to unionize under the National Labor Relations Act. The requirement was set by the National Labor Relations Board (NLRB).
A U.S. District Court for South Carolina disagreed, stating that the NLRB does not have the statutory authority to require business owners to post this notice. A District Court in D.C. found the NLRB rule acceptable, but limited how the agency could enforce it.
Both lower courts, along with the NLRB and private employers, will now await a final decision from the Washington, D.C., appellate court.
“This ruling is a big win for NLBMDA members, and we are pleased the courts recognized the administration exceeded its authority regarding the union poster rule," said Michael O’Brien, president and CEO of National Lumber and Building Material Dealers Association (NLBMDA). "I hope the decision by the D.C. Circuit will help the NLRB strike a better balance between the rights of employers and unions."
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