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February 15, 2010
Whirlpool Earnings More Than Double in Fourth-Quarter 2009

BENTON HARBOR, Mich. — Whirlpool Corp.’s fourth-quarter net earnings rose 111% to $95 million, or $1.24 per diluted share, compared to $44 million, or $0.60 per diluted share, during the same period in 2008, according to the company’s quarterly report.

November 2, 2009
Whirlpool Reports Third-Quarter Drop, Raises Profit Outlook for Year

BENTON HARBOR, Mich. — Whirlpool Corp.’s sales dropped 8% for the third quarter of 2009 compared to the same period in 2008, according to a recent earnings report, but it raised its profit outlook for the year, saying that its cost-cutting measures will pay off in the final quarter.

July 28, 2009
Whirlpool Profits Fall, but Still Beat Analysts’ Estimates

BENTON HARBOR, Mich. — Whirlpool Corp. reported a second-quarter profit drop of 33%, but that was still better than analyst expectations. The company also boosted the low end of its full-year profit guidance above analysts’ estimates.

Whirlpool contributed the relatively higher-than-expected profit to lowered working capital, improved pricing and product mix, and additional cost controls.

February 3, 2009
G&K Services Reduces Workforce to Address Continued Weak Economic Conditions

MINNEAPOLIS — G&K Services Inc. has reduced its North American workforce by approximately 340 positions and eliminated approximately 120 open positions. These steps further adjust the company’s cost structure in response to lower customer volumes and the expectation of continued weakness in near-term economic conditions, the company says.

October 28, 2008
G&K Services Closes Plants, Lays Off Workers

MINNEAPOLIS — G&K Services Inc. has taken actions to reduce expenses, including plant closings, layoffs and outsourcing, as a result of the continued difficult economic environment, and it has established reserves for environmental matters and recent changes in compensation laws, the company reports.

The expenses associated with these activities, additional reserves and continued economic softness will result in fiscal 2009 first-quarter revenue and earnings per diluted share results that will be below previously provided guidance, the company adds.

September 22, 2008
Clean Show Expands Educational Program to Foster Worldwide Participation

NEW ORLEANS — Clean Show organizers are inviting other associations, including some international associations, to participate in the show’s educational program for the first time, in order to facilitate global involvement. Clean ’09 is slated for June 18-21 in New Orleans.

August 2, 2007
G&K Services Acquires Competitor Leef Services

MINNEAPOLIS — G&K Services has acquired the outstanding stock of Leef Brothers Inc. (Leef Services), a leading uniform and facility services company that serves customers in the Upper Midwest. Terms were not announced.

February 20, 2007
ARAMARK Completes Merger with Investor Group Led by CEO

PHILADELPHIA — ARAMARK Corp. has completed a merger in which it has been acquired by an investor group led by Joseph Neubauer, chairman and chief executive officer of ARAMARK, and investment funds managed by GS Capital Partners, CCMP Capital Advisors and J.P. Morgan Partners, Thomas H. Lee Partners and Warburg Pincus.

Approximately 250 ARAMARK senior managers are also investing in the transaction.

June 8, 2006
Avondale Mills to Cease Operations, Sell Assets

GRANITEVILLE, S.C. — Avondale Mills, the oldest U.S. textile manufacturer with more than 160 years of corporate history, says it will cease operations and sell assets by July 31 to maximize value for its creditors and shareholders.