Highlights
McCormick & Company Inc. is the world's leading manufacturer and distributor of spices, seasonings and other flavorings. McCormick's specialty products include gourmet spices, marinades, seasoning blends and rubs and Old Bay seasoning, a traditional accompaniment to Maryland steamed crabs. It also sells a popular line of pre-filled spice and seasoning grinders. McCormick's customers include home cooks, restaurants such as McDonald's and TGI Friday's and food manufacturers such as PepsiCo, Kraft, Campbell Soup and Frito-Lay. McCormick was founded in Baltimore in 1889. Now based in Sparks, Md., in Baltimore County, the company is publicly traded on the New York Stock Exchange and reported $2.7...
McCormick & Company Inc. is the world's leading manufacturer and distributor of spices, seasonings and other flavorings. McCormick's specialty products include gourmet spices, marinades, seasoning blends and rubs and Old Bay seasoning, a traditional accompaniment to Maryland steamed crabs. It also sells a popular line of pre-filled spice and seasoning grinders. McCormick's customers include home cooks, restaurants such as McDonald's and TGI Friday's and food manufacturers such as PepsiCo, Kraft, Campbell Soup and Frito-Lay. McCormick was founded in Baltimore in 1889. Now based in Sparks, Md., in Baltimore County, the company is publicly traded on the New York Stock Exchange and reported $2.7 billion in sales in 2006.
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Friday dividends declared
++++++++++++++++++++ || || PE- || STK || OF || PAY- || || || RIOD || RATE || RECD || ABLE || || || ++++++++++++++++++++ INCREASED ++++++++++++++++++++ || || || McCormick & Co || Q || .24 || 12-31 || 1-16 || || Ship Finance Intl || Q || .60 || 12-... -
Skelton steps down as McCormick VP
Robert W. Skelton will retire as senior vice president, general counsel and secretary from McCormick and Co. Inc. after a 32-year career, the Sparks-based spice company announced yesterday. The retirement is effective Jan. 1. Skelton will be succeeded...Tags: Government, National Government
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Holiday spice guide
Baltimore SunNothing reminds us of the winter holidays like those familiar scents of cinnamon, cloves, nutmeg, cocoa and sage. And what better way to perk up a holiday meal? Or flavor those Christmas cookies or spice up a turkey dressing? Now is a good time to stock...Tags: Dining and Drinking, Holidays, Tribune Co., Turkey, Ketchup
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U.S. firms cast wary glances overseas
As U.S. financial markets imploded and credit dried up in recent weeks, there seemed to be a haven abroad. But with financial turmoil spreading beyond America's borders, businesses and investors are likely to face daunting challenges as they tap into...Tags: International Trade, Sales, Schools, Exports, Money and Monetary Policy
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McCormick & Co. turns to solar power
McCormick & Co. plans to announce today that it will begin using solar energy at its distribution center and spice mill in Hunt Valley by early next year. The spice maker signed an agreement to have Constellation Energy build a one-megawatt solar power...Tags: Whole Foods Market, General Motors Corp., Investments, Safeway Inc., Electricity Production and Distribution
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The week ahead
Monday Earnings 3Com Corp.; AutoZone Inc.; CarMax Inc. Tuesday Earnings FactSet Research Systems Inc.; Lennar Corp. Wednesday Report August existing-home sales Earnings Bed Bath & Beyond Inc.; Nike Inc.; Paychex Inc. Thursday Reports August...Tags: Paychex Incorporated, Sales, Vail Resorts Incorporated, Analogic Corporation, AutoZone Incorporated
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Week ahead
Monday •Earnings: 3Com Corp.; AutoZone Inc.; CarMax Inc. Tuesday •Earnings: FactSet Research Systems Inc.; Lennar Corp. Wednesday •August existing-home sales •Earnings: Bed Bath & Beyond Inc.; Nike Inc.; Paychex Inc....Tags: Paychex Incorporated, Sales, Vail Resorts Incorporated, Analogic Corporation, AutoZone Incorporated
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Firms 'moats' give them edge over competition
In the Middle Ages moats were deep water-filled trenches that encircled castles to protect kings. The wider, the better. In 2007 moats are the competitive advantages that protect dominant companies and their shareholders. The wider, the better. The...Tags: Oracle Corp., Carnival Corporation, Casino and Gambling Industry, Harrah's Entertainment Incorporated, New York
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Dressing up vinaigrette
Sun reporterLike a ripe tomato, still warm from the vine, and white corn, so crunchy-sweet it hardly needs cooking, a vinaigrette is an essential building block for the perfect summer meal. Vinegar and oil, combined despite their best efforts to remain apart and...Tags: Dining and Drinking, Newspaper and Magazine, Books and Magazines, Peter Gordon, Magazines
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Top Maryland employers
SunSpot StaffFrom agriculture and manufacturing to military contracting and natural gas production, Maryland's economy is diverse. And it is this broad spectrum of enterprising activity -- which also encompasses the offices of 21 federal government agencies in...Tags: M&T Bank Corporation, Mercantile Bankshares Corporation, Landover, Wal-Mart Stores Inc., Academic Progress
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One spicy stock
SunSpot StaffSparks-based McCormick & Co. Inc. is the world's No. 1 spicemaker, employing 8,400 worldwide, including 2,000 in Maryland. Robert J. Lawless, the firm's chairman, president and CEO, recently discussed its strong financial performance and its plans for the...Tags: Maryland, Sales, Consumers, Stock Market, Mergers, Acquisitions and Takeovers
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What corporate certification means
SunSpot StaffBy 5 p.m. today, 695 of the nation's largest companies must certify to the U.S. Securities and Exchange Commission in Washington that the results of their companies' finances are true. The rule affects nine companies based in the Baltimore region --...Tags: Securities, Magellan Health Services Incorporated, Allegheny Energy Inc., Corporate Officers, Legg Mason, Inc.
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