Newell Rubbermaid reaches resolution with NHTSA Newell Rubbermaid announced that the company has agreed to conduct a recall of harness buckles used on certain infant car seats made between July 2010 and May 2013. This voluntary recall reflects the satisfactory resolution of the company's ongoing safety discussions with the National Highway Traffic Safety Administration, or NHTSA. The estimated costs of the recall were accrued in the company's previously announced first quarter results and any further impact on net sales is expected to be immaterial.
Newell Rubbermaid downgraded to Perform from Outperform at Oppenheimer Oppenheimer downgraded Newell Rubbermaid based on valuation and its belief that the company's ability to beat EPS expectations is limited. Target to $40 from $38.