International Business News - ZZ http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Mattress-maker Sealy Corp. said Monday it made several changes its credit agreement to make it more flexible and increase capacity. "The successful amendment of our credit agreement to increase the capacity under our financial covenants is a positive step that provides Sealy with greater financial flexibility," Larry Rogers, Sealy's president and chief executive, said in a statement. http://www.ibtimes.com/articles/20081117/sealy-makes-changes-to-credit-agreement.htm Mon, 17 Nov 2008 07:45:20 EST Melissa McClintock and her husband have been shopping for a living room rug, mirrors, accent chairs and a sofa to put in the 1960s ranch home they're expanding with a new bathroom, bedroom and windows. But after her husband was laid off a few months ago, the couple got a lot more choosy. http://www.ibtimes.com/articles/20081019/furniture-trade-fair-opens-under-economic-cloud.htm Sun, 19 Oct 2008 14:04:51 EDT Standard & Poor's Ratings Services on Friday said it placed its ratings on bedding maker Sealy Corp., including its "BB-" corporate credit rating, on creditwatch with negative implications. http://www.ibtimes.com/articles/20081010/s-p-puts-sealy-ratings-on-creditwatch-negative.htm Fri, 10 Oct 2008 18:17:50 EDT Among the earnings stories for Tuesday, Oct. 7, from AP Financial News: PITTSBURGH (AP)--Alcoa Inc., one of the world's largest aluminum producers, on Tuesday reported a 52-percent drop in third quarter profits and said it would conserve cash by suspending its stock buyback program and all non-critical capital projects. http://www.ibtimes.com/articles/20081007/earnings-roundup-alcoa-yum-brands.htm Tue, 07 Oct 2008 19:51:57 EDT Bed maker Sealy Corp. said Tuesday its third-quarter profit dropped 49 percent as fewer shoppers made big ticket purchases, amid the ongoing economic slowdown. http://www.ibtimes.com/articles/20081007/sealy-profit-skids-nearly-50-percent-beats-street.htm Tue, 07 Oct 2008 16:53:24 EDT Sales of mattresses are growing weaker and sellers expect that to last at least through the end of the year, an analyst with Longbow Research said Tuesday. http://www.ibtimes.com/articles/20080819/sales-of-bedding-grow-weaker-analyst-says.htm Tue, 19 Aug 2008 11:59:12 EDT Among the premarket stories for Tuesday, Aug. 19, from AP Financial News: NEW YORK (AP)--Shares of General Dynamics Corp. rose Tuesday in premarket trading after the military contractor said it will buy Jet Aviation for about $2.25 billion, expanding its corporate jet business. http://www.ibtimes.com/articles/20080819/premarket-roundup-general-dynamics-sealy.htm Tue, 19 Aug 2008 09:18:59 EDT A PiperJaffray analyst on Tuesday lowered his 2008 profit estimate for mattress maker Sealy Corp., and said sales in the U.S. are not likely to improve this year. http://www.ibtimes.com/articles/20080819/ahead-of-the-bell-analyst-lowers-sealy-targets.htm Tue, 19 Aug 2008 09:04:33 EDT Sealy Corp. said Tuesday it appointed Lawrence Rogers as the company's new president and chief executive officer. Rogers served as interim CEO since March after David McIlquham resigned. http://www.ibtimes.com/articles/20080722/sealy-names-rogers-as-president-chief-executive.htm Tue, 22 Jul 2008 17:44:15 EDT Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080709/alcoa-sealy-cisco-mbia-among-big-movers.htm Wed, 09 Jul 2008 17:16:34 EDT Shares of mattress maker Sealy Corp. dropped Wednesday after the company recorded a 26 percent drop in second-quarter profit as domestic sales volumes declined and material costs increased. http://www.ibtimes.com/articles/20080709/out-of-the-gate-sealy-slips-to-set-low.htm Wed, 09 Jul 2008 10:24:51 EDT Alcoa Inc. posted a nearly 24 percent drop in quarterly profit because of rising raw material costs, results which are likely to move shares of the aluminum producer on Wednesday. http://www.ibtimes.com/articles/20080709/on-the-watch-aa-zz-arrs.htm Wed, 09 Jul 2008 06:12:03 EDT Mattress maker Sealy Corp. said Tuesday its second-quarter earnings dropped 26 percent as domestic sales volumes declined and material costs surged. Earnings for the quarter ended June 1 fell to $12 million, or 13 cents per share, from $16.1 million, or 17 cents per share, in the same quarter a year ago. Sealy noted that a change in its estimates for some product return reserves added 5 cents per share to the latest quarter's results. http://www.ibtimes.com/articles/20080708/sealy-2q-earnings-drop-as-domestic-sales-fall.htm Tue, 08 Jul 2008 17:58:56 EDT Sealy Corp. reports second-quarter results on Tuesday, and mattress makers have been suffering as consumers are delaying big-ticket purchases. Sealy is expected to report a sharp drop in second-quarter profit. http://www.ibtimes.com/articles/20080707/sealy-to-report-2nd-quarter-results-on-tuesday.htm Mon, 07 Jul 2008 18:02:31 EDT Mattresses have not traditionally been considered a discretionary item--after all, almost everyone needs at least one. However, as consumers cut back on discretionary spending amid spiraling food and gas prices, a prolonged housing slump and weak credit markets, specialty mattress makers have been hit hard. http://www.ibtimes.com/articles/20080630/market-spotlight-specialty-mattresses.htm Mon, 30 Jun 2008 13:04:21 EDT Among the stock activity stories for Thursday, June 19, from AP Financial News: NEW YORK (AP)--Shares of Halliburton Co. shot to a new all-time high Thursday after Goldman Sachs raised its rating on the oilfield service sector. http://www.ibtimes.com/articles/20080619/movers-roundup-halliburton-landstar-system.htm Thu, 19 Jun 2008 17:36:39 EDT Shares of Sealy Corp. rose on Thursday, as the mattress maker unveiled a new line of latex mattresses. Called Sealy Posturepedic PurEmbrace, the mattress is designed to conform to the body. http://www.ibtimes.com/articles/20080619/sealy-shares-rise-on-new-line-of-mattresses.htm Thu, 19 Jun 2008 15:34:30 EDT