Ecolab Inc. (NYSE:ECL) reported that it has agreed to purchase the assets of O.R. Solutions, Inc., a privately-held company based in Chantilly, VA.
O.R. Solutions is a leading developer and marketer of surgical fluid warming and cooling systems in the United States. O.R. Solutions’ systems are designed to enhance patient safety and improve surgical outcomes by maintaining the proper temperature of fluids used during surgery; each procedure requires custom fit sterile draping.
Numerous studies have shown that using warm fluids during surgery is effective in helping prevent infections. Cooling systems are used to maintain tissue health during cardiac procedures and transplants.
Eastman Kodak Company (NYSE:EK) reported that Laura G. Quatela has been named the company’s General Counsel, effective Jan. 1, 2011, reporting to Chairman and Chief Executive Officer Antonio M. Perez.
Quatela, 53, is presently Kodak’s Chief Intellectual Property Officer, a member of the company’s Executive Council, and a corporate vice president. She will retain those responsibilities in tandem with her new duties leading the company’s Legal organization.
Dillard's, Inc. (NYSE:DDS) reported operating results for the 13 weeks ended October 30, 2010.
- Pretax income of $21.5 million compared to a prior year pretax loss of $2.8 million.
- Improved gross margin from retail operations of 150 basis points of sales compared to the prior year third quarter with a comparable store inventory decline of 2%.
- Repurchase of approximately $71.3 million (2.9 million shares) of Class A Common Stock under the Company’s $250 million share repurchase program.
- Cash flow from operations of $158.9 million for the nine months ended October 30, 2010 with an ending cash position of $167.1 million and no short term borrowings outstanding under the Company’s $1.0 billion revolving credit facility.
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