Newell Rubbermaid (NWL +13.2%) shares soar despite posting a Q3 loss, mostly due to a writedown...

|About: Newell Brands Inc. (NWL)|By:, SA News Editor

Newell Rubbermaid (NWL +13.2%) shares soar despite posting a Q3 loss, mostly due to a writedown on the value of its baby and parenting and hardware businesses. Investors like the company's announced restructuring plan aimed at boosting profits and strengthening brands, with anticipated cuts of $90M-$100M in costs by the end of 2012.