Avery Dennison Corp. closed at the highest price since July 2011 after reporting quarterly profit that beat analysts’ estimates and agreeing to a deal for its office products unit that 3M Co. scrapped a bid for in October.
Avery Dennison Corp. agreed to sell two units to CCL Industries Inc., a maker of specialty packaging, for $500 million in cash after 3M Co. walked away from an offer for its office products division in October.
Maisto International Inc.’s model Predator drones are selling out on Amazon.com Inc.’s website as parody reviews highlight how the toys can help children hone killing skills, mocking a controversial U.S. practice.
U.S. stocks fell, dragging benchmark indexes from five-year highs, as the Federal Reserve said it will maintain its program to buy securities after the economy unexpectedly shrank in the fourth quarter.
Avery Dennison Corp. , the maker of labels for blue jeans and beer bottles, will be ready to boost its dividend this year after slicing it in half in 2009 to pay down debt, Chief Executive Officer Dean Scarborough said.