Roto-Rooter parent Chemed Corp. posted a lower
quarterly profit as recessionary pressures hurt its plumbing business, but the
company raised its 2008 earnings outlook on strong growth expectations in its
Vitas hospice segment.
GROHE, a provider of premium-quality kitchen and
bathroom faucets and shower products, has named Jeffrey C. Ackerberg president
and chief executive officer for GROHE America, a subsidiary of GROHE Water
Technology AG & Co.