Black & Decker Corp. reported that net income in 2Q 2008 fell 18.1% to US$96.7 million, or $1.58 a diluted share, from $118 million, or $1.75 per share, a year earlier. The manufacturer cut its full-year profit forecast, warning it is starting to see a slowdown in demand from Western Europe and noting that materials costs are rising faster than expected.
