NEW YORK-- Procter& Gamble shares approached their all-time high on Friday after the world's largest consumer goods maker said current CEO Bob McDonald is retiring and his predecessor A.G. Lafley was taking back the top spot.» Read More
NEW YORK-- Procter& Gamble shares approached their all-time high on Friday after the world's largest consumer goods maker said current CEO Bob McDonald is retiring and his predecessor A.G. Lafley was taking back the top spot.
May 24- Procter& Gamble Co said on Friday the surprise return of A.G. Lafley as chairman and chief executive was not an indication of any bigger problems at the world's largest consumer products maker. Shares of P&G were up nearly 4 percent at $81.81 on Friday after rising as high as $82.35.
NEW YORK, May 24- U.S. stocks were set to open lower on Friday, setting up Wall Street for its first weekly decline since mid April, amid concern the U.S. central bank may scale back its support to the economy.
May 24- Procter& Gamble Co said on Friday the surprise return of A.G. Lafley as chairman and chief executive was not an indication of any bigger problems at the world's largest consumer products maker.
NEW YORK-- Procter& Gamble's surprise decision to bring back former CEO A.G. Lafley as its leader could be a positive for the world's largest consumer products maker as the company faces major challenges, analysts say.
NEW YORK, May 24- U.S. stock index futures fell on Friday, setting up Wall Street for its first weekly decline since mid April, amid concern the central bank may scale back its support to the economy.
May 23- Procter& Gamble Co on Thursday brought back A.G. Lafley to run the world's largest household products maker, replacing Bob McDonald in the roles of chairman, president and chief executive officer effective immediately. Its fiscal year ends on June 30. McDonald, 59, is set to retire on June 30, after 33 years at P&G.
SAN FRANCISCO-- Williams-Sonoma Inc. blew past market expectations for its fiscal first quarter as shoppers stepped up spending on housewares and furnishings both online and in stores.
*Sony cuts 2014-15 camera sales fcast to 1.3 trln yen from 1.5 trln. Third Point's "proposal is one that affects a core part of Sony's business and the direction of our management, so the Sony board will give it thorough consideration before replying to Mr.
TOKYO, May 22- Japan's Sony Corp lowered its sales target for digital cameras to 1.3 trillion yen for the fiscal year to end-March 2015, from a previous estimate of 1.5 trillion yen. Sony also cut its sales target for smartphones and tablets to 1.5 trillion yen in its 2014 fiscal year from an earlier outlook of 1.8 trillion yen.
May 21- Gap Inc's chairman and CEO said on Tuesday the U.S. retailer was ready to sign a global accord designed to prevent another deadly disaster in Bangladesh's garment industry, provided there were some "very minor accommodations."
May 21- Tobacco company Philip Morris International Inc said it would buy out its Mexican joint venture partner controlled by billionaire Carlos Slim, for about $700 million.
Wal-Mart Stores's quarterly profit just missed Wall Street expectations on Thursday, with sales down 1.4 percent at its Walmart U.S. stores open at least a year.
WILLIAMSBURG, Va.-- Changes in the marketplace have forced the public health community to wrestle with the idea that some tobacco products may pose less of a health risk than others, the new head of the Food and Drug Administration's tobacco control efforts told an industry group on Thursday.
More Americans say they are less frugal than they were a few years ago. Time to release that pent-up desire to eat out, a survey suggests.
MOSCOW, May 15- MegaFon has overtaken its main competitor in Russia's cut-throat mobile phone market, posting bumper earnings on Wednesday to help crown it leader by market value and put its other rival in the shade.
ORLANDO, Fla., May 14- BlackBerry announced plans on Tuesday to offer its popular instant messaging system on rival devices and introduced a new mid-tier smartphone targeted at countries where its faded brand remains strong.
BlackBerry, renamed from Research In Motion, had been the market leader but over the past few years has bled market share to Apple Inc's iPhone and Samsung Electronics Co's popular line of Galaxy devices powered by Google's Android operating system.
ORLANDO, Fla., May 14- BlackBerry unveiled a new mid-tier smartphone device with a physical keyboard on Tuesday, the feature that still sets it apart from most rivals, and said its make-or-break new devices had put the company back on "solid ground."
NEW YORK-- Clorox is raising its quarterly dividend 11 percent to 71 cents per share from 64 cents per share. The consumer products maker, whose products include its namesake bleach and Glad bags, said Tuesday that the dividend will be paid on Aug. 9 to shareholders of record on July 24.