Procter & Gamble Co
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With the departure of Procter & Gamble's CEO, Bill Ackman has collected another big-game trophy. But how is his hedge fund doing overall? Let's check the scorecard.
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With the departure of Procter & Gamble's CEO, Bill Ackman has collected another big-game trophy. But how is his hedge fund doing overall? Let's check the scorecard.
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Colgate-Palmolive Co. rose$. 20 or. 3 percent, to $61.17. Kimberly-Clark Corp. rose$. 97 or. 9 percent, to $103.51. Procter& Gamble Co. rose $3.18 or 4.0 percent, to $81.88.
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Procter & Gamble has appointed A.G. Lafley as its CEO, with the "Fast Money" traders; and Wolfgang's just opened a location in Miami and is looking to build in emerging markets, with Peter Zweiner of Wolfgang's.
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NEW YORK, May 24- The S&P 500 declined for a third day on Friday, with the three major U.S. stock indexes posting their first negative week since mid-April on lingering concern that the U.S. central bank may scale back its stimulus measures to support the economy.
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Procter & Gamble's stock price soared 79 percent when A.G. Lafley was CEO before, reports CNBC's Jackie DeAngelis. Bob Damon, Korn/Ferry International, and Fred Hassan, Warburg Pincus, discuss what bringing Lafley back says about the overall executive talent pool.
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Stocks closed lower for a third session, as markets remain worried the Federal Reserve may start withdrawing stimulus by curtailing bond purchases later this year.
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Hedge fund bigwig Paul Tudor Jones trades in some offensive banter; the Fed taper caper continues to obsess the markets; P&G shelves its much-criticized CEO.
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NEW YORK, May 24- U.S. stocks mostly declined for a third day on Friday, putting indexes on track for their first negative week since mid-April, on lingering concern that the U.S. central bank may scale back its stimulus measures to support the economy. The Dow edged into positive territory by late afternoon trading, buoyed by a 4 percent gain in Procter& Gamble.
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NEW YORK, May 24- U.S. stock indexes pared most of their earlier declines on Friday and the Dow pushed into positive territory, helped by a strong gain in shares of Procter& Gamble. The Dow Jones industrial average edged up 4.42 points, or 0.03 percent, at 15,298.92. The Nasdaq Composite Index slipped 3.00 points, or 0.09 percent, to 3,456.42.
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NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Advanced Micro Devices Inc. rose. 1 percent to $4.01 with 12,944,700 shares traded. Bank of America Corp. fell. 4 percent to $13.16 with 52,114,000 shares traded.
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Colgate-Palmolive Co. rose$. 15 or. 2 percent, to $61.12. Kimberly-Clark Corp. rose$. 62 or. 6 percent, to $103.16. Procter& Gamble Co. rose $3.13 or 4.0 percent, to $81.83.
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NEW YORK, May 24- U.S. stocks fell for a third day on Friday, putting indexes on track for their first negative week since mid-April, on lingering concern the U.S. central bank may scale back its stimulus measures to support the economy.
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Bob McDonald's resignation from Procter & Gamble was not a shock to many analysts, reports CNBC's Jackie DeAngelis. Jim Stengel, former global marketing officer for Procter & Gamble, discusses former CEO A.G. Lafley's return to the company.
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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.
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NEW YORK, May 24- U.S. stocks fell for a third day on Friday, putting indexes on track for their first negative week since mid-April, on lingering concern the U.S. central bank may scale back its support to the economy.
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Outgoing Procter and Gamble CEO Bob McDonald told employees he will retire due to the "distraction" of all the attention focused on him from "several angles."
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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 $82.35.
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Colgate-Palmolive Co. fell$. 29 or. 5 percent, to $60.68. Kimberly-Clark Corp. fell$. 18 or. 2 percent, to $102.36. Procter& Gamble Co. rose $3.13 or 4.0 percent, to $81.83.
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*Durable goods orders rise more than expected. NEW YORK, May 24- U.S. stocks fell for a third day on Friday amid lingering concern the U.S. central bank may scale back its support to the economy.
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A.G. Lafley's return as boss at P&G will be beneficial to the company because he "knows where the bodies are buried," management expert Jeffrey Sonnenfeld tells CNBC.