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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*Profit of 35 cents per share tops analysts' 32- cent estimate. *Sales of $1.24 billion miss analysts' $1.32 billion target. NEW YORK, May 3- Newell Rubbermaid Inc announced plans on Friday to sell its hardware and teaching aids businesses, as the maker of Sharpie pens and Rubbermaid storage containers tries to narrow its focus and become more profitable.
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There's a lot of fear about Friday's jobs report. Bears are already saying this could be the report that finally forces the markets to take a breather.
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FRANKFURT, May 2- Thousands of German metal and electrical workers went on strike on Thursday to press employers to raise their pay offer and engineering union IG Metall said there would be more industrial action on Friday. Germany's biggest industrial union is calling for wage hikes of up to 5.5 percent for some 3.7 million workers from May.
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Disappointing economic data hurt stocks early, with losses accelerating in the final hour of trade.
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European Council President Herman Van Rompuy said on Wednesday that the European Union supported efforts by new Italian prime minister Enrico Letta to grow Italy's economy, but public finances must be kept in order.
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NEW YORK, May 1- Private equity firm Sun Capital Partners plans to merge five of its plastic packaging portfolio companies to form what it says will be the sixth-largest plastic packaging company in the world. The combined revenue of all the companies was around $2.5 billion in 2012, Exopack said.
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NEW YORK, May 1- Private equity firm Sun Capital Partners plans to merge five of its plastic packaging portfolio companies to form what it says will be the sixth-largest plastic packaging company in the world. will be created by merging its Exopack, Kobusch, Britton, Paragon and Paccar businesses, the company said in a filing with U.S. regulators on Wednesday.
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The S&P 500 the index has never increased as much in a year as it has in 2013 without a three day pullback, and CNBC's Jim Cramer sees that as proof that this bull market is real.
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MUMBAI/ LONDON, April 30- Unilever plans to pay up to $5.4 billion to raise its stake in its Indian subsidiary, making its biggest deal in 13 years a huge bet on the strength of demand for personal care and food products in Asia's third-largest economy.
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By Nandita Bose and Kate Holton. MUMBAI/ LONDON, April 30- Unilever plans to pay up to $5.4 billion to raise its stake in its Indian subsidiary, making its biggest deal in 13 years a huge bet on the strength of demand for personal care and food products in Asia's third-largest economy.
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After so many stunning earnings disappointments, why is the S&P 500 again making a new all time high?
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A pullback would be healthy for the stock market — and may be overdue, Josh Brown says.
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In 2013, the NFL was the most popular—and profitable—league in the US. It's managed to turn a six-month season into a 12-month business.
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Gary Bradshaw, Senior Vice President & Portfolio Manager at Hodges Capital Management, remains bullish on Procter & Gamble despite mixed earnings, saying the company continues to gain market share in over 50% of their products.
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It settled up $2.25 at $91.43 on Wednesday after U.S. Energy Information Administration showed that inventories at Cushing rose by only 35,000 barrels last week, below levels some market players had expected.
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Will defensive sectors take another hit on Thursday? Traders will be watching the market. Plus, a big day for earnings, with reports from Exxon, UPS, 3M, Amazon and more.
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Pockets of weakness in the market have captured Cramer's attention. Is the selling really warranted?
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The Dow snapped a three-day rally Wednesday, while the S&P 500 and Nasdaq finished nearly flat in lackluster trading, as investors digested a batch of corporate earnings against a disappointing durable goods orders report.
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*Boeing at more than 5- yr high after earnings. NEW YORK, April 24- The S&P 500 and Nasdaq ended flat on Wednesday with Boeing's five-year high among the day's highlights, but weakness in Procter& Gamble and AT&T kept the Dow in negative territory.
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NEW YORK, April 24- U.S. stocks ended mostly flat on Wednesday as Boeing scaled a five-year high, but weakness in Procter& Gamble kept the Dow in negative territory. Based on the latest available data, the Dow Jones industrial average slipped 43.16 points, or 0.29 percent, to end unofficially at 14,676.30.