Procter & Gamble brings back A.G. Lafley as CEO
Associated Press |
posted 6 minutes ago
Procter & Gamble is bringing back former CEO A.G. Lafley to its top post in a surprise move as the world's largest consumer goods maker tries to grow globally.
Gap back in style as 1Q profit jumps 43 percent
Anne D'innocenzio, Associated Press |
posted 33 minutes ago
After years of struggle, Gap is back in style.
Kennecott issues another round of layoffs
Dennis Romboy |
posted 36 minutes ago
Kennecott Utah Copper laid off an unspecified number of employees Thursday as a result of a massive landslide that crippled the mine last month.
Money market fund assets rose to $2.601 trillion
The Associated Press |
posted 43 minutes ago
Total U.S. money market mutual fund assets rose $19.53 billion to $2.601 trillion for the week that ended Wednesday, according to the Investment Company Institute.
Campbell buying Plum Organics baby food maker
Candice Choi, Associated Press |
posted 46 minutes ago
Campbell Soup said it's buying Plum Organics, which makes food for babies and kids, for an undisclosed amount as it looks to move into faster-growing categories.
Ralph Lauren's 4Q profit rises 35 pct
Anne D'innocenzio, Associated Press |
posted May 23rd - 4:11pm
Ralph Lauren Corp. reported a 35 percent increase in fourth-quarter profit as the luxury retailer benefited from lower cotton prices and cost controls.
Marathon Oil says talks end on possible stake sale
Associated Press |
posted May 23rd - 4:08pm
Marathon Oil said Thursday that talks on a potential sale of part of its stake in the Athabasca Oil Sands Project in Canada have ended.
McDonald's can't shake criticism about nutrition
Candice Choi, Associated Press |
posted May 23rd - 3:57pm
McDonald's once again faced criticism that it's a purveyor of junk food that markets to children at its annual shareholder meeting Thursday _ including some sharp remarks from a 9-year-old girl.
Summary Box: Stocks recover from an early swoon
The Associated Press |
posted May 23rd - 3:52pm
UPS AND DOWNS: Stocks plunged at the opening of trading but recovered by midday. A rout overseas and in the early going on Wall Street was set off by a slowdown in China and worries that the Federal Reserve might slow down its bond purchases. By the afternoon the U.S. market had recouped nearly all of its loss.
Wheat gains on overseas demand
The Associated Press |
posted May 23rd - 3:47pm
The price of wheat rose by the most in two weeks Thursday after the U.S. government reported strong demand for the grain from overseas buyers.
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