Stocks tumbled Tuesday, falling for a second session in a row on continued worries that the pace of the recession is not waning as much as has been hoped.
The Great Recession won't last forever, but no matter what comes next, business as usual is clearly over.
The May jobs report, which showed the lowest level of cuts since September, sent stocks slightly higher Friday on more hopes that the economy may soon be on the upswing.
When Procter & Gamble global business units president Susan Arnold announced in March that she was leaving P&G, the question resurfaced: Who else could possibly replace A.G. Lafley, the company's longtime CEO?
Procter & Gamble started out 2008 with a bang: It sold off its Folgers brand, put through price increases and moved more aggressively into upscale beauty treatments when it bought hair-care brand Frederic Fekkai. <P>But as the economy ran out of steam, so did P&G. After a profitable fiscal year that ended in June, the company cut estimates as quarterly sales dropped. P&G is now heavily promoting value, but CEO A.G. Lafley says he's holding the fort on those price hikes. Will they stick? - <I>J.R.</I>
The world's most admired companies? In this environment isn't that sort of like the World's Most Trusted Con Men? World's Nicest Pit Bulls? Most Beautiful Slag Heaps? Isn't it just one giant contradiction?
Stocks gave up early gains Friday, turning negative as investors considered a report showing the economy's biggest quarterly decline in 26 years and a slew of weak earnings reports.
"The Dark Knight" took home top honors at the People's Choice Awards Wednesday night, walking away with five awards.
Postmenopausal women who have lost interest in sex may be able to bring their libidos back to life with a testosterone patch, according to new research published this week in The New England Journal of Medicine.
Stocks slipped Wednesday morning as investors retreated following the previous session's massive rally and geared up for an expected rate cut from the Federal Reserve.
Stocks tumbled Tuesday, falling for a second session in a row on continued worries that the pace of the recession is not waning as much as has been hoped.
The Great Recession won't last forever, but no matter what comes next, business as usual is clearly over.
The May jobs report, which showed the lowest level of cuts since September, sent stocks slightly higher Friday on more hopes that the economy may soon be on the upswing.
When Procter & Gamble global business units president Susan Arnold announced in March that she was leaving P&G, the question resurfaced: Who else could possibly replace A.G. Lafley, the company's longtime CEO?
Procter & Gamble started out 2008 with a bang: It sold off its Folgers brand, put through price increases and moved more aggressively into upscale beauty treatments when it bought hair-care brand Frederic Fekkai. <P>But as the economy ran out of steam, so did P&G. After a profitable fiscal year that ended in June, the company cut estimates as quarterly sales dropped. P&G is now heavily promoting value, but CEO A.G. Lafley says he's holding the fort on those price hikes. Will they stick? - <I>J.R.</I>
The world's most admired companies? In this environment isn't that sort of like the World's Most Trusted Con Men? World's Nicest Pit Bulls? Most Beautiful Slag Heaps? Isn't it just one giant contradiction?
Stocks gave up early gains Friday, turning negative as investors considered a report showing the economy's biggest quarterly decline in 26 years and a slew of weak earnings reports.
"The Dark Knight" took home top honors at the People's Choice Awards Wednesday night, walking away with five awards.
Postmenopausal women who have lost interest in sex may be able to bring their libidos back to life with a testosterone patch, according to new research published this week in The New England Journal of Medicine.
Stocks slipped Wednesday morning as investors retreated following the previous session's massive rally and geared up for an expected rate cut from the Federal Reserve.
It is mid-1978, and we are inside the giant Procter & Gamble headquarters in Cincinnati, looking into a cubicle shared by a pair of 22-year-old men, fresh out of college. Their assignment is to sell Duncan Hines brownie mix, but they spend a lot of their time just rewriting memos. They are clearly smart - one has just graduated from Harvard, the other from Dartmouth - but that doesn't distinguish them from a slew of other new hires at P&G.
David Michaels sports a bona fide mane, sculpted and flowing, like a modern-day Bee Gee. Around his neck hangs his lucky red rep tie from Saks. In his hand: a comb with a built-in laser, meant to foster follicle growth.
In the vast world of marketing and advertising, James Stengel just may be the king. He is Procter & Gamble's global marketing officer, and thus commands the world's largest ad budget - about $6.7 billion. It's an enviable position, but uneasy lies the head that wears an ad king's crown.
Jams and jellies maker J.M. Smucker made a $2.95 billion bid for more of the breakfast table Wednesday, announcing all-stock deal for Folgers coffee.
U.S. stocks were set to open lower Wednesday and oil prices were down as investors focused on the services sector.
In a volatile market such as this, where can investors turn for some security and stability? I'll let George Thorogood give you the answer: One bourbon. One scotch. One beer.
Stocks ended lower Wednesday, erasing earlier gains, as investors took a 'sell the news' reaction after the Federal Reserve cut a key short-term interest rate, as expected, and signaled it may not cut rates again anytime soon.
Stocks rallied Wednesday afternoon, with the Dow briefly crossing 13,000 after the Federal Reserve cut a key short-term interest rate by a quarter-percentage point, as expected, and signaled it may soon pause its rate-cutting campaign.
Stocks futures were range bound early Wednesday as investors awaited a rate decision from the Federal Reserve and more corporate earnings.
In this adaptation from their forthcoming book, The Game-Changer, A.G. Lafley and management consultant Ram Charan describe the principles of innovation and give a grass-roots example of how listening to the bosses in this instance, Mexican housewives - can pay off.
It's an impressive hat trick: Apple not only takes the No. 1 slot on this year's list of America's Most Admired Companies but also tops the global survey - and wins the highest marks for innovation too. That's probably no coincidence. In an industry that changes every nanosecond, the 32-year-old company has time and again innovated its way out of the doldrums. Rivals always seem to be playing catch-up.
Happy economic times are all alike; unhappy times are unhappy in their own way.
Estee Lauder Cos. Chief Executive William Lauder, grandson of the company founder, plans to step down within two years and will be replaced by a 23-year Procter & Gamble Co. executive, according to a report on The Wall Street Journal's Web site late Thursday.
Destruction of Indonesia's peatlands to make way for the production of palm oil is leading to a significant increase in greenhouse gas emissions, a problem that will get worse as demand for biofuel grows, Greenpeace reported Thursday.
The Dow slipped and the broader market ended mixed Tuesday, after a choppy session in which investors mulled weaker economic news and lower oil prices ahead of an expected interest rate cut from the Federal Reserve Wednesday.
Stocks struggled for direction late in a choppy session Tuesday as investors held back ahead of an expected interest rate cut from the Federal Reserve Wednesday.
Stocks were mixed Tuesday afternoon, with techs higher and blue chips lower as investors showed caution ahead of an expected interest rate cut from the Federal Reserve Wednesday.
There was a time when economists predicted that $60-a-barrel oil would cause a recession. Then they said $70 oil would. Then $80.
Stocks slipped Tuesday morning as investors stepped back ahead of an expected quarter-percentage point interest rate cut from the Federal Reserve Wednesday.
U.S. stocks eased at the start of trading Tuesday as investors watched the Federal Reserve policy meeting for signs that a rate cut could be coming.
U.S. stocks looked set for a lackluster start Tuesday as investors grew uneasy ahead of the Federal Reserve's highly-anticipated policy statement.
Early on in the search for a vice president of sales, Ted Murphy, CEO of PayPerPost, knew that Randy Mountz was the one. Mountz, who was then heading Midwestern sales for MySpace and had previously worked for America Online, had the new-media chops to help lead PayPerPost (payperpost.com) to faster growth. The Orlando-based company arranges online product placements, matching advertisers with bloggers who are paid to mention their wares - a somewhat controversial but fast-growing form of viral marketing. Murphy felt that Mountz, who had called on McDonald's and Procter & Gamble for AOL, could get key advertisers to try PayPerPost.
A significant proportion of lipstick manufactured in the United States and used by millions of American women contains surprisingly high levels of lead, the Campaign for Safe Cosmetics said Thursday.
Procter & Gamble, the maker of Folgers coffee, has filed a patent suit against Kraft Foods, alleging that the design of a new Maxwell House container infringes on its patents, it said Monday.
Procter & Gamble Co. posted a better-than-expected 19 percent rise in quarterly profit Friday, helped by cost controls, and announced an acceleration of its share repurchase plans.
U.S. stocks pushed into negative territory at Friday's open after an employment report that was weaker than expected.
Getting back on the bull will be no easy task next week, particularly after the meltdown stock investors endured over the past two days.
Colgate-Palmolive Co. posted a better-than-expected rise in quarterly profit Wednesday, driven by improvements from its ongoing restructuring plan and strong sales growth.
The Greenbrier resort in Sulphur Springs, West Virginia, with three golf courses and a spa the size of a football stadium, is a long way from China's factory floors. But in early June, the 229-year-old Georgian-style estate hosted a retreat for dozens of CEOs and other executives from U.S. consumer product companies. And Chinese manufacturing was on their minds.
JIM DOWN'S 85-YEAR-OLD MOTHER wasn't happy for him when he retired. In fact, she cried. The former vice chairman of Mercer Management Consulting was only 50 when he stepped down in 2002—far too young, as far as Mom was concerned, to cross the finish line. Jim's father, a Travelers insurance manager, retired at age 70 and had never been happy with all the free time on his hands. "To her, retirement is the end of the road," says Down. "I had to convince her it was a new beginning."
Auctions in which the highest bid loses may seem like the product of a deranged mind. But for Burlingame, Calif., startup Limbo, it's a brand-new business model - and a marketing tool for major com...
According to market research firm Informa Telecoms & Media, companies will spend more than $11 billion by 2011 to advertise on mobile phones.
Doreen Toben, CFO of Verizon, ranks No. 36 on Fortune's 2006 list of 50 Most Powerful Women.
Susan Ivey, Chairman and CEO of R.J. Reynolds Tobacco, ranks No. 20 on Fortune's 2006 list of 50 Most Powerful Women.
Abigail Johnson, President, Fidelity Employer Services of Fidelity, ranks No. 18 on Fortune's 2006 list of 50 Most Powerful Women.
Kimberly-Clark ranks no. 425 on FORTUNE's Global 500 this year, with $15.9 billion in revenues, up 3.3% from the previous year. The Irving, Texas-based company was ranked no. 394 on the 2005 list. Its 2005 profits were $1.6 billion, down 12.9% from a year earlier. 2005 was a banner year for most Global 500 companies.
Procter & Gamble ranks no. 81 on FORTUNE's Global 500 this year, with $56.7 billion in revenues, up 10.4% from the previous year. The Cincinnati, Ohio-based company was ranked no. 77 on the 2005 list. Its 2005 profits were $7.3 billion, up 12% from a year earlier. 2005 was a banner year for most Global 500 companies.
THOUGH IT'S THEIR FIRST CHANCE TO MAKE A good impression, for many companies package design has often been an afterthought. Designers were called in at the last minute, and cost was the deciding fa...
The Manhattan block that houses the Art of Shaving's flagship store is a preppy paradise.
[HIT] Score one for the little guy. It was a moment execs at TiVo wanted to pause, rewind, and savor: In April a Texas jury handed the company a $74 million judgment in its lawsuit against Dish Net...
TRENDSPOTTING IS SERIOUS BUSINESS. SO MUCH so that the Institute for the Future, a Palo Alto-based think tank, produces an annual 96-page 10-year forecast--an exhaustive compendium of societal and ...
THE MANHATTAN BLOCK THAT HOUSES THE ART of Shaving's flagship store is a preppy paradise. The main Brooks Brothers store is down the street, the Yale Club just around the corner. Inside the boutiqu...
(Business 2.0 Magazine) - Not even the most successful companies in the world are managed by the book. Great management formulas aren't handed down on stone tablets, or found in the writings or speeches of gurus and consultants. They emerge from years of experimentation, trial and error, regime change, reorganizations, crises, and employee suggestions.
Everybody knows that debt is a genuine crisis in the U.S. Consumer debt stands at $2.2 trillion, by far the highest ever, much of it on credit cards with staggering interest rates. The federal debt...
Tom Joyner is the most influential radio personality that most white folks have never heard. Reaching one in four African Americans, his show is becoming a must-buy for sponsors, some of whom suppo...
[HIT] The power of positive pricing. While U.S. automakers were busy sacrificing profit margins for sales volume in June and July with their employee discount programs, Honda stuck with its sticker...
Diversify, diversify, diversify...most investors have had this investing mantra drilled into their brains by now.
Operating globally involves more than reaching out to far-flung locales for needy customers, low-cost labor, and ready capital. The smartest companies are looking far afield for innovation as well....
Of the scores of social-networking websites born since Friendster's triumphal launch in 2002, name one that's in the black. Stumped? Insiders say that not only is privately held, Santa Monica-based...
Your company may be on top now, but someone somewhere is gunning for you. It's easy for yesterday's revolutionaries to become today's reactionaries, warns management guru Gary Hamel. "The wet cemen...
The stock market has made little headway since the year began. In fact, the Dow is up only 26 points from its 2004 close. The chief reason is that investors are uncertain about the economy.
The complete 2005 list
By the time A.G. Lafley became Procter & Gamble's CEO, the company had lost its magic. Once a paragon of marketing and brand building, the consumer-products behemoth didn't seem to have many fresh ...
So what's next? Before investing in a mutual fund, should you inspect it for termites? Every week seems to expose some new evidence of ethical dry rot in the fund industry--and every other week, so...
Since the Civil War, battlefield medics have used tourniquets and gauze to stop the bleeding caused by combat injuries. During the war in Iraq, medics were equipped with a new alternative: hemorrha...
Cheers to diversity! In addition to perennial stalwarts Andrea Jung and Oprah Winfrey (Nos. 3 and 7, respectively), five African-American and Asian women appear among the 13 newcomers and returnees...
1 Carly Fiorina Chairman and CEO Hewlett-Packard 2002 RANK 1 AGE 49 As head of a $72 billion company, Carly is undeniably the most powerful woman in business. But it isn't easy being queen. A year ...
Judging from the guests at Procter & Gamble's alumni gathering, the business world is run by Proctoids. GE's Jeff Immelt, 3M's Jim McNerney, and eBay's Meg Whitman were among 350 former P&G employe...
There are few places safer than the sidelines. Rarely do fans get body-slammed by 350-pound linebackers, cleated in the face by base runners, or hit in the skull by hockey pucks. It is the same wit...
What we said In our May 13, 2002, issue we reported that a large number of pregnant friends and colleagues had gotten us wondering what stocks might benefit from a supposed baby boomlet after the t...
You might think investors would punish companies that have decided to expense stock options. After all, most of corporate America has been battling for years to avoid such a fate, worried that acco...
Want to drop from most to least admired in your industry in just one year? Play with your numbers, mislead investors, and leave scads of employees broke. Hey, it worked for Enron.
Corporate marriage
In April 1999, Procter & Gamble Chairman John Pepper gave the key-note address at a meeting in Montreal of the Society of Competitive Intelligence Professionals, a trade association for, well, corp...
It's Monday, 11 A.M., and I'm in the boss' office thinking I'm finally going to get that long-awaited promotion. "I want to tell you that we think you have great potential," she says with a stern f...
Warren Glotzbach, a 49-year-old designer at Motorola, dreams of retiring in 10 years and building a second career as a rock-'n'-roll musician. To do that, the Delray Beach, Fla. dad needs at least ...
MARKET MEASURES % total return Level 3 months 1 year 3 years[1] S&P 500 1510.0 11.6 9.3 19.7 Nasdaq 4246.2 27.9 50.7 40.7 Russell 2000 542.6 20.0 19.1 11.6 Morgan Stanley EAFE2 1686.9 0.7 13.6 8.3 ...
No sooner had the economy started to slow than investors began to worry that it would slow too much, causing more and more companies to miss their earnings targets. Already a number of well-known c...
STOCKS America Online, Ann Taylor, Apple Computer, FreedomCard (private), Microsoft, Nokia, Procter & Gamble
EVER DO THE CORPORATE SHUFFLE? YOU'RE BOUND to soon: The number of workers changing jobs each year has grown 25% since 1990, with almost 14 million employees giving notice or being laid off in 1994...
What a run. By mid-May, the Dow Jones industrial average had swiftly ascended 16%. Buoyed by strong corporate earnings and falling bond yields, the Dow stampeded into record-setting territory, hitt...
COMPANY FILE
Over the past year, this column has forecast a bull market for both stocks and bonds, accompanied by a rebound for the dollar. Stock and bond prices have acted just as we predicted. But the dollar ...
For the past 12 months, investing has felt like one interminable visit to the dentist. If you're like most investors, every segment of your portfolio has been drilled. Sure, you followed the advice...
Call ConAgra, IBM, General Electric, Procter & Gamble, Motorola, PepsiCo and the rest of the top 25 Fortune 500 companies and request their policy on dating at the office, as we did a few weeks ago...
Hard to believe, but when Owen B. Butler, 64, retired as chairman of Procter & Gamble two years ago, he did not start an LBO fund. Instead he launched a crusade. Over the past six months Butler has...
Time was when a company that planned to repurchase a huge block of its own stock was almost surely a good investment. The announcement of a corporate buyback was taken as a signal of faith in the c...
The American educational system has been getting stomped on quite regularly. In both New York and Chicago, the local school systems have lately been accounted disasters. Eminent businessmen have be...
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