U.S. stocks moved higher Friday, capping a weekly gain, as upbeat corporate results outweighed a weaker-than-expected report on first-quarter economic growth.
When Procter & Gamble shut down some access to the Internet this week, it wasn't to keep employees from messing around on Facebook or crafting personal e-mails on company time.
Procter & Gamble announced plans Thursday to cut 5,700 positions globally by June of next year. In a presentation to the Consumer Analyst Group of New York, Procter & Gamble CEO Bob McDonald and CFO Jon Moeller said the cuts were part of a plan to save $10 billion in costs by 2016.
It's an all too familiar litany of hassles: You need to see a physician to take care of your aching hip -- and the next appointment is weeks away. Or you skip out to the doctor during a workday lunch -- and though you see the actual doctor for all of 10 minutes after the inevitable long wait, a third of your day is gone.
Former Goldman Sachs and Procter & Gamble director Rajat Gupta was indicted on insider trading charges Wednesday, U.S. prosecutors say.
Brace yourself for yet more stark economic news: babies may be suffering from more diaper rash in this down economy, reports Advertising Age, which is labeling "America's baby bottoms" as the "economy's latest casualty."
If you're still having a hard time stomaching the market's recent drop, consider this upside: yields on dividend-paying stocks are now even sexier than they were before.
The stock market turned green Thursday on hopes that some European nations are considering a temporary ban on short sales.
U.S. stocks were poised for a higher open Friday, following a much better-than-expected monthly jobs report.
With bond yields expected to hold near record lows for an "extended period," experts say investors should turn toward dividend stocks to get better returns.
The first wave of quarterly financial results has come and gone, and investors have liked what they've seen. As a bigger batch of companies open their books next week, corporate earnings will continue to remain in focus.
The cost of producing goods is rising, and consumers could soon pay the price.
U.S. stocks managed to tick higher Thursday, pushing the Dow and S&P to their highest levels since the summer of 2008.
Manonamission.blogspot.com has a great collection of corporate mission statements. I recently used its search function to find examples of companies that prominently and publicly state something close to "people are our most important asset."
Investors are bracing for an onslaught of news this week: The earnings avalanche continues, midterm elections are approaching and economic data are due in a bunch of sectors.
One year after Wal-Mart launched an ambitious plan to help its suppliers track their energy and materials use and carbon emissions, the effort has officially become a trend among corporate multinationals.
Family-run businesses don't always work out in the long haul. Some of America's most iconic companies -- Ford, DuPont, and Procter & Gamble, to name three -- started out as family enterprises. But before long, perhaps a generation or two, or sometimes sooner, the professional managers moved in. Then there is the J.M. Smucker Co. In 1897 an Orrville, Ohio, farmer named James Monroe Smucker began selling apple butter from the back of a horse-drawn wagon. The company has had five chief executives, all named Smucker -- J.M. (1897-1947), his son Willard (1948-60), his son Paul (1961-87), and since then Paul's sons Timothy and Richard Smucker, who share the job. Fifth-generation cousins Mark Smucker and Paul Smucker Wagstaff, both division presidents, are now waiting their turn.
Procter & Gamble shares tumbled more than 3% Tuesday after the consumer products maker announced lower-than-expected earnings and sales in its fiscal fourth quarter.
Treasurys edged up Tuesday as stocks fell after downbeat economic reports and investors questioned whether the Federal Reserve will restart a bond-buying program to pump more stimulus into the economy.
U.S. stocks were set for a lower open Tuesday, ahead of a slew of economic data, as investors mulled the previous session's big run-up.
When Procter & Gamble reported its third quarter earnings last week, reporters rushed out stories attributing the company's recent lowering of prices to a supposed company-wide plan to slash prices and gain market share as the world emerges from the Great Recession. It's true that prices of specific items in some markets may have changed, but the explanation is hardly that simple.
After one of the most wild days on Wall Street, Nasdaq canceled trades of 296 stocks whose prices fluctuated the most.
U.S. stocks were poised for a higher start Friday, but there was plenty of uncertainty a day after one of the most violent swings in Wall Street's history.
Just before 3 p.m. ET Thursday, shares of Procter & Gamble appeared to have fallen 37%, helping trigger a massive 900-point sell-off in the Dow Jones industrial average.
Stocks have been on a tear, with the Dow industrials rising for eight straight weeks, the longest winning streak in six years. But with a slew of quarterly reports and a Fed meeting on tap, another up week could be tough.
You're probably feeling a lot better about your 401(k) these days, and not without reason. The average balance for experienced workers, after declining 19% in 2008, bounced back 29% last year, including new contributions.
From the weather (too warm!) to the romance (skaters in love!), here's a PEOPLE guide to the Games
Many investing pros thought that 2010 would be the year when quality growth companies, firms with strong balance sheets and healthy earnings prospects, would lead the market.
Longtime fans of the soap opera "As the World Turns" are mourning the loss of their daily date with the folks in the fictional town of Oakdale, Illinois, after CBS announced the cancellation of the long-running daytime drama this week.
Procter & Gamble is recalling Vicks Sinex nasal spray in the United States, Britain and Germany after finding it contained bacteria, the company said.
Most large companies love to talk about developing strong leaders. But when it comes down to it, many of them don't know how to turn their words into action. So Fortune teamed with human resources consultants Hewitt Associates and the RBL Group to find out which companies do it best.
Stocks rallied Thursday in a broad-based advance as a strong report on economic growth in the third quarter reassured investors that the recovery is on track.
Serialized storytelling was around since long before daytime dramas starting selling soap.
Stocks slipped Friday, as falling oil prices dragged on the influential commodities sector and investors took a step back after pushing the major indexes to 11-month highs in the previous session.
Stocks surged Thursday, with the major gauges ending at the highest point in nearly a year, having responded strongly to a debt auction and Procter & Gamble's improved forecast.
The Great Recession won't last forever, but no matter what comes next, business as usual is clearly over.
Stocks lost ground Wednesday as investors became cautious in the wake of some weaker-than-expected economic reports.
Stock futures turned solidly lower Wednesday after two reports pointed to continued, deep losses in jobs.
The best July in 20 years has set Wall Street up for a tumultuous August, as investors look past the earnings surprises that fueled the run to the economic questions that remain.
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 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.
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?
"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.
U.S. stocks were set to open lower Wednesday and oil prices were down as investors focused on the services sector.
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 futures were range bound early Wednesday as investors awaited a rate decision from the Federal Reserve and more corporate earnings.
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.
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.
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.
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.
U.S. bans some Chinese seafood
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.
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.
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....
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
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...
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.
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 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
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...