Procter & Gamble selling pharmaceutical biz as it focuses on long-term growth potentialAugust 24th, 2009 P&G shedding businesses is part of long-term planCINCINNATI — The Procter & Gamble Co.'s $3.1 billion sale of its prescription drug business is in line with its recent strategy of shedding products to focus on areas with the best growth and profit-margin prospects. The deal announced Monday with Warner Chilcott PLC will take away $2.3 billion in annual revenues, including the billion-dollar brand Actonel, an osteoporosis treatment.
DishTV to raise $200 mn through securitiesAugust 18th, 2009 MUMBAI - Direct-to-home (DTH) major DishTV Tuesday said it will raise up to $200 million (Rs.1,000 crore) through issue of securities in the domestic and international markets. The company's shareholders approved in the annual general meeting the issuance of securities, including foreign currency convertible bonds (FCCBs), global depository receipts (GDRs) and private placement of shares to institutional investors for raising an aggregate amount of $200 million, Dish TV said in a regulatory statement.
Schering-Plough shareholders back $41.1 billion acquisition by partner Merck & Co.August 7th, 2009 Schering-Plough shareholders OK purchase by MerckTRENTON, N.J. — Shareholders of drugmaker Schering-Plough almost unanimously support being bought by bigger New Jersey neighbor Merck.
Procter & Gamble's 4Q profit down 18 percent , as consumers cut buying in recessionAugust 5th, 2009 P&G's 4Q profit falls 18 pct; sales declineCINCINNATI — The Procter & Gamble Co.'s fourth-quarter profit fell 18 percent, and the consumer products maker said Wednesday it expects more declines as households around the globe keep tight reins on spending in the recession. P&G says slow sales and sluggish earnings will continue in the short term before starting to rebound late in the year, and it forecast lower profit and falling revenue again for the current quarter.
GM's old board postpones annual shareholders meeting scheduled for August in DetroitJuly 16th, 2009 GM board postpones annual shareholders meetingDETROIT — If your company has no publicly traded stock and only four stakeholders, does it need to have an annual shareholders meeting?
At the new General Motors Co., the answer is no, at least for the time being. The new GM says its old board has indefinitely postponed plans to hold the annual meeting that had been scheduled for Aug.
Procter & Gamble testing cheaper version of Tide detergentJuly 1st, 2009 P&G testing cheaper TideCINCINNATI — The Procter & Gamble Co. said Wednesday it has begun trying out a lower-cost version of Tide laundry detergent in a bid to churn up new sales in the recession.
Drugmaker Wyeth sets July annual meeting for shareholders to vote on acquisition by PfizerJune 18th, 2009 Wyeth sets meeting for shareholders' merger voteMORRISTOWN, N.J. — Wyeth has scheduled a meeting for the drugmaker's shareholders to vote whether to approve its pending acquisition by drug giant Pfizer.
Procter & Gamble names COO McDonald to succeed CEO Lafley, who stays as chairmanJune 11th, 2009 New P&G leader to streamline, seek growth overseasCINCINNATI — New Procter & Gamble Co. chief Bob McDonald sees a brighter future for the 172-year-old company through selling more diapers, detergent and shampoo in places like India and Africa.
Procter & Gamble names McDonald to succeed CEO Lafley, who stays as chairmanJune 10th, 2009 P&G taps McDonald to leadCINCINNATI — Procter & Gamble Co. said Wednesday it chose 29-year company veteran Bob McDonald, citing his broad global experience, to lead the world's largest consumer-products company.
Glances at careers of Procter & Gamble's McDonald, LafleyJune 9th, 2009 Glances at McDonald, LafleyA glance at the careers of Bob McDonald and A.G. Lafley of the Procter & Gamble Co.:
— ROBERT A.
P&G board meets amid reports on CEO succession; no announcement setJune 9th, 2009 P&G board meets amid CEO reportsCINCINNATI — The Procter & Gamble Co.'s board of directors met Tuesday amid a report that they are ready to act on a long-anticipated CEO succession plan, but a company spokesman said the report remained speculative. "It is a very deliberate and well-planned process, years in the formation, and we're not expecting to be making any announcements," P&G spokesman Paul Fox told The Associated Press before the regularly scheduled meeting at company headquarters in downtown Cincinnati.
P&G leadership likely shifts as recession challenges growth plansJune 9th, 2009 P&G may make changes as it faces challengesCINCINNATI — Procter & Gamble Co., its sales down and growth below targets during the global recession, faces its biggest challenges since A.G. Lafley took over as CEO nine years ago.
Wal-Mart announces new $15B share repurchase program at annual meetingJune 5th, 2009 Wal-Mart announces $15B share repurchaseFAYETTEVILLE, Ark. — Wal-Mart Stores Inc.
Dow Chemical shareholders narrowly approve say on executive pay at annual meetingMay 14th, 2009 Dow Chemical shareholders OK say on executive payNEW YORK — Dow Chemical shareholders narrowly approved a proposal Thursday to have nonbinding say on executive compensation. The vote at the annual meeting in Midland, Mich., comes after a very tough year for the nation's largest chemicals maker and its chief executive, Andrew Liveris.
UPS shareholders elect 10-member board, ratify auditor, approve incentive compensation planMay 8th, 2009 UPS shareholders elect board, OK compensation planATLANTA — UPS Inc. shareholders elected a board of directors for a one-year term Thursday at the company's annual meeting.
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