Proctor news stories on Newser

This Bid's for Bud: Belgian Brewer Offers $46B

Peter Fearon — Wed, 11 Jun 2008 22:28:40 CDT

The Belgian-based brewer InBev has made a $46 billion cash bid for US beer giant Anheuser-Busch in what would be one of the largest foreign acquisitions of an American corporation, the Wall Street Journal reports. If it goes through—a prospect that is far from certain—the 132-year-old Budweiser brand...

Smucker Nears Folgers Deal

Laurel Jorgensen — Wed, 04 Jun 2008 07:18:41 CDT

A deal in which JM Smucker Co. will acquire Folgers from Proctor & Gamble is percolating and expected to close this week, the Wall Street Journal reports. The all-stock purchase, which could ring in at $2 billion or more, means Smucker will nearly double in size and take over the...

For Inventor, RIP: Rest in Pringles Can

Harry Kimball — Mon, 02 Jun 2008 15:10:28 CDT

The man who invented the Pringles can is taking the chips' "Once you pop, you can't stop" slogan to eternity, the Cincinnati Enquirer reports. Dr. Fredric J. Baur patented the iconic container in 1970 while working for Procter & Gamble, and had long wished to be buried in one; after...

Changes in Lauder Dynasty Hardly Cosmetic

Kevin Spak — Wed, 27 Feb 2008 14:16:00 CST

Estée Lauder might be a massive, publicly owned company, but it’s also a family business, tightly controlled by the Lauder clan—until now. On Monday, it will welcome new president Fabrizio Freda, who will likely eventually replace CEO William Lauder—and become the first outsider to run the cosmetics giant....

Fed Doubts Drive Stocks Down

Sam Gale Rosen — Tue, 30 Oct 2007 15:51:44 CDT

Stocks closed down today as confidence that the Fed will cut interest rates tomorrow faded. The Journal reported that policymakers are considering no cut at all, meaning borrowing costs may stay high. The Dow slipped 77.79 to 13,792.47, the S&P 500 was down 9.96 to 1,...

Layoffs Sink Stock Prices, Says Study

Dustin Lushing — Sun, 29 Apr 2007 08:00:00 CDT

Economists have long doubted the precept that cutting a company's payroll will lead to a spike in its stock price. But try telling that to CEOs, who are still trying to emulate the turnarounds achieved by G.E. and Proctor & Gamble. Now, a study reveals that markets actually have...

Physicist Wants To Wipe Out Toilet Paper

Dustin Lushing — Wed, 25 Apr 2007 09:20:20 CDT

A German physicist is engineering toilet paper that he says is more efficient and softer than the familiar white roll. TP visionary Siegfried Hustedt claims a single ply of his new paper—which can "hold its shape longer under pressure"—will be sturdy enough to do the job, not to...

Advertisers Dump Imus

Heather McPherson — Wed, 11 Apr 2007 12:01:43 CDT

Piling on to the mounting outrage against Don Imus, three advertisers have pulled their support from the CBS radio show or its simulcast MSNBC TV program. The three include marketing heavyweight Procter & Gamble, Staples and Bigelow Tea, the Wall Street Journal reports.