Proctor

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

InBev wants to buy Anheuser-Busch

(Newser) - 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... More »

Smucker Nears Folgers Deal

Best part of waking up is market-leading coffee sales

(Newser) - 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... More »

For Inventor, RIP: Rest in Pringles Can

Children honor food scientist's wishes to be buried in chip container he developed

(Newser) - 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;... More »

Changes in Lauder Dynasty Hardly Cosmetic

Incoming prez and CEO-apparent is first from outside family

(Newser) - 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... More »

Fed Doubts Drive Stocks Down

Consumer confidence report, Procter & Gamble forecasts are drags on markets

(Newser) - 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... More »

Layoffs Sink Stock Prices, Says Study

Forget the Seven Percent Rule; workforce morale critical to value

(Newser) - 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... More »

Physicist Wants To Wipe Out Toilet Paper

New one-ply TP is a step to a paperless bathroom

(Newser) - 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,... More »

Advertisers Dump Imus

Procter & Gamble and others pull ad dollars after racist comment

(Newser) - 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. More »

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