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Procter & Gamble brings back A.G. Lafley as CEO
NEW YORK (AP) — Procter & Gamble is bringing back former CEO A.G. Lafley, a 33-year industry veteran, to its top post in a surprise move as the world’s largest consumer goods maker tries to improve its results globally.
Pepper your wardrobe with ‘Gatsby’ glitz for less
Baz Luhrmann’s big screen adaption of “The Great Gatsby” is shining a spotlight on Roaring Twenties glam fashions, from drop-waist dresses and head scarves to crisp bow ties and spectator shoes. But you don’t need a wallet the size of Jay Gatsby’s to get the look.
McDonald’s can’t shake criticism about nutrition
McDonald’s was taken to task at its shareholders meeting Thursday by speakers associated with an advocacy group about its menu and marketing toward kids. Among the speakers was a 9-year-old girl who asked CEO Don Thompson to stop “tricking kids into eating your food.”
US new home sales up 2.3 percent in April
Sales of new homes rose in April to the second-highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering.
Dover to spin off communications businesses
Equipment maker Dover Corp. said Thursday its board has approved a plan to spin off some of its communication technologies businesses into a new publicly traded company known as Knowles Corp.
Birth control coverage up for federal appeal
In the most prominent challenge of its kind, Hobby Lobby Stores Inc. is asking a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the morning-after pill.
Smashburger founder turns to fast-casual pizza
ENGLEWOOD, Colo. — Smashburger’s founder is launching yet another new fast-casual restaurant concept, this time centered on customized, oven-baked pizzas made and served within minutes of ordering.
Ford to end auto production in Australia in 2016
Ford Motor Co. said Thursday it will close its two Australian auto plants, ending production in the country in 2016, amid soaring manufacturing costs and plummeting sales.
Stocks end lower as investors reassess Fed worries
Stocks ended the day slightly lower after recouping a big loss early on. U.S. markets fell immediately after the opening bell following a global slump prompted in part by an unexpectedly weak report on manufacturing in China.
Tesla uses stock, note sale to repay government $451.8 million
DETROIT (AP) — Tesla Motors, which makes a highly acclaimed $70,000 electric car, has paid off a startup loan from the U.S. government nine years early. The Palo Alto, Calif., company said it wired in a $451.8 million payment to the government on Wednesday.
Made in the USA back in style for small businesses
When Martin Rawls-Meehan started making adjustable beds in 2004, it was a foregone conclusion that key parts would be made overseas. But this year, his company, Reverie, began making some of its beds entirely in a factory in New York.
The 10 highest-paid CEOs of 2012
It pays to be in TV. On the list of 10-best paid CEOs of 2012 — the exclusive club inside an already-exclusive club — half are in the entertainment and media industry, according to executive pay research firm Equilar.
College fossil-fuel divestment movement builds
Student activists at more than 200 colleges are trying a new tactic in hopes of slowing the pace of climate change: They are asking their schools to stop investing in fossil fuel companies. It is far from certain that the campaign will help change the behavior of fossil fuel companies or public attitudes about climate change.
Fed weighed slowing its pace of bond purchases
Several Federal Reserve policymakers this month favored slowing the Fed’s efforts to maintain record-low long-term interest rates as early as June — if the economy showed strong and sustained growth. But those officials appeared at odds over what evidence would demonstrate such gains.
US home sales tick up to highest in 3 ½ years
Sales of previously occupied U.S. homes ticked up last month to the highest level in three and a half years, helped by a jump in the number of houses for sale.
