Procter & Gamble Co. Chief Executive Officer A.G. Lafley, under pressure to revive the consumer- products giant, may have a willing buyer for its Iams pet-food unit in Meow Mix maker Del Monte Foods Co.
Emerging-market stocks advanced for a fifth day after China called for reform measures to consolidate the nation’s recovery. Brazil’s Ibovespa rallied to the highest level since May as Petroleo Brasileiro SA soared.
Lloyd C. Blankfein , chief executive officer of Goldman Sachs Group Inc. , has sought to quell shareholder concerns about its bonuses and business practices at the past two annual meetings. Today, he will try again.
Jeffrey Immelt, saying he holds few regrets after leading General Electric Co. in 10 years bracketed by terrorism and a nuclear meltdown, predicts a payoff through 2013 as reinvigorated industrial units expand globally.
General Electric Co.’s Chief Executive Officer Jeffrey Immelt aims to deliver consistent profit growth after the recession by concentrating $25 billion of stockpiled cash on industrial businesses, some of which date to the company’s founding by Thomas Edison .
U.S. technology stocks, the second- best industry of the past decade, have fallen to the cheapest levels in at least seven years and are vulnerable to more losses as analysts reduce second-quarter profit estimates.