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.
Prospects for a recovery in U.S. corporate profits this year are dimming after third-quarter earnings growth slowed and the federal government’s shutdown hindered trade and threatened to crimp consumer spending.
The rally in Verizon Communications Inc.’s bonds after its record $49 billion offering shows the phone company will pay as much as $5.1 billion more in interest for the certainty of completing the deal a week before the Federal Reserve may curtail its record stimulus.
After 13 years of declining value, some Microsoft Corp. investors want Steve Ballmer’s replacement to take bolder steps to reverse the slide at the world’s largest software maker. That could mean spinning off the Xbox video-game business.
Lexmark International Inc. is poised to lure potential buyers with the least expensive technology valuation in America as the printer company’s closure of its inkjet operations spurs takeover speculation.
Sealed Air Corp. is poised to turn into a takeover target after its biggest acquisition in more than a decade wiped out a third of its market value and left the maker of Bubble Wrap trading at a 64 percent discount to sales.