Proctor & Gamble plans to spend an estimated $150 million on an extensive marketing campaign to persuade consumers to try a new type of laundry product. The new laundry product is sold in single-use tablets, called pods, that combine liquid detergent, stain remover, and brightener. The pods are being introduced under the Tide brand banner. [...]
Questions have been raised about whether Yahoo will be able to make itself relevant in a web environment dominated by Google and Facebook. The company’s new chief executive, Scott Thompson, has faced additional pressure to provide a clear vision of what a revamped Yahoo will look like. Mr. Thompson has told analysts that he is [...]
U.S. and European antitrust regulators have granted their approval for Google’s $12.5 billion bid to buy cellphone maker Motorola Mobility. The Justice Department did not find any evidence that Google’s purchase of Motorola Mobility would lessen competition in the mobile device market. This allows Google to move a major step closer to completing the biggest [...]
In Amazon’s fourth-quarter results, revenue rose to $17.43 billion, up 35% but nearly a billion dollars short of what analysts had been expecting. Net income dropped 58% to $177 million in the fourth quarter, or $0.38 per share, compared with $416 million, or $0.91 a share, in the same period a year earlier. Analysts expected [...]
Societe Generale announced that its profit plunged in the last three months of 2011. The bank said its net income dropped 89%, to 100 million euros ($130 million), from the same period the previous year. Analysts expected profits of more than 300 million euros. Revenue dropped 12.4% to 6 billion euros. The company has been [...]
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