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Trader's Blog
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Today's News
Procter & Gamble brings back A.G. Lafley as CEO
11 hours ago
Procter & Gamble is bringing back former CEO A.G. Lafley to its top post in a surprise move as the world's largest consumer goods maker tries to grow globally. Under McDonald, P&G, which makes Tide detergent, Crest toothpaste and other household goods, has been cutting costs and ramping up innovation to offset a weakened European economy and slowing growth in China. P&G is in the middle of a cost-cutting plan aimed at saving $10 billion by 2016. But investors have been frustrated by slow revenue growth and stagnant market share gains globally.
Tobacco farmers notch legislative victory
11 hours ago
Tobacco farmers long on the defensive notched a victory Thursday when the U.S. Senate fended off efforts to eliminate the federal insurance program for the embattled crop. "It was a significant policy win for Kentucky farmers amid a very anti-tobacco Congress," University of Kentucky agricultural economist Will Snell said.
New rules for labeling meat go into effect in US
11 hours ago
Shoppers in the U.S. will soon have more information about where their meat comes from after new federal labeling rules went into effect Thursday. The new rules apply only to cuts of meat such as steaks and roasts, not to ground meat. The USDA has required country of origin labels on seafood since 2005 and on meat and other products since 2009. The new rules for meat are meant to bring the U.S. in line with World Trade Organization standards after the organization determined the old labels discriminated against livestock imported from Canada and Mexico.
Bunge raises dividend to 30 cents from 27 cents
12 hours ago
Agribusiness and food company Bunge Ltd. said Thursday it is raising its quarterly dividend to 30 cents from 27 cents. The company's next dividend is payable Sept. 3 to shareholders of record on Aug. 20. Bunge also said it will pay a dividend of $1.22 on 4.875% cumulative convertible perpetual preference shares. That dividend is payable Sept. 1 to shareholders of record on Aug. 15.
