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Procter & Gamble (PG)

Procter & Gamble's CEO is taking Corporate America's case for a lower tax rate to U.S. lawmakers today, also calling for an end to taxation of foreign-earned profits.
Multinational companies say the top 35 percent corporate tax rate hamstrings them competitively against foreign-based rivals, most of whom are subject to far lower rates.

Jan 20 · 4:31:00 PM
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by Larry Etter

Whole Foods Market (WFMI)

Reuters is reporting that at the Whole Foods Market shareholder meeting in Vancouver, BC, the Sustainable Supply Chain Coalition, an alliance of environmental groups, food activist organizations and labor unions, rallied today in support of four shareholder resolutions and called for a change in Whole Foods Market, Inc. and its supplier United Natural Foods Inc. unsustainable business practices. "I am concerned about Whole Foods' expansion into Canada," said Don McGill, Teamster Vice President, Canada. "Whole Foods workers do a great job but how can the Canadian workforce expect Whole Foods management to operate with respect for workers' rights when we have seen their violations in the United States?"
This could snowball, even if only from a PR standpoint. Having the teamsters against you is not a good thing.

Mar 9 · 12:04:00 PM · Source: Reuters.com
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by Rich Pike

Estee Lauder (EL)

Cosmetics manufacturer and marketer The Estee Lauder Companies Inc. has created a new division, The Corporate Marketing Center of Excellence, aimed at boosting its global marketing efforts and driving traffic to its e-commerce sites. The company appointed Johnson & Johnson marketing executive Georgia Garinois-Melenikiotou, to oversee the division as senior vice president, corporate marketing, effective April 1.
In her new role, Garinois-Melenikiotou will oversee the corporate marketing team that supports Estee Lauder’s brand-specific marketers as well as its research and development and regional teams. She will lead efforts to strengthen consumer marketing effectiveness across the organization.

Mar 9 · 11:49:00 AM · Source: Internetretailer.com
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by Rich Pike

Dr Pepper Snapple Group (DPS)

MarketWatch.com is reporting that Moody's Investor Service said Monday that it raised the long term debt rating of Dr Pepper Snapple Group Inc. to Baa2 from Baa3. The outlook is positive. The upgrade was due to "good business momentum and substantial improvement in financial metrics since DPSG's spin off from Cadbury in May 2008," Moody's said in a statement.
This can help Dr Pepper Snapple over time to reduce their borrowing costs.

Mar 9 · 11:45:00 AM · Source: MarketWatch.com
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by Rich Pike

Procter & Gamble (PG)

The Associated Press reported that Procter & Gamble Co. has recalled two versions of Pringles chips because of concerns about potential Salmonella exposure. Procter & Gamble Co. said the Cheeseburger and Taco Night versions of the snack are being recalled. The Company is offering replacement coupons or refunds. Procter & Gamble Co. says the two varieties represent only one-half of 1% of Pringles U.S volume and the recalled versions are only sold in the U.S. The Company says there have been no reports of illnesses.
This should be just a minor blip on the radar screen for P&G.

Mar 9 · 11:38:00 AM · Source: Reuters.com
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by Rich Pike

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