P&G Chairman Lafley to retire
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Reuters
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26 minutes ago Procter & Gamble Co said on Tuesday that Chairman A.G. Lafley would retire in early 2010 and Chief Executive Bob McDonald would become chairman of the world's top household products maker on January 1.
U.S. factory and services revenue to grow in 2010
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Reuters
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33 minutes ago Economic growth in the United States will resume in 2010, with manufacturing revenue forecast to rise 5.7 percent, the Institute for Supply Management said in its semiannual economic forecast released on Tuesday.
3M issues cautious forecast, shares fall
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Reuters
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52 minutes ago Diversified manufacturer 3M Co issued a cautious initial outlook for 2010 on Tuesday, saying tight credit market conditions and other headwinds would make any broad economic recovery "patchy and slow."
McDonald's U.S. same-store sales dip amid price fight
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Reuters
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58 minutes ago McDonald's Corp said sales at established U.S. restaurants fell for the second-straight month as competitors like Burger King and Taco Bell pushed low prices to attract customers.
Talbots surprises with profit; eases debt concern
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Reuters
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1 hour, 0 minutes ago Women's clothing retailer Talbots Inc reported a surprise quarterly profit on cost cuts and eased concerns regarding its ability to pay down debt, sending its shares up 7 percent.
Kroger profit below Street view; outlook is cut
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Reuters
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1 hour, 1 minute ago Supermarket operator Kroger Co posted quarterly profit far below expectations and slashed its full-year forecast amid intense competition, and its shares fell 14 percent.
Wall Street pulled lower by 3M, McDonald's
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Reuters
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1 hour, 2 minutes ago Stocks fell on Tuesday on a disappointing outlook from 3M Co, while McDonald's Corp reported a second straight month of declines in domestic sales.
U.S. consumer confidence eases in December
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Reuters
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1 hour, 24 minutes ago U.S. consumer confidence edged lower in December, extending November's decline as consumers remained concerned about the economy and labor market, a research group said on Tuesday.
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