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 Kraft finance chief savors new role; Teri List-Stoll looks for small ways to make a big impact
Chicago Tribune, July 21, 2014 Monday

 Even after 19 years with the world's largest household-products company, Teri List-Stoll wasn't itching for a change. But the opportunity to become CFO of Kraft Foods Group in 2013 merited a closer look, says List-Stoll, who was approached about the job about four years after moving up to treasurer at Procter & Gamble. List-Stoll had three criteria for leaving Cincinnati-based P&G. She wanted to stay in consumer products and join a company "small enough to wrap your arms around and really be...
 Tribune Publishing valued at $635M, analyst estimates
Chicago Tribune, July 21, 2014 Monday

 With Tribune Publishing set to spin off from Tribune Co. on Aug. 4, analysts have begun weighing in as to what the stand-alone, publicly traded newspaper company may be worth. In a report issued Thursday by CRT Capital Group, analyst Lance Vitanza pegged Tribune Publishing's equity value at about $635 million, or less than 10 percent of Tribune Co.'s total valuation. Despite "secular headwinds" that have cut newspaper industry revenues in half since 2005, Vitanza sees potential upside for...
 Hasbro to Collaborate With 3-D Printing Company to Sell Artwork
The New York Times, July 21, 2014 Monday

 In the not too distant future, 3-D printers may provide the public with anything from a whole new wardrobe, to meat, to furniture -- and even human organs. We aren't there yet. But a few major retailers and brands, eager to keep pace with a potentially game-changing technology, and generate a bit of marketing buzz, have begun to explore this 3-D world. One of those early experimenters is Hasbro, which plans to announce on Monday a partnership with a 3-D printing company, Shapeways, to sell fan...
 G.E. Results Reflect Shift Away From Finance Unit
The New York Times, July 19, 2014 Saturday

 General Electric reported second-quarter results on Friday that reflected its steady return to its industrial roots, as the giant conglomerate looks to accelerate the shift. G.E., the largest industrial company in the United States, said revenue from its industrial businesses, with products including jet engines, power generators, oil field machinery and medical imaging equipment, rose 7 percent. Revenue at its sizable finance unit, GE Capital, declined 6 percent. The reduction of the finance...
 J&J's secret weapon Sandra Peterson has turned around company's troubled consumer unit
The Star-Ledger (Newark, New Jersey), July 20, 2014 Sunday

 To fix Johnson & Johnson's disgraced consumer unit, Sandra Peterson took a gamble, jettisoning several well-known brands, including K-Y Jelly, to concentrate on big sellers such as the pain pill Tylenol. Doing so, she believed, would allow J&J to sharpen quality controls for the remaining products and put more effort into boosting their sales globally. Now, 18 months after Peterson arrived as the highest-ranked outsider ever hired by J&J, she insists that change, and others, are reviving a unit...
 AbbVie Clinches $54 Billion Deal for Shire in a Move to Reduce Taxes
The New York Times, July 19, 2014 Saturday

 Updated, 8:33 p.m. | The pharmaceutical giant AbbVie agreed on Friday to buy its European rival Shire for around $54 billion, in the biggest takeover deal so far this year. If completed, the union would create one of the 50 largest companies in the world, with nearly $25 billion in annual sales and about 30,000 employees. With a market value of more than $137 billion, the enlarged AbbVie would be worth more than the likes of Boeing, McDonald's and Cisco. The acquisition will allow AbbVie, based...
 Kia Recalls 52,000 Souls for Steering Problem
The New York Times, July 19, 2014 Saturday

 Kia Motors is recalling nearly 52,000 Soul hatchbacks from the 2014 model year because the steering system may fail, the automaker said in a report posted on the National Highway Traffic Safety Administration website.
 Report: Kroger checks Wal-Mart Analysts raise smaller grocer's rating, target stock price
Arkansas Democrat-Gazette (Little Rock), July 18, 2014 Friday

 A grocery market analyst said in a report this week that Wal-Mart Stores Inc. is posing less of a competitive threat to Kroger Co. and, as a result, raised Kroger's rating and target stock price. BMO Capital Markets analyst Kelly Bania wrote that in recent years, Wal-Mart has lost aggregate market share in about a third of its top 20 markets where grocery-heavy Neighborhood Markets are located. BMO Capital is a financial services provider that covers the nation's No. 1 and No. 2 grocers -...
 Sherwin-Williams posts sales high Quarterly profits jump, boosted by acquisitions
Plain Dealer (Cleveland, OH), July 18, 2014 Friday

 Cleveland paint company Sherwin-Williams Co. posted record sales of $3.01 billion and a 19.5-percent jump in profits per share for the second quarter of 2014, boosted by paint sales and acquisitions. Profits rose 13 percent to $291.4 million for the quarter, from $257.2 million for the second quarter of 2013. The news sent share prices up to $211.22 before they closed at $210.95, up $9.22 from Wednesday’s close of $201.73. Paint store sales grew 17.2 percent to $1.88 billion for the quarter...
 Microsoft says it will slash 18,000 jobs; Worldwide cuts to trim Nokia phone unit by 50 percent
The Baltimore Sun, July 18, 2014 Friday

 Trying to fend off a culture that dwelt too long on tradition and replace it with one far more aggressive, Microsoft's chief executive announced sweeping layoffs Thursday that will affect workers worldwide.
 Mattel (MAT) sales fall, send stocks tanking; Mattel Inc. (MAT) reported Thursday that its sales for the second quarter of this year were down 9 percent. The bad news sent Mattel stock down almost 7 percent by mid-afternoon.
The Christian Science Monitor, July 17, 2014 Thursday

 Things aren't looking good for America's favorite doll.  Mattel Inc. (MAT), reported Thursday a 9 percent decline in revenue during the second quarter - making it the third straight quarter of revenue declines for the California-based toymaker. Sales of Barbie, Mattel's iconic doll, fell 15 percent during the second quarter, the biggest sales decline since 2009. Sales of Barbies have fallen eight of the past 10 quarters, according to Reuters.
 Baxter: Spinoff won't go overseas; Bioscience unit to stay in U.S. after separation, Deerfield company says
Chicago Tribune, July 18, 2014 Friday

 While its peers in the northern suburbs and around the pharmaceutical industry have been lining up foreign mergers to help sidestep U.S. taxes, Baxter International said Thursday it has no plans to jump on the bandwagon.
 Google loses top business officer
Chicago Tribune, July 18, 2014 Friday

 Google Inc.'s chief business officer, one of CEO Larry Page's key lieutenants, is leaving the Internet search company.
 Toyota taking a chance on hydrogen fuel cell
The Boston Globe, July 18, 2014 Friday

 Buoyed by its success with hybrids, Toyota is betting drivers will embrace hydrogen fuel cells, The new vehicle is set to go on sale in Japan in 2015. TOKYO — Rocket science long dismissed as too impractical and expensive for everyday cars is getting a push into the mainstream by Toyota, the world's top-selling automaker.
 Microsoft to eliminate 18,000 jobs in next year; Software giant halving the size of its Nokia unit
The Boston Globe, July 18, 2014 Friday

 Microsoft Corp said Thursday that it would cut about 14 percent of its workforce as it halves the size of Nokia and trims down other operations. SEATTLE — Microsoft said Thursday that it planned to eliminate up to 18,000 jobs over the next year in a shake-up intended to help the company move more quickly in the market.
 Fiat, VW deny talking of a merger
The Boston Globe, July 18, 2014 Friday

 MILAN — The Italian automaker Fiat and its main shareholder on Thursday denied a report the company is in merger talks with Volkswagen. The German carmaker also said it had no plans for mergers or acquisitions.
 Boston Scientific insider sells 67,500 shares
The Boston Globe, July 18, 2014 Friday

 The maker of medical devices recently moved its home office to Marlborough. Boston Scientific Corp.'s execurive vice president, Michael P. Phalen, sold 67,500 shares of the company's stock on the open market in a transaction that occurred Tuesday. The stock was sold at an average price of $13.04 for a total of $880,200. Phalen now directly owns 127,486 shares worth about $1.66 million, according to In the most recent quarter, Boston Scientific had revenue of $1.77 billion, up...
 $53b deal for Shire expected; Acquisition by AbbVie would be largest this year
The Boston Globe, July 18, 2014 Friday

 The acquisition of Shire will allow AbbVie, based outside Chicago, to reincorporate in Britain and reduce its tax bill. Washington is increasing scrutiny of such deals. The biggest deal of the year is set to be announced on Friday morning, as pharmaceutical giant AbbVie plans to announce a $53 billion acquisition of Shire, according to people briefed on the matter. The deal will allow AbbVie, based outside Chicago, to reincorporate in Britain and reduce its tax bill, representing the largest...
 IBM in Tug of War Between Legacy and the Leading Edge
The New York Times, July 18, 2014 Friday

 For IBM, the challenge is to convert the future of technology into an opportunity rather than a threat. The technology giant has taken big steps. It is investing in cloud computing and in software to help customers make sense of the flood of digital data. And this week, IBM announced a major move in mobile computing: a landmark alliance with Apple to jointly develop smart software for the business market, delivered to iPhones and iPads. But while the strategy looks promising, it has yet to pay...
 Blackstone Profit Soars on Performance Fees
The New York Times, July 18, 2014 Friday

 Updated, 1:34 p.m. | At a heady time for the private equity industry, the Blackstone Group is raking in profit. Blackstone, the biggest firm in the business of leveraged buyouts, reported on Thursday that its second-quarter profit -- measured as economic net income, which includes unrealized investment gains -- rose 89 percent, to $1.3 billion, from the period a year earlier. Driving the surge in profit, the firm's largest buyout fund crossed a critical threshold to allow Blackstone to start...
 One of Blackrock's Founders Will Join Apple's Board
The New York Times, July 18, 2014 Friday

 Apple announced Thursday that it had elected Susan L. Wagner, a founder of the investment firm BlackRock, to its board. The longest-serving board member, Bill Campbell, is retiring, the company said.
 Meg Whitman, Chief of H.P., to Serve as Its Chairwoman, Too
The New York Times, July 18, 2014 Friday

 Meg Whitman has added chairwoman to her business card. Hewlett-Packard, which announced the retirement of its former chairman Ralph Whitworth from the board on Tuesday, said that Ms. Whitman, the company's chief executive, would also lead the board. The company said that Klaus Kleinfeld, chairman and chief executive of Alcoa, was joining the H.P. board.

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