Business Headlines for Thursday, February 08, 2001|
Despite troubles, P&G has sterling reputation
After a year colored by profit warnings, a stock meltdown and harsh criticism from Wall Street, Cincinnati's biggest corporate citizen Procter & Gamble Co. appears to have been judged mainly for the content of its company character, according to a survey.
Local banker joins Cleveland Fed's board
Tristate banker Stephen P. Wilson is joining a board that gives Federal Reserve Chairman Alan Greenspan a grass-roots view of the region's economy.
Cinergy streamlines corporate structure
Cinergy Corp. on Wednesday named R. Foster Duncan as executive vice president and chief financial officer, effective Feb. 12.
CNET to cut jobs by 10%
SAN FRANCISCO CNET Networks Inc. has announced it will cut its global work force by 10 percent.
Grocer to offer new dollar coins
WASHINGTON Safeway, one of the country's largest food and drug retailers, will routinely offer Sacagawea dollar coins in change, the latest effort to boost circulation of the 1-year-old coin.
Publishers to pay Amazon for plaudits
SEATTLE Amazon.com plans to accept payments from publishers in exchange for a better chance of getting their books recommended in electronic mailings to customers of the online retailer.
U.S. workers don't let up
WASHINGTON Despite a sharp slowdown in the final quarter of 2000, Americans' productivity posted the best gain since 1983, capping a remarkable five-year stretch of growth in this important indicator of rising living standards.
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P&G bets on pharmaceuticals
Only 20 miles from Procter & Gamble Co.'s world headquarters, the company's future depends on scientists in laboratories overlooking a Warren County cornfield. There, 1,100 employees of P&G Pharmaceuticals are waging a battle to compete in a $220 billion industry with a relatively tiny $850 million company.
P&G's pharmaceutical plan
It all comes back to soap