Word: procter
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...every one that they buy--the highest level in a decade, says Bob Gabele, who tracks such activity for CDA/InvestNet. "The selling has been broad and active for several quarters," Gabele says. "It really does look like a trend." Even at such blue-chip companies as GE and Procter & Gamble, where insiders rarely sell, they've been dumping stock. There are many reasons for an executive to sell: new house, college tuition, balancing his or her portfolio. Still, most have some flexibility, and hard-core selling is never a good sign...
...money to buy a house or a FORTUNE 500 company, trade stocks, bonds or foreign exchange, insure your life or find export financing. Heck, you could even open a checking account. Says Roy Smith, a professor of finance at New York University: "This new company will look more like Procter & Gamble than it will look like a bank. That's because what is being created here is a retail-products-distribution company for people interested in financial services...
...that is less empathic than Phil Donahue's and less excitable than Geraldo Rivera's. He's the intelligent, slightly smarmy observer of the antics around him. This is the peak of his career, but that doesn't mean he's getting as rich as Winfrey. Major advertisers like Procter & Gamble shun his show, which can charge only about a third of what Oprah does...
...keeping with his flair for drama, he spent $1.8 billion in a single day for three companies--all with striking possibilities to complement one another: Coleman Co., which makes leisure equipment; Signature Brands, which produces Mr. Coffee coffeemakers; and First Alert, which manufactures smoke detectors. "We have a potential Procter & Gamble of world-class, branded durable goods," Dunlap crows...
DIED. VICTOR MILLS, 100, ingenious engineer who changed babies--and parenting--forever with the invention of the first mass-marketed disposable diaper; in Tucson, Ariz. Mills used his granddaughter as a guinea pig for the innovation that ushered in the throwaway culture. Hired by Procter & Gamble in 1926, he also worked on such household staples as Ivory soap and Pringles...