Word: procter
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...shenanigan with impunity. But that was before the emergence of the new Food and Drug Administration. Not the old, demoralized, anything-goes agency whose officials accepted bribes for approving untested generic drugs, but an FDA that seems to be rededicated to protecting the public. Last week the FDA ordered Procter & Gamble, the manufacturer of Crisco Corn Oil, along with Best Foods, which markets Mazola Corn Oil, and Great Foods of America, maker of HeartBeat Canola Oil, to cut out the "no cholesterol" business. While Best Foods and Great Foods stalled by saying they would work with the FDA to resolve...
...Procter & Gamble made its mark with such homely household products as Crisco, Tide and Ivory soap, but now the Cincinnati-based giant is paying up for glamour. In a move to strengthen its worldwide beauty business, P&G (1990 sales: $24 billion) last week agreed to buy the Max Factor cosmetics firm and Betrix, a German makeup and fragrance manufacturer, from Ronald Perelman's debt-burdened Revlon for $1.14 billion in cash. The deal "speeds up the global expansion of the company by at least five years," said P&G chief Edwin Artzt, who has focused on foreign growth since...
...cosmetics kingdom, spurred by that ghost from the good times: debt. The company still bears an uncomfortably heavy $2.1 billion of liabilities from the original buyout and more recent, high-profile acquisitions like Max Factor and Almay. Rumored shoppers include Paris-based L'Oreal and Cincinnati's Procter & Gamble...
...Jordanna Fraiberg (HARVARD) d. Rachel Stark (Dartmouth), 15-8, 15-3, 15-8; 2. Stephanie Clark (H) d. Susan Scott (D), 15-3, 15-7, 15-12; 3. Daphne Onderdonk (H) d. Zia Daniell (D), 15-7, 15-13, 15-1; 4. Brooke Bailey (H) d. Katherine Procter (D), 12-15, 15-2, 15-8, 15-8; 5. Heather Sullivan (H) d. Lindsey Amon, 17-14, 15-9, 15-8; 6. Pauline Butler (H) d. Nicole Artzer (D), 15-7, 15-4, 15-8; 7. Kathy Shergalis (H) d. Margot Jereb (D), 16-15, 15-6, 15-8; 8. Leslie...
...basis of canola's virtues, American sales have doubled over the past two years, though canola still accounts for only 2.3% of all oils consumed in the U.S. Four years ago, Procter & Gamble converted its Puritan cooking-oil line from a soy-sunflower blend to 100% canola. Earlier this year Dean Foods, a Virginia-based company, rolled out a margarine rich in canola. Next year Frito-Lay plans to introduce SunChips, corn chips fried in canola oil. This surge of interest has caused a boomlet in Kentucky, Tennessee and Indiana, where growers are starting to plant acreage...