Word: spinnings
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...Purge? The consumer-products industry seems to be on a binge-purge cycle. After Procter & Gamble last month gobbled up Gillette for $57 billion, it looked like bulking up was the new fad. But its rival Sara Lee went on a crash diet last week, unveiling plans to spin off or sell a string of businesses - including Meats Europe, its packaged-meat division that houses the Aoste brand - worth around 40% of the firm's revenues. Investors liked the slimmed-down look; shares climbed 4% on the news. Where does that leave rival Unilever? The Anglo-Dutch titan last week...
...It’s about me having the last laugh,” Reid says, sounding quite satisfied with the idea. “People from the Page Sixes who have messed with me, this is going to spin it back around at them. People might think a little bit more about things they want to write about...
Norwood’s research was legitimate—it was the spin he placed on his findings that appears shaky. Central to his claims is the tale of Ernst “Putzi” F.S. Hanfstaengl, a popular member of the Harvard Class of 1909 who, when he returned as a class officer at his 25th reunion in 1934, was a chief Nazi press officer and personal acquaintance of Adolf Hitler. Norwood argued that by inviting the prominent Nazi sympathizer to an official event, Harvard missed a chance to criticize Hitler’s regime and ignored reports...
...great that they encourage extreme aggression, and if that means wiping out rivals - and a few investors - not even Trichet can change that. Long Distance Calling Talk about a coming-of-age story. More than 20 years after the U.S. telecom monopoly AT&T was forced to spin off its regional operators, Texas-based SBC Communications - one of the Baby Bells born of that breakup - last week agreed to buy AT&T for $16 billion. One possible reason: building international business. AT&T has pulled together a network of lucrative and loyal international business clients, points out Tim Dillon, principal...
...businessman who bankrupts casinos can instruct would-be moguls in the art of the deal, can't an ex-con tutor them in corporate etiquette? Sure she can, says NBC, which has created a spin-off of its reality series The Apprentice for felon and lifestyle expert MARTHA STEWART. Shares of Stewart's empire, Martha Stewart Omnimedia, rose after the announcement that she would be the host of a program modeled on Donald Trump's original, with its engrossing contestant backbiting and obvious product plugs. Stewart's "own sensibilities and creativity" will dictate the tone of the new show, says...