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Economic NewsFriday, May 24th, 2013

Procter & Gamble brings back A.G. Lafley as CEO

By MAE ANDERSON - AP - Thu May 23, 11:02PM CDT

NEW YORK (AP) — Household products giant Procter & Gamble Co. is hoping its former CEO can work his magic once again. (full story)

News Summary: P&G brings back Lafley in top role

By The Associated Press - AP - Thu May 23, 9:24PM CDT

HE'S BACK: Procter & Gamble is bringing back former CEO A.G. Lafley, a 33-year industry veteran, to its top post in a surprise move as the world's largest consumer products maker tries to improve its results globally. (full story)

Procter & Gamble says retiring CEO Robert McDonald to be replaced by former CEO A.G. Lafley

AP - Thu May 23, 5:24PM CDT

CINCINNATI (AP) — Procter & Gamble says retiring CEO Robert McDonald to be replaced by former CEO A.G. Lafley. (full story)

Stocks edge lower as investors reassess Fed fears

By STEVE ROTHWELL - AP - Thu May 23, 5:04PM CDT

NEW YORK (AP) — Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower. (full story)

Business Highlights

By The Associated Press - AP - Thu May 23, 4:35PM CDT

___ (full story)

Why worry? Less aid by Fed would point to recovery

By PAUL WISEMAN - AP - Thu May 23, 8:10PM CDT

WASHINGTON (AP) — Investors have grown nervous that the Federal Reserve will scale back its efforts to boost the U.S. economy sooner than many expected. (full story)

April jobless rates fall in most Ill. metro areas

AP - Thu May 23, 3:08PM CDT

CHICAGO (AP) — Officials say unemployment decreased during April in nine of Illinois' 12 metro areas. (full story)

Forest Labs climbs as CEO announces retirement

AP - Thu May 23, 2:59PM CDT

NEW YORK (AP) — Shares of Forest Laboratories Inc. rose to a year high Thursday after the drugmaker said Howard Solomon, its CEO for 36 years, will retire at the end of 2013. (full story)

Wisconsin jobs agency names 4th CFO in 2 years

AP - Thu May 23, 2:06PM CDT

MADISON, Wis. (AP) — Wisconsin's troubled economic-development agency has hired its fourth chief financial officer in two years. (full story)

JPMorgan Chase promoting Sommers

AP - Thu May 23, 12:58PM CDT

NEW YORK (AP) — JPMorgan Chase is promoting Barry Sommers to CEO of its consumer bank. He replaces Ryan McInerney, who is leaving the company to become Visa Inc.'s president. (full story)

Between economy and trouble, Obama approval steady

By JIM KUHNHENN - AP - Thu May 23, 1:26PM CDT

WASHINGTON (AP) — The economy is recovering, the White House is dealing with multiple controversies, and President Barack Obama appears generally unaffected either way. (full story)

Halozyme names David Ramsay as CFO

AP - Thu May 23, 11:25AM CDT

SAN DIEGO (AP) — Biopharmaceutical company Halozyme Therapeutics Inc. said Thursday that it has named David Ramsay as chief financial officer, replacing Kurt Gustafson. (full story)

CEO Pay: It's good to be in health care

By The Associated Press - AP - Thu May 23, 10:33AM CDT

Here's a look at median CEO pay by industry last year, as calculated by executive pay research firm Equilar. For the fourth time in five years, health care CEOs got the most pay and utilities CEOs got the least. (full story)

CEO raises, pay cuts; What a change 1 year makes

By The Associated Press - AP - Thu May 23, 10:33AM CDT

Here's a look at the CEOs that received the biggest raises and the biggest pay cuts in 2012 compared with 2011, as calculated by the executive pay research firm Equilar and The Associated Press. (full story)

Say on pay: Shareholders rarely reject CEO pay

By The Associated Press - AP - Thu May 23, 10:31AM CDT

Big U.S. companies are required to offer their shareholders a "say on pay" vote — essentially, a chance to weigh in on whether they think the CEO and other top executives are getting paid too much. (full story)

Top 50 highest-paid CEOs

By The Associated Press - AP - Thu May 23, 10:31AM CDT

A look at the 50 highest-paid CEOs of 2012, as calculated by executive pay research firm Equilar. (full story)

Unum executive to retire; company raises dividend

AP - Thu May 23, 10:31AM CDT

PORTLAND, Maine (AP) — Unum Group said Thursday that one of its top executives will depart the insurance company. (full story)

With great power comes great perks

By The Associated Press - AP - Thu May 23, 10:30AM CDT

Here's a look at what companies spent in 2012 on CEOs' country club and business club memberships, private jet travel and home security. (full story)

UMass Memorial, nurses, reach contract deal

AP - Thu May 23, 10:15AM CDT

WORCESTER, Mass. (AP) — UMass Memorial Medical Center and the union representing 1,100 nurses have reached a tentative contract agreement that staves off a scheduled strike. (full story)

KeyCorp names Donald Kimble as its CFO

AP - Thu May 23, 10:03AM CDT

CLEVELAND (AP) — KeyCorp has named Donald R. Kimble as its new chief financial officer. (full story)

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