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The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
THE AFRICAN OIL HANGUP Companies eager to start making money off of Africa's many oil exploration resources are hitting some road blocks. Among the companies interested in African exploration is ExxonMobil (XOM), which is currently being thwarted in its effort to gain stake in Ghana's Jubilee oil play. [Motley Fool]
NEW FUEL FOR CHEVRON CASE There's new evidence in a 17-year old case by the Ecuadorian government against Chevron (CVX) for illegally polluting the environment. Documents discovered during an invetigation allegedly highlight how Chevron's attorney presented altered evidence to the court. [Wall Street Journal.]
JUICE WARS PepsiCo (PEP) will see Coca-Cola (KO) in court. The two drink giants are involved in a patent infringement lawsuit, set to be sorted out this coming summer. Coca-Cola says that the packaging for PepsiCo's "Top 50" juices is too close for comfort to Coke's juice line "Simply," so Pepsi's product should be banned. [Bloomberg]
NOT A SAFE BET YET Safeway (SWY) has plenty of cash, and shares are up 1.3 percent after dropping by ten percent last year. Besides, it's been building strong brand strength in the grocery business. But it's good performance isnt enough. Everybody wants to be a grocer these days, and Safeway is facing competition from other major discount Fortune 500 stores such was Walmart (WMT) and Target (TGT). [Los Angeles Times]
BRING IT BACK Target and Walmart along with Lowe's (LOW) are also keeping policies in place that allow customers to return gifts even without a receipt. These holiday's, making returns easier could differentiate competing retail outlets form one another. [Boston Globe]
SNACK CAKES AND STEAK Sara Lee (SLE) is being courted by a giant meat company--one of the largest in the world--a Brazilian company called JBS. While Sara Lee will probably seek some buyer in the near future, it turned down JBS's initial offering price because it was too slow and low. [New York Times]
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
Image by UW Digital Collections via Flickr
By Shelley DuBois, reporter
GM SHALL BE MASTER OF ITS OWN DESTINY the company's new head of finance said, which means that the auto maker MORE
Dec 15, 2010 8:39 AM ET
Image by shannonpatrick17 via Flickr
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
DOES NETFLIX EVEN SHIP TO ALBANIA? The video rental company is about to stop being a threat to bigger cable networks, Time Warner MORE
Dec 13, 2010 8:09 AM ET
Image via Wikipedia
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
GIVE RUSSIA SOME CREDIT Investors' hopes that Russia's credit ratings will improve in response to the potential deal between PepsiCo (PEP) and Russia's juice and dairy company Wimm-Bill Dan MORE
Dec 6, 2010 8:25 AM ET
Technology has distracted consumers, and that's leading to new challenges for multi-national consumer companies like PepsiCo, Kraft, and Yahoo.
Left to right: Moderator Becky Quick with Yahoo's Carol Bartz, PepsiCo's Indra Nooyi and Kraft's Irene Rosenfeld
by Beth Kowitt, writer-reporter
The key to capturing consumers at a time when they're pulled in more directions than ever is to engage them directly, said the CEOs of three Fortune 500 companies during Fortune's Most MORE
Oct 5, 2010 3:58 PM ET
This season seems to be more about Don Draper's neuroses than his advertising pitches, but a few of his agency's clients came to the AMC drama with their own interesting stories.
by Alex Konrad, contributor
Two weeks into this season of Mad Men, we updated you on the products featured in the show with Mad Men: Fictional pitches, real ads. With Jantzen and Pond's Cold Cream both making memorable debuts, we anticipated MORE
Sep 22, 2010 12:24 PM ET
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