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Today in the Fortune 500: Former P&G director accused of insider trading, GM's February sales say customers are car shopping and Yahoo might ditch Yahoo Japan
March 2, 2011: 10:17 AM ET
Image by nobihaya 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
SO MUCH INSIDER TRADING The Securities and Exchange Commission accused Rajat Gupta, former director of both Procter & Gamble (PG) and Goldman Sachs of trading inside information on both companies during the financial crisis in 2008. One of the most egregious examples is when Gupta told Galleon Group founder Raj Rajaratnam about a pending $5 billion dollar investment in Goldman Sachs (GS) from Warren Buffett's Berkshire Hathaway (BRKA). [Wall Street Journal]
ON THE ROAD AGAIN Consumers are starting to buy cars, judging by GM (GM) and Toyota's February sales numbers. GM sold 46% more cars this February compared to last year--207, 028 vehicles. Toyota sold 141,846 cars, which was a 42% sales increase. [Wall Street Journal]
SAYONARA Yahoo Inc. (YHOO) could get rid of its Japanese assets, a 30% stake in Yahoo Japan, which is the country's leading web portal. Yahoo is talking to Japanese telecom company Softbank Corp., already a stakeholder in Yahoo Japan, about the deal. [Wall Street Journal]
THAT NAGGING MORTGAGE PROBLEM could still take its toll on megabanks JPMorgan (JPM) and Bank of America (BAC). While the two companies have become more efficient in many ways, they haven't addressed lawsuits related to issuing faulty mortgages, which could end up costing each bank billions of dollars. [New York Times]
APPLE DROPS IPAD 2 at 1:00 PM EST today. Avid Apple (APPL) users will want to know if the new version of the tablet has one camera or two, when it will ship and if Steve Jobs will be healthy enough to show up for the announcement. [Fortune]
AND THE PRESSURE'S ON, according to some analysts, who claim that with increased competition in the market, Apple needs to come out way ahead with its latest version of the tablet. [CNNMoney]
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Today in the Fortune 500: Walgreens pushes its brand, Citi and Morgan Stanley's dire crisis situation and Yahoo's mobile move
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
WALGREENS' BIG BRANDING PUSH The drug store is launching its first national advertising campaign in hopes that customers will choose Walgreens (WAG) brand products over others in the MORE
Feb 11, 2011 5:44 AM ET -
Today in the Fortune 500: Google executive released by Egyptian government, Pepsi and Best Buy score on Superbowl ads and what's next for BP's ex-CEO Tony Hayward
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
EGYPTIAN GOVERNMENT RELEASES GOOGLE EXEC who was arrested during the conflict in Egypt, likely for his major role in anti-government online activism. Protest organizers viewed the man, named Wael Ghonim, as a MORE
Feb 7, 2011 8:43 AM ETPosted in: BP, Coca-Cola, Egypt, Fortune 500, Goldman Sachs, Google, Groupon, Middle East, Ozzy Osbourne, Tony Hayward, Twitter, Yahoo -
Today in the Fortune 500: Procter & Gamble needs to profit off of its beauty makeover, Lockheed Martin tries to solve its marine jet problems and Yahoo still struggles.
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
IT'S HARD TO BE BEAUTIFUL and profitable too. Procter & Gamble (PG) just got an $80 billion makeover to market itself as a beauty company last year. But MORE
Jan 26, 2011 7:43 AM ET -
Today in the Fortune 500: Goldman Sachs values Facebook at $50 billion, Bank of America gets spy-ready and Chevron and Shell drills still stalled in the Gulf.
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
GOLDMAN SAYS FACEBOOK IS WORTH $50 BILLION The social media site raised $500 million worth of investments from Goldman Sachs (GS), which paid $450 million, MORE
Jan 3, 2011 7:55 AM ETPosted in: American Airlines, Bank of America, Chevron, EBAY, Facebook, Fortune 500, General Electric, Goldman Sachs, iphone, Royal Dutch Shell, WikiLeaks, Yahoo -
Today in the Fortune 500: Yahoo's ego problem, Comcast starts to cut the cord and McDonald's vs. the food police.
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
YAHOO IS NOT THE ONLY SMART GUY, says the owner of most of Yahoo's Asian assets, billionaire Masayoshi Son, but the fact that it thought it was hurt the company. Son's assets combined with Yahoo's MORE
Dec 14, 2010 8:34 AM ETPosted in: Comcast, Royal Dutch Shell, Wal-Mart, Wall Street Journal, Warren Buffett, WMT, Xcalibur, Yahoo, YHOO -
PepsiCo's Indra Nooyi: Niche brands are the future
Technology has distracted consumers, and that's leading to new challenges for multi-national consumer companies like PepsiCo, Kraft, and Yahoo.
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 Powerful Women's Conference on Tuesday.
"There's no question it's more complicated out there," said Kraft (KFT) CEO Irene MORE
Oct 5, 2010 3:58 PM ET -
Google and Yahoo fight with the feds
Yahoo's ad alliance with Google seems like a great deal to Messrs. Brin, Page, and Yang. Now they just have to win over the Justice Department.
Google and Yahoo had hoped to have it all up and running by now. As you may recall, the two Internet giants announced an alliance last June in which Google would supply Yahoo with search ads to supplement Yahoo's own. Google would get a big MORE
Oct 10, 2008 8:05 AM ET -
Google and Yahoo fight with the feds
Yahoo's ad alliance with Google seems like a great deal to Messrs. Brin, Page, and Yang. Now they just have to win over the Justice Department.
Google and Yahoo had hoped to have it all up and running by now. As you may recall, the two Internet giants announced an alliance last June in which Google would supply Yahoo with search ads to supplement Yahoo's own. Google would get a big MORE
Oct 10, 2008 8:05 AM ET -
D: Barry Diller and Michael Dell
CARLSBAD, Calif. - Barry Diller defines the calm, cool, collected CEO. At least on stage, when he's on his best behavior. He called his recent (successful) litigation with partner Liberty Media a wrenching three-month distraction. Come Aug. 1, he says, IAC (IACI) will complete its split into five companies, including the "new" IAC, a pure Web company.
Diller was more interesting about other people's businesses than his MORE
May 28, 2008 3:50 PM ET
