Yahoo! Finance News – US Federal Reserve, Unilever PLC, Claude Bovet, Internal Revenue Service, Wall St. Slips on Fed Stimulus Uncertainty; P&G Jumps
Stocks fell for a third day, putting indexes on track for their first negative week since mid-April, on lingering concern the U.S. central bank may scale back its stimulus measures to support the economy.
Ackman Strikes Again: P&G’s McDonald Out, Lafley In
Consumer products giant, Procter & Gamble replaced CEO Bob McDonald with his retired predecessor, A.G. Lafley, effective immediately, a signal of the urgency the company feels to get sales growing faster and fire up its pipeline of new products.
Doomsday Investors Bet on Market Crash
Stocks were lower following a stellar run that’s gotten so heated some investors are making bets on a big crash.
IRS Replaces Official Who Revealed Targeting
The Internal Revenue Service official who led the unit that targeted tea party groups and publicly disclosed the activity has been replaced, making her the third top IRS official moved aside since the episode was revealed two weeks ago.