Stock Market & Financial Investment News

News Breaks July 29, 2012 10:33 EDT PG, CAT Procter & Gamble's stock seems fairly valued, Barron's contends Procter & Gamble (PG) shares have been rising lately, up about 10%, to 65.09, from their 2012 low of $59, reached in June. Barron's Trader column suggests that investors have been trading out of Caterpillar (CAT) and into P&G. Part of the attraction is P&G's healthy 3.5% dividend and defensive nature when investors worry about global economic growth. But the stock has also gotten a boost from the 1% stake taken in mid-June by activist investor William Ackman of Pershing Square Capital Management. However, CEO Robert McDonald's $10B restructuring plan has some skeptics wondering how much of that can be accomplished. There's also some talk of a spin-off of some P&G businesses, like the pet-food or battery operations, to unlock value, but it's doubtful that such moves would be big enough to create much value. These units are small potatoes in light of P&G's $178B market cap. Speculation that CEO Robert McDonald could be sent packing seems premature, too. Investors might still pile into P&G during anxiety flare-ups about Europe, but unless other big investors join Ackman, the stock seems fairly valued. Reference Link News For PG;CAT From The Last 14 Days Check below for free stories on PG;CAT the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 22, 2013 09:42 EDT CAT Senate Committee on Foreign Relations to hold a hearing The Committee holds a hearing entitled, "Different Perspectives on International Development" with Director of International Governmental Affairs Lane of Caterpillar (CAT) on May 22 at 10:30 am. Webcast Link May 21, 2013 10:22 EDT CAT Caterpillar to resume talks with steelworkers, WSJ says Subscribe for More Information 09:55 EDT PG CAO Group refutes patent suit from Procter & Gamble CAO Group, a dental company, refutes lawsuit claims by Procter & Gamble and affirms that the advanced technology applied to its treatment film products, including Sheer White, Sheer DesenZ and Sheer FluorX for teeth whitening, desensitizing, and fluoride treatment, respectively, is its own intellectual property, the company announced. CAO said it believes that its products do not infringe any of P&G asserted patents and that the lawsuit was filed without any merit. May 20, 2013 10:45 EDT CAT Caterpillar trends were weak in April, says Wells Fargo Wells Fargo notes that Caterpillar's machines sales growth decelerated in April. The firm thinks that modest improvements in the company's overall trends may be mostly offset by North American machines sales deceleration, and it keeps a Market Perform rating on the shares. 09:31 EDT PG Procter & Gamble files infringement suit against CAO Group Procter & Gamble filed a lawsuit on May 20 in the Southern District of Ohio against CAO Group, a manufacturer and distributor of dental products. The lawsuit alleges that CAO Group is violating P&G's intellectual property by manufacturing and selling its "Sheer White," "Sheer FluorX," and "Sheer DesenZ" products. The unauthorized use of patented technology is prohibited by law. P&G is suing CAO Group in order to protect its investment in its technology and its Crest Whitestrips business. 09:03 EDT CAT Caterpillar reports Power Systems retail down 5% in 3-months end April Subscribe for More Information 09:01 EDT CAT Caterpillar reports April 3-month rolling period retail machine sales down 9% Subscribe for More Information 07:45 EDT CAT Wunderlich Securities to hsot a summit Subscribe for More Information 07:42 EDT PG Cohasset Associates to host a conference National Conference on Managing Electronic Records is being held in Chicago on May 20-22. May 17, 2013 05:21 EDT CAT Caterpillar, Mining Machinery resolve all outstanding issues Subscribe for More Information May 16, 2013 19:01 EDT CAT Caterpillar and Mining Machinery Limited announce settlement agreement Subscribe for More Information May 14, 2013 08:54 EDT PG Procter & Gamble CFO says 'on-track' with FY sales, cost saving plans 08:46 EDT PG Procter & Gamble repeats FY13 core EPS view $3.96-$4.04, consensus $4.04 Subscribe for More Information 07:25 EDT PG Goldman to host a symposium Subscribe for More Information May 10, 2013 06:30 EDT CAT Caterpillar, Milwaukee workers' union talks suspended, Reuters says Subscribe for More Information May 8, 2013 14:01 EDT PG Ackman has engaged Procter & Gamble on CEO, chair role split, CNBC's Kelly says Subscribe for More Information 13:43 EDT PG Procter & Gamble mentioned positively by Ackman at Sohn, CNBC's Kelly says According to CNBC's Kate Kelly, Bill Ackman's Pershing Square holds 29M shares of Procter & Gamble, and Ackman called the company one of the world's great businesses. Reference Link 11:43 EDT CAT Caterpillar sees some 'encouraging signs' in China business Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.