Outgoing P&G CEO on decision to step down Outgoing CEO of Procter & Gamble A.G. Lafley, discusses his decision to step down, and David Taylor to be named the next CEO. Lafley says you only have one choice in this world - "you get better every day," and that's what his company will do.
CNBC update: NFL upholds Tom Brady's suspension Representatives from 70 countries are meeting in Spain on counter-terrorism strategies, and NFL Commissioner Roger Goodell has upheld the 4 game suspension of Tom Brady, reports CNBC's Sue Herera.
UPDATE 1-Facebook's ascent has investors betting on more gains NEW YORK, July 28- Investors in social media shares have zeroed-in on Facebook Inc, piling into stock options to add bullish bets on the company in the days ahead of its Wednesday earnings. The ascent has made Facebook one of the ten largest S&P companies in terms of market capitalization, with the stock now worth more than $260 billion- surpassing decades-old...
| By: Saqib Iqbal Ahmed
UPDATE 1-Coal and gas producer Consol Energy trims budget, dividend July 28- Coal and natural gas producer Consol Energy Inc lowered its 2015 budget for oil and gas operations by 13 percent to $800 million, the second cut this year, and slashed dividend as it struggles to cope with dismally low commodity prices. The Pennsylvania well, in the Utica shale field in Westmoreland County, had a 24- hour flow rate of more than 61 million...
| By: Anet Josline Pinto
Falling demand for linked bonds shows investor doubt about ECB policy LONDON, July 28- The rout in global commodities prices is hitting demand for euro zone inflation-linked bonds and testing investors' faith in the European Central Bank's ability to lift consumer prices. Investor cash into exchange traded funds tracking euro zone inflation-linked bonds was just $73 million in the second quarter, down from $400 million poured...
| By: Emelia Sithole-Matarise
Puerto Rico default Q&A: 'Sell right now' As another key debt payment date closes in, here's a primer on what you should know, and who it will impact the most ahead of this week's deadline.
| By: Dawn Giel
Facebook's ascent has investors betting on more gains NEW YORK, July 28- The big selloffs in shares of social media companies last quarter following weak results seem to be brushed under the carpet this earnings season as investors focus instead on the success of Facebook Inc.. The rapid ascent has made Facebook one of the ten largest S&P companies in terms of market capitalization, with the stock now worth more than...
| By: Saqib Iqbal Ahmed
In Tech: New Motorola smartphones; faster future memory chip "We're about delivering great mobile user experiences at a price that doesn't break the bank," Motorola President Rick Osterloh said in an interview. Motorola, which Lenovo bought from Google last year, said the new Moto G will retail in the U.S. for about $180 without a contract. Motorola hasn't announced prices for the Moto X models, but they are expected to be a few...
Source: The Associated Press
| By: By ANICK JESDANUN, AP Technology Writer
Why US may not help Puerto Rico Here's why Congress is unlikely to get involved in Puerto Rico's debt problems, says Stephen Myrow.
| By: Stephen A. Myrow, managing partner at Beacon Policy Advisors