U.S. Day Ahead: P&G CEO faces new hurdle with earnings
Thursday, January 24, 2013 - 02:29
Jan. 24 - Proctor & Gamble boss Bob McDonald's job could be on the line when the company reports earnings. Activist investor Bill Ackman has criticized him for mismanaging the company.
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You're ready for another battle great Al activist investor bill act men verses Procter & Gamble -- Bob McDonald. And that you know. Big news for CEO McDonnell that I can be even more of a target for act and -- my anger out leverage with about two billion dollars of share has reportedly asked the company to fire McDonald from his management. He never to watch in the resolve. To do with cost cutting he did you want to act 5700. Jobs by June. Also there -- -- The company -- to ride reaching two to 4%. Is here he is up 4% from the start of last year really changed -- and involvement. One time however investors wanna know of that company can overcome a slowdown in the US energy sector when it reports results. It's an important market the US makes up over half of Halliburton sales and profits are -- All from last year because of a slowdown in drilling as Nat gas prices remain depressed in the number of natural gas rigs have -- -- thirteen year low. The company hasn't fully acquitted off the market until prices improve. And stock is up over 10% since January 2012. Sure and expected to subtle with the US government over its involvement in the gulf oil spill in twenty. I did -- is 380000. That's how many new home sales we could see in December a fresh two and a half year high. I have. 360000. That would be -- That would mean the market for nearly Eleanor Holmes has actually been stuck in neutral -- And don't miss our live coverage of day three of the World Economic Forum in Davos. We have a one and a half hours that's on Reuters dot com any insider -- top executives and policy makers. I think the head of the world's largest -- you're WPP's Martin Sorrell the vice chair of General Electric John rice. They -- Israel governor Eliot Spitzer and the Secretary General of the United Nations Ban Ki Moon. Did you catch us on Twitter -- -- against tighter and we've got lots of great videos on Reuters dot com slash -- eat I'm putting on -- --
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