Unilever Scraps Its Two-CEO System
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Unilever, which makes Lipton Tea, Dove Soap and Ben &amp; Jerry's Ice Cream, announced plans to restructure and get rid of one of its two chief executives after reporting weak sales growth and a net loss in the fourth quarter.
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Dairy Crest is to stop supplying fresh milk to Tesco, after the country&#39;s largest supermarket chain cut its milk suppliers to two.
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Unilever, the world&#39;s largest maker of food and soap, cut its full-year earnings forecast after sales of ice cream and cold drinks slumped in Europe and demand for beauty and laundry products slowed.
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A change of CEOs doesn't justify the sell-off.
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Some companies have ousted their CEOs for merely being around during stock option scandals. Those companies weren't led by Steve Jobs.
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The food and consumer goods giant Unilever today delivered disappointing news to shareholders as it cut its annual profit growth forecast.
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AMSTERDAM  Â Unilever, the maker of consumer products like Dove soap and Ben & Jerryâs ice cream, reported a sharp decline in its fourth-quarter profit on Thursday, compared with results a year ago when it sold a business.
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France and Germany scrapped on Monday a cumbersome dual management structure at European aerospace group EADS in a shakeup aimed at pulling the politically-charged giant out of crisis.
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European stocks declined, led by food and beverage companies including Cadbury Schweppes Plc and Groupe Danone SA after Unilever, the world&#39;s largest maker of food and soap, cut its full-year earnings forecast.
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Premier Foods Plc pulled out of a   1.7-billion-pound ($3.2 billion) takeover battle for Britain's   United Biscuits on Thursday, leaving U.S. buyout giant   Blackstone Group as the sole known contender.
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First it was the CEO, and now the CFO has left, too. What should shareholders be thinking?
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Hewlett-PackardÂs longtime chief financial officer, Robert P. Wayman, will give up the post and his seat on the companyÂs board at the end of the year.
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Coca-Cola ended a five-year battle with the European Union yesterday, agreeing to change the sales practices that helped to make it so successful.
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Auto giant Ford Motor confirmed Wednesday that it is abandoning its Oracle-powered online procurement system in favor of technologies it had used previously.
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The parent of Airbus is abandoning its twin-chief executive structure, with Louis Gallois taking the companyâs reins, Tom Enders, co-chief of EADS, said.
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Unilever will this Thursday admit that its $2.6bn ( 1.4bn) acquisition of Slim-Fast in 2000 was a failure by writing off nearly half the value of the diet foods business.
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Unilever today announced that it was closing a Birds Eye frozen ready meal factory in Grimsby with the loss of 600 jobs. The consumer products giant said the decision to shut the Lincolnshire plant had followed