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Latest Business News: Procter & Gamble Brings Back A.G. Lafley as CEO
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23 May 2013 08:15 PM EST

Procter & Gamble brings back A.G. Lafley as CEO

The world's lagest consumer goods maker, Procter & Gamble says it is replacing CEO Bob McDonald with former CEO A.G. Lafley, effective immediately. Lafley, 65, served as CEO from 2000 to 2009. He will also take the chairman title.

Challenging to the Fed's Conclusions 

Ben Bernanke--academician that he is--runs the Federal Reserve more like a dean of a faculty than a CEO, or a Greenspan. That means plenty of debate, give and take, conflicting opinions and even open dissent is tolerated and even encouraged by the Chairman.

Markets face rough summer ride as Fed pullback feared

For the past few months, the U.S. Federal Reserve has been squarely in the financial markets' corner, thanks to its massive dollops of monetary stimulus. But signs that the central bank is discussing reducing that support by purchasing fewer bonds mean that trading is likely to get bumpier in coming months.

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