December 2, 1993 |
Advertising Spending: National Latino ad spending tops $720 million, according to Hispanic Business magazine, which released its annual Media Markets Guide on Wednesday. Advertisers directed $721.5 million in ad dollars to Latino consumer-targeted print, radio and television in 1993, the magazine reported. Emerging as the most active in that market were Procter & Gamble, Anheuser-Busch Inc., McDonald's Corp., Coca-Cola Co., Philip Morris Cos. Inc. and Colgate-Palmolive Co.
November 1, 2002 |
The California Supreme Court sent a former smoker's suit against Philip Morris Cos. Inc. back to the appellate level for review. The move comes months after the court handed the tobacco industry a partial victory in a verdict that gave cigarette makers some protection from smoker lawsuits. The case going back to the appellate court was brought by Patricia Henley, who has inoperable lung cancer. She was awarded $1.
June 24, 1986 |
Philip Morris Cos. Inc. announced today it has ended its agreement to sell Seven-Up to Pepsico Inc. for $380 million. The announcement follows the Federal Trade Commission's decision on Friday to attempt to block that deal as well as Coca-Cola Co.'s proposed $470-million acquisition of Dr Pepper Co. The agency cited fears that the takeovers would reduce competition in the distribution and sale of soft drinks.
May 6, 1992 |
Kraft to Cut 1,000 Salaried Jobs: Kraft General Foods Inc. said it will cut 1,000 salaried jobs from its U.S. operations to reduce costs and boost profits at a time of intense food price competition. The giant food maker said it offered early retirement to 1,200 employees and expects most of the job reductions to come through that program and attrition. Some jobs may be eliminated outright to reach the target, said a spokesman at the company's Glenview, Ill., headquarters near Chicago.
August 29, 1995 |
A survey of the 100 highest-paid in-house corporate lawyers shows that the biggest salaries and bonuses in 1994 went to the top legal officers at Merrill Lynch & Co., Viacom Inc. and RJR Nabisco Holdings Corp. The survey, which appears in the September issue of Corporate Counsel magazine, reports that Stephen Hammerman at Merrill Lynch was at the top of the list with total cash compensation of $2.80 million. He was followed by Philippe Dauman at Viacom, who made $2.