P&G Employs Crowdfunding and 2 Dow Movers to Follow
Merck & Co. (NYSE:MRK): Current price $40.86
Merck now agrees in principle with plaintiffs in settling two federal securities class-action lawsuits that are pending in the United States District Court for the District of New Jersey against Merck, Schering-Plough Corporation and certain current and previous officers and directors. Through the terms, which will have no impact on Merck’s 2013 results of operations, it will pay $215 million to resolve the securities class action against all of the Merck defendants and $473 million to settle the securities class action against all of the Schering-Plough defendants.
Microsoft Corporation (NASDAQ:MSFT): Current price $27.99
Nat Brown, who was one of the original developers of the Xbox, predicted that a game-enabled Apple TV would probably kill off traditional game consoles, according to Apple Insider. Brown explained that Xbox’s critical problem is that it has no platform for small developers to sell non-disc content through the base of Xbox customers in the same manner that Apple does via its iPhone.
Procter & Gamble Co. (NYSE:PG): Current price $76.74
General Mills (NYSE:GIS) and Procter & Gamble are utilizing their collaborations with a “crowdfunding” site to learn more about consumer-packaged goods start ups, says the Wall Street Journal. Each firm recently partnered with CircleUp Network, a San Francisco company that links consumer-goods start ups to individual investors on the Web. In addition, CircleUp is supplying trend reports to both parties regarding startups in 18 categories, among which include pet foods, beverages, snack foods and infant products.