Proctor & Gamble Teams Up With Hockey Canada and 2 Other Dow Movers to Watch
Procter & Gamble Co. (NYSE:PG): Current price $78.74
On Thursday, Proctor & Gamble joined forces with Hockey Canada in a four-year national partnership. Through the terms, P&G will support the advancement of hockey in Canada from grassroots to high performance programming, including sponsorship of such events as the World Sledge Hockey Challenge, National Women’s Under-18 Championship, World Junior A Challenge, World Under-17 Hockey Challenge, TELUS Cup — Canada’s National Midget Championship, Esso Cup — Canada’s National Female Midget Championship, and RBC Cup — Canada’s National Junior A Championship.
Goldman Sachs Group Inc. (NYSE:GS): Current price $157.91
Bond-trading revenue dropped sharply at Goldman Sachs in the third quarter because the Federal Reserve said that it would stick to its current stimulus policy, dampening investor interest for trading. Goldman reported Thursday that revenue from trading fixed-income, currency, and commodity products for clients, one of its top businesses, plunged by 44 percent in the quarter. The company thus slashed employee compensation costs by 35 percent during the quarter, reflecting the bank’s worries about performance for the rest of 2013. Leaving out an accounting adjustment, the drop was 47 percent, much sharper than those posted by its peers.
The Travelers Cos. Inc. (NYSE: TRV): Current price $85.69
Travelers on Thursday announced a voluntary “Odd-Lot” sale and purchase program, though which shareholders who own fewer than 100 shares of common stock may either sell all of their shares or buy sufficient additional shares to increase their holdings up to 100. This voluntary program is being conducted by Georgeson Inc. and provides an alternative to purchasing or selling less than 100 shares through a brokerage firm or other method. The program expires November 15, unless extended by Travelers.