Consumer Biz Rewind: New Oriental REBOUNDS, Proctor & Gamble Goes To SPAIN
New Oriental Education & Technology Group, Inc. (NYSE:EDU) shares regain some of the week’s losses, on word that it is forming an independent special committee to review allegations originating in the report issued this week by Muddy Waters.
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Twelve persons were killed and dozens wounded earlier Friday in an Aurora, Colorado theater during a showing of The Dark Knight Rises, by a lone shooter. Fearing copycats, Time Warner, Inc. (NYSE:TWX) has cancelled this weekend’s Paris premiere of the film, and police in New York City are providing extra security at theaters. Cinemark Holdings, Inc. (NYSE:CNK) owns the theater where the shooting took place, and its shares have fallen Friday, along with those of Imax Corporation (NASDAQ:IMAX).
Procter & Gamble Co. (NYSE:PG) acquires the remaining 50 percent investment of a joint venture with Spain’s Agrolimen Group at a price of $1 billion, which is a purchase that the former says fits with its strategy shift to concentrate on its largest divisions, includiing feminine-care and baby-care products. Currently, the venture sells products such as Dodot diapers and Kandoo baby wipes in Portugal, Spain, and in other markets.
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