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Procter & Gamble Co. (NYSE:PG) is consulting with financial and communications advisers to help deal with its activist investor Bill Ackman, as he increases his demands to sack executives or assets, report sources. Last week, Ackman’s Pershing Square made a massive investment into the company and will probably pressure for a management change and large asset divestitures, say other sources to Bloomberg.
Wal-Mart Stores Inc. (NYSE:WMT): Under terms of a legal resolution among merchants and credit card companies, the former may begin to offer discounts to customers who pay with cash or checks, while others are considering offering such discounts, says The New York Times.
Exxon Mobil Corp. (NYSE:XOM): In New York, oil edged close to its highest level in seven weeks, on estimates that domestic supplies dropped last week, worries over Iranian tensions, and indications the Fed might increase stimulus measures, according to Bloomberg.
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