Come this Monday, September 24, managed health care plan provider UnitedHealth Group will become one of the 30 companies that are used to calculate the Dow Jones Industrial Average. The […]
Omnicom Group subsidiary Zimmerman Advertising announced the appointment of Michael Goldberg as CEO. Already a familiar face at the firm, Goldberg was chief marketing officer at Zimmerman from 2003 to 2011. Most recently he was partner and CMO for Interpublic‘s Deutsch, Inc. Goldberg fills a spot left vacant when CEO Pat Patregani left in July, when the company also lost CFO Mike Schweiger and business development VP Fred Zuckerman.
September 8, 2014
In an update last week, D&B Editor Lynett Oliver discussed the financial success of implantable medical device maker Medtronic. The company reported 3% growth in fiscal 2013, hitting nearly $17 billion in sales. Medtronic is increasingly relying on international growth, with markets outside the US accounting for 45% of total revenue that year. In a big move to expand its global footprint, it has agreed to acquire fellow medical device maker Covidien for some $43 billion. The deal will also allow Medtronic to move its headquarters from the US to the more tax-friendly Ireland. Follow Lynett on Twitter.
An extended drought in Spain, the world’s top olive oil producer, is expected to shrink the country’s 2014 olive harvest by as much as 40 percent in some areas and will likely lead growers to raise prices. That increase would ripple out to manufacturers of salad dressings and other olive-oil products, as well as grocery retailers and consumers, according to The Wall Street Journal. This year’s dry, hot weather comes on the heels of a drought during the 2012 growing season that drove up the farm price of Spanish olives by about 30 percent. Find other industry trends in our Seasoning and Dressing Manufacturing profile.