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P&G, Cramer Puzzled by Market Plunge

Posted by Shirley Brady on May 6, 2010 05:37 PM

As the Dow took investors on a wild ride today, Procter & Gamble and CNBC's Jim Cramer (above) were thrown by a brief 23% dip (likely a trading glitch) in P&G's share price today. P&G (and this doctor) also refuted any charges about Pampers Dry Max as—well—rash.

BP has turned to Twitter and Facebook to report progress on its oil spill clean up efforts. It also created a Gulf of Mexico response section on its website, highlighted in bright red on its home page top nav.

Facebook tests brand status updates as McDonald's develops location-based app.

Nintendo reports slowing Wii sales.

FCC detailed proposed US broadband rules.

Bayer gets green light on new birth control pill.

Buick plans to add three models, touts branding success.

Napster integrates Twitter, Facebook and YouTube.

North Face fined by EPA for shoe claims.

Visa plans contactless mobile payments for iPhone users.

Auto industry balks at proposed law to levy higher safety fines.

US fast tracks green technology patents.

Retailers are grappling with "too little product."

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