In the News: P&G, Shell, Kraft & more

Global markets swoon after yesterday’s disaster on Wall Street.

Borden steps out with “Friends of Elsie” campaign.

Comcast and DirecTV engage in legal battle over advertising about NFL broadcasts.

Discovery Communications continues with upbeat reports.

Dodge leverages NASCAR to tout new Durango.

Dunkin’ Brands to boost prices to cover commodity-cost increases.

General Motors burnishes Opel brand in Europe.

Hyatt and Absolut sponsor GayCities program.

Kraft was moved by shareholder activists toward split-up.

Niagara Falls may return to its daredevil past.

Nissan launches sustainability game.

Pepsi takes active role in Simon Cowell's The X Factor.

Procter & Gamble delivers higher profit.

Shell gets tentative approval to drill in Arctic.

Sony comes under PlayStation pricing pressure after Nintendo cuts.

Southwest posts higher profits but prepares for turbulence.

Verizon remains deadlocked in union talks.

Wells Fargo sued on alleged mortgage practices.

& President Obama turns 50 years old as the stock markets and economy refuse to celebrate with him, although the unemployment rate dipped slightly.