Facebook’s movie pages have an offer for visitors
Movie rentals are coming to Facebook. Warner Bros. says it is testing a service that will offer select movies for purchase or rental through the public pages of the movies on the world’s largest online social network.
Starting Tuesday, people who clicked “like” on the Facebook page of “The Dark Night” will be able to click a “rent” icon and pay 30 Facebook credits, or $3, to watch the movie.
The offering is available only to people in the U.S. Warner Bros says it will add other movies in coming months. Renters will have access to the movies for 48 hours.
Ford’s two top executives rewarded for performance
Ford Motor Co.’s top two executives received nearly $100 million worth of stock for their performance during 2009 and 2010, years in which the company’s profits and stock price surged.
The awards, disclosed in regulatory filings late Monday, are considered excessive by some Ford assembly line workers. But Wall Street may not see it that way. Ford’s stock price rose 3 percent on Tuesday.
CEO Alan Mulally, credited with propelling the company from staggering losses a few years ago to profits of $2.7 billion in 2009 and $6.6 billion last year, received stock valued at $56.5 million before taxes.
The man who hired Mulally, Executive Chairman Bill Ford Jr., got stock worth $42.4 million, according to paperwork filed with the U.S. Securities and Exchange Commission.
Salaries and other compensation were not listed and will be revealed later this year.
The Dearborn, Michigan, company was in financial peril late in 2006 when Bill Ford removed himself as CEO and hired Mulally away from Boeing Co. Ford Motor Co. lost $12.6 billion that year.
February at McDonald’s better than last year
McDonald’s says higher global demand, especially in Europe, boosted sales in February.
Revenue at company-owned and franchised restaurants open at least 13 months grew 3.9 percent, more slowly than January’s 5.3 percent. McDonald’s stock fell 88 cents in midday trading to $75.41.
The monthly sales figure is a snapshot of the dollar value of food sales at all McDonald’s restaurants. McDonald’s corporate revenue, reported quarterly, includes only revenue at company-owned stores plus fees and rents paid by franchisees.
Cold weather, smaller crop hiking prices at Tropicana
Tropicana says it will increase the price of some of its juices by 4 to 8 percent to cope with higher costs tied to the impact of cold weather on citrus crops in Florida.
The juice maker, which is owned by PepsiCo Inc., is the largest purchaser of Florida fruit and juice.
The company said Tuesday that it is coping with two extreme freezes, the coldest December on record and a smaller-than-expected crop for second year in a row.
A report released this week by the U.S. Department of Agriculture this week shows that orange production is down in Florida but the full impact of the cold weather won’t be known until June.
Febreze joins P&G’s billion-dollar brand club
The Procter & Gamble Co. says Febreze air fresheners have joined its billion-dollar brand club.
Spokesman Lee Bansil said Tuesday that Febreze revenue over the past 12 months hit $1 billion.
That gives P&G 24 brands that bring in revenue of $1 billion or more. The company has sold off two others — Folgers coffee and Actonel osteoporosis treatment — in the past three years.
Febreze officials have said sales held up during the recession as people spent more time at home, giving them more reason to care about how their homes smelled.
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