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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 13, 2012
Page
5
The Dow rose 181 points as China's stronger loan data and Italy's 6.4 billion dollar bond sale eased fears of a debt crisis. European indexes turned higher and the Dow closed at 12,986.58 while Google postmarket earnings beat forecasts.
Google reported a 61 percent jump in net income for the first quarter and unveiled a 2-for-1 stock split to retain voting power with current holders. A new non voting Class C stock will be issued to shareholders and future employee grants. CEO Larry Page and Sergey Brin warn that without this change senior leadership would lose voting control.
Skittles carried by Trayvon Martin amid his death sparking protests and a broader look at how brands ride big news. Mars unit Wrigley offered condolences and avoided commenting on commercial gain while examples from Doritos to Twinkies show branding’s limits in crises.
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