Ford Hits a Roadblock in Europe

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At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know. In today's video, we cover the following:

  • Oshkosh (NYS: OSK) faces a proxy battle with activist investor Carl Icahn, as he seeks to add six directors to Oshkosh's board.
  • Procter & Gamble (NYS: PG) reported revenue of $22.1 billion for its second quarter. However, the consumer goods giant lowered its forecast for fiscal 2012, joining rival Kimberly-Clark (NYS: KMB) .
  • 3M (NYS: MMM) is reportedly facing a leadership struggle. The company's directors are split on whether to keep current CEO George Buckley at the helm or find a replacement when his contract term expires next month. 
  • Ford (NYS: F) benefited from a one-time tax gain, but the company's bottom line was dragged down by losses in its European division.

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At the time this article was published Fool contributor Tamara Rutter does not own shares of any companies mentioned in this video. Follow her on Twitter for more Foolish news @TamaraRutter. The Motley Fool owns shares of Ford. Motley Fool newsletter services have recommended buying shares of Procter & Gamble, 3M, Ford, and Kimberly-Clark, as well as creating a synthetic long position in Ford and a diagonal call position in 3M. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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