Chewing-gum maker Wrigley has named a new CEO. William Perez, formerly of Nike, will take over the Chicago-based candy empire. After four generations in the Wrigley family, this is the first time an outsider will lead the company.
STEVE INSKEEP, host: In business news, going from just do it to just chew it.</s>STEVE INSKEEP, host: The chewing-gum maker Wrigley has named a new CEO. William Perez -formerly of Nike - will take over the Chicago-based candy empire. After four generations in the Wrigley family, this is the first time that an outsider will lead the company.</s>STEVE INSKEEP, host: Ford posted a third quarter loss of $5.8 billion. That's due to sluggish sales and big restructuring costs. It brings the company's losses in the first three quarters of this year close to it's largest annual loss ever, which would be 7.3 billion back in 1992. And by the way, the last Ford Taurus rolls off the assembly line on Friday. The buyer will be Truett Cathy, founder of Chick-fil-A Restaurants. He credits Ford workers for making his first restaurant a success when he opened it across the street from a Ford factory back in the 1940s -back when American auto companies made money.