Grammar for Bloggers: Possessive or Plural?

Today’s article comes from Autoblog.  Here’s the line that prompted a post:

The economy appears to be swooning, and before we land softly (or crash hard), company’s have begun to circle their wagons and reduce unnecessary spending.

Leaving aside the questionable sentence construction, let’s address the apostrophe problem in the word "company’s".  The correct plural of "company" is "companies".  You can, if you want, use an apostrophe to indicate plurals of letters or numbers: mind your p’s and q’s, x’s and o’s, crazy 8′s, and so forth.  That’s not a hard and fast rule, however; there’s some disagreement among the Masters of Grammar (such as they are). 

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