Wednesday, April 7, 2010 as of 11:14 AM ET
Procter & Gamble Co.
(PG) cut its outlook for the fiscal year on a recent slip in demand in developed markets and the need to backtrack on price increases in a half-dozen business lines, mostly in the U.S.Price controls in Venezuela, which required price cuts of up to 25% on certain P&G products, also will weigh on results in what is currently a billion-dollar market for the company.For the year ahead, the company lowered its full-year profit target to $3.82 to $3.88 a share. It had previously forecast earnings of $3.93 to $4.03 a share.The lowered view, with fiscal 2012 per-share earnings seen flat to down 1%, once again disappointed investors, sending shares down 3.3% in recent trading to $64.69. It came after P&G reported a 16% drop in third-quarter earnings, when the company continued to deal with high commodity costs and took charges related to restructuring plans.The outlook also raised questions as to whether P&G can capably confront such challenges and fend off competitors whil...By Jessica WohlCHICAGO (Reuters) - Top Procter & Gamble Co <PG.N> executives can expect to be peppered with questions about an impending restructuring when they spea...
Procter & Gamble (NYSE:PG) beat the Street with a 15% jump in fiscal fourth-quarter profits, but the maker of Crest toothpaste and Duracell batteries revealed a tepi...
By Jessica WohlCHICAGO (Reuters) - Procter & Gamble is changing how it makes its Pampers Cruisers and removing the words "Dry Max" from the package, a year after a h...
NEW YORK -(Dow Jones)- Higher commodity costs will dent Procter & Gamble Co. (PG) earnings by $1 billion in current fiscal year, double what it expected earlier.P&G'...
NEW YORK -(Dow Jones)- Procter & Gamble Co.'s (PG) fiscal second-quarter sales and volume grew on strong demand from developing regions, while margins were hurt by h...
The top executive of Procter & Gamble (NYSE:PG) will take corporate America's case for a lower tax rate to U.S. lawmakers on Thursday, and also call for an end to ta...
FBN’s Adam Shapiro on Procter and Gamble CEO Bob McDonald ’s concerns about the Obama Administration.
Hudson Institute Senior Fellow Diana Furchtgott-Roth argues there should be a broad payroll tax cut for every company divided between workers and employers.
Unemployment hits 10.2%, the highest in more than 26 years.Job losses are now approaching a two-year stretch of back-to-back quarterly losses.So are government offic...
November 06, 2009 2:20 PM A Weak $ Does Not Create Jobsby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome No votes yetComments »Unemployment hits 10.2%...
November 6, 2009 02:20 PM UTC by Elizabeth MacDonaldA Weak $ Does Not Create JobsUnemployment hits 10.2%, the highest in more than 26 years.Job losses are now approa...
Consumer products giant Procter & Gamble (NYSE:PG) disclosed a 16% slump in fiscal third-quarter profits on Friday and downgraded its full-year earnings guidance bel...
Procter & Gamble Co. (PG) identified $10 billion in costs it can cut from its global operations over the next four years by reducing overhead, taking costs out of it...
Kellogg (NYSE:K) snatched Procter & Gamble’s (NYSE:PG) Pringles division in a $2.7 billion deal on Wednesday after a planned sale to Diamond Foods (NASDAQ:DMND) was ...
FBN's Adam Shapiro with news that Proctor & Gamble is laying off 1,600 workers, mostly from its marketing division, to shift advertising online, plus a market update.
Procter & Gamble Co. (PG) expects profits to improve in the coming months as commodity cost comparisons start to ease and higher prices lift sales, but earnings for ...
Procter & Gamble (NYSE:PG) said its second-quarter profit fell 49% and sales missed Wall Street expectations, as rising commodity costs and other charges wiped away ...
Procter & Gamble (NYSE:PG) revealed on Thursday its profits shrank by an in-line 2% last quarter and the company issued a tepid forecast for the current quarter.The ...
