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Household and Personal Products Household Products

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  • Aug 25- Russia's consumer safety watchdog Rospotrebnadzor said it had asked retailers to withdraw some batches of detergents made by foreign companies including Henkel& Co and Procter& Gamble as they did not meet toxicological safety criteria. Russia banned many food imports from the European Union and the United States last year in retaliation to their...

  • BOOK CLIFFS, Utah— On a remote Utah ridge covered in sagebrush, pines and wild grasses, a Canadian company is about to embark on something never before done commercially in the United States: digging sticky, black, tar-soaked sand from the ground and extracting the petroleum. Across the rolling green hills of the Book Cliffs of eastern Utah, about 165 miles from Salt...

  • Inside Method soap's headquarters Tuesday, 18 Aug 2015 | 1:23 PM ET
    Inside Method soap's headquarters

    Method emerged as a startup, and is taking on big companies to sell soap, dish washing detergent and cleaning products. CNBC goes inside the San Francisco headquarters.

  • Aug 14- Department store operator J.C. Penney Co Inc reported a 2.7 percent rise in quarterly revenue, helped by higher sales in its home and fine jewelry categories and at the Sephora departments in its stores. The company's net loss narrowed to $138 million, or 45 cents per share, in the second quarter ended Aug. 1, from $172 million, or 56 cents per share, a year earlier.

  • *Egypt overturned week-old ban on cotton imports in July. SHUBRA KHEIT, Egypt, Aug 11- Standing waist deep in a cotton field, Egyptian farmer Mohamed Khalil cannot mask his anger; after the agriculture ministry banned cotton imports to help local producers, the cabinet abruptly vetoed the idea- the latest in a series of economic policy U-turns and delays under...

  • FRANKFURT, Aug 5- Nivea cream maker Beiersdorf expects higher prices and new products to boost sales towards the end of the year, after slow business in its important Western European markets held back sales growth in the first half. The world's second-biggest skincare products maker has gradually increased prices for its creams, shower gels and deodorants...

  • FRANKFURT, Aug 5- Beiersdorf reported better than expected profits on Wednesday, thanks to rising sales of its Nivea and Eucerin skin creams, the weaker euro and lower costs, and said sales growth should accelerate in the second half, lifting its share price. "Even though CEO Heidenreich's dynamic strategy/push for top-line growth seems to be failing... we expect...

  • WASHINGTON, Aug 4- New orders for U.S. factory goods rebounded strongly in June on robust demand for transportation equipment and other goods, a hopeful sign for the struggling manufacturing sector. The Commerce Department said on Tuesday new orders for manufactured goods increased 1.8 percent after declining 1.1 percent in May. Those factors have eroded the...

  • WASHINGTON, Aug 4- New orders for U.S. factory goods rebounded strongly in June on strong demand for transportation equipment and other goods, a hopeful sign for the struggling manufacturing sector. The Commerce Department said on Tuesday new orders for manufactured goods increased 1.8 percent after a revised 1.1 percent decline in May.

  • *Spending in shops up 2.5 percent in first half. *Annual retail sales soar by 5.1 percent in June. BERLIN, July 31- German retail sales recorded their strongest first-half increase in at least 20 years, data showed on Friday, strengthening expectations that private consumption will be a major growth driver for Europe's largest economy this year.

  • Procter & Gamble sales fall for sixth straight quarter Thursday, 30 Jul 2015 | 7:08 AM ET

    July 30- Procter& Gamble Co, the world's largest consumer products maker, reported its sixth straight fall in quarterly sales, as it continued to be weighed down by a stronger dollar that stripped the value of overseas sales. The company's net income fell 80 percent to $521 million, or 18 cents per share, in the fourth quarter ended June 30, the maker of Tide detergent...

  • P&G says David Taylor to replace A.G. Lafley as CEO Tuesday, 28 Jul 2015 | 5:51 PM ET

    July 28- Procter& Gamble Co veteran David Taylor will replace A.G. Lafley as chief executive in a widely expected move that coincides with a massive overhaul at the world's largest household products maker. To rejuvenate growth, P&G has been streamlining its business and earlier this month said it would sell more than 40 brands to perfume maker Coty Inc for $12.5...

  • UPDATE 1-P&G to name David Taylor CEO - WSJ Monday, 27 Jul 2015 | 6:28 PM ET

    July 27- Procter& Gamble Co will replace Chief Executive A.G. Lafley with company veteran David Taylor in a widely expected appointment that could come as soon as Thursday, the Wall Street journal reported. The announcement from P&G, the world's largest household products maker, is pending a board meeting scheduled for Tuesday, the WSJ said, citing a person...

  • *CEO says increasingly worried about, China, Russia, LatAm. FRANKFURT, July 27- Philips reported higher quarterly medical equipment sales and improved margins in its consumer and lighting businesses on Monday but cautioned that growth was slowing in China and other emerging markets. Chief Executive Frans van Houten said in a statement he was encouraged by...

  • LONDON, July 27- British consumer goods maker Reckitt Benckiser increased its full-year net revenue and margin targets on Monday, after posting a better-than-expected second quarter performance. The maker of Durex condoms, dettol disinfectant and nurofen painkillers, said that in the six months to June 30 sales rose 5 percent on a like-for-like basis, which...

  • Sterling slid half a cent against the dollar after the Office for National Statistics reported a 0.2 percent fall in June retail sales on Thursday, prompting traders to reconsider bets on a Bank of England rate rise before the end of the year. "The retail sales numbers are slightly disappointing relative to consensus... may take some wind out of the sails of an...

  • July 16- Shares of U.S. deep discount retailer Ollie's Bargain Outlet Holdings Inc, known for the catch phrase "good stuff cheap," rose as much as 43.7 percent in their debut, valuing the company at up to $1.31 billion. The stock was priced at $16 per share, above the top end of the expected price range of $13- $15. Private equity firm CCMP Capital Advisors LLC holds about 61...

  • Shares of discount retailer Ollie's Bargain rise in debut Thursday, 16 Jul 2015 | 10:45 AM ET

    July 16- Shares of U.S. deep discount retailer Ollie's Bargain Outlet Holdings Inc, known for the catch phrase "good stuff cheap", rose as much as 43.7 percent in their debut, valuing the company at up to $1.31 billion. The stock was priced at $16 per share, above the top end of the expected price range of $13- $15. JPMorgan Securities, Jefferies, Merrill Lynch, Pierce, Fenner&...

  • UPDATE 3-Coty buying P&G beauty business for $12.5 bln Thursday, 9 Jul 2015 | 4:16 PM ET

    July 9- Coty Inc, the U.S. maker of Calvin Klein and Chloe perfume, will buy Procter& Gamble's perfume, hair care and make-up businesses for $12.5 billion in the biggest cosmetics merger in recent history. Coty would become the No. 1 perfume maker ahead of L'Oreal and No. 3 make-up provider behind its French rival and Estee Lauder. "We are getting critical mass around the...

  • *Orders fall by 0.2 percent on the month. BERLIN, July 6- German industrial orders fell less than forecast in May as a modest rise in foreign demand took the sting out of a decline in domestic bookings, the Economy Ministry reported on Monday. Orders for goods made in Germany decreased by 0.2 percent on the month, the data showed.