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  • P&G's quarterly profit falls 31 pct Tuesday, 27 Jan 2015 | 7:19 AM ET

    Jan 27- Procter& Gamble Co, the world's largest household products maker, reported an about 31 percent fall in quarterly profit, hurt by a stronger dollar. Net profit attributable to the company fell to $2.37 billion, or 82 cents per share, in the second quarter ended Dec. 31, from $3.43 billion, or $1.18 per share, a year earlier. P&G derives roughly two-thirds of its...

  • In a likely sign of things to come from a number of companies this results reporting season, Ford Motor Co on Friday said it was taking a pre-tax charge of $800 million for its Venezuela business. Ford also said that it was unable to maintain normal production in Venezuela with the availability of vehicle parts constrained. Kimberly-Clark blamed increased...

  • UPDATE 2-Unilever sees no improvement after weak 2014 Tuesday, 20 Jan 2015 | 5:51 AM ET

    LONDON, Jan 20- Consumer goods group Unilever expects another sluggish year, after a slowdown in emerging markets and flagging developed economies curbed demand for everything from soup to soap in 2014.. Unilever makes more than half of its sales in emerging markets and so is particularly exposed to slowing demand in once fast-growing countries such as India...

  • Target workers, shoppers, dismayed at Canada pullout Thursday, 15 Jan 2015 | 1:57 PM ET

    TORONTO, Jan 15- Employees at Target Corp stores in Canada said they were stunned by the U.S. retailer's decision on Thursday to pull out of Canada, believing business had improved after an admittedly disastrous launch less than two years ago. I thought it was getting better, "said one Toronto Target employee who would only give her first name, Lima, for fear of...

  • Reuters reported in September that the world's No. 2 toymaker Hasbro Inc, along with household product maker Procter& Gamble Co, were at the heart of the tax probe. Officials at Hasbro and Procter& Gamble declined to comment. Mexico said in January it had launched an investigation of 270 companies for allegedly exploiting tax loopholes that have leaked income out...

  • Molina did not name the company, but Reuters reported in September that the world's No. 2 toymaker Hasbro, along with household product maker Procter& Gamble, were at the heart of the tax probe. Officials at Hasbro and Procter& Gamble also had no immediate comment. Mexico said in January it had launched an investigation of 270 companies for allegedly exploiting tax...

  • The watchdog announced sanctions totaling 345.2 million euros on cleaning products makers Colgate-Palmolive, Henkel, Unilever, Procter& Gamble, Reckitt Benckiser, Sara Lee, SC Johnson and Bolton Solitaire. It announced a further 605.9 million euros of fines relating to personal hygiene products against Colgate-Palmolive, Henkel, Unilever, Procter& Gamble,...

  • The watchdog announced fines of a total of 345.2 million euros against cleaning product manufacturers Colgate-Palmolive, Henkel, Unilever, Procter& Gamble, Reckitt Benckiser, Sara Lee, SC Johnson and Bolton Solitaire. It announced a further 605.9 million euros of fines relating to personal hygiene products against Colgate-Palmolive, Henkel, Unilever,...

  • New exclusive Amazon Prime line fuels partner fear Thursday, 4 Dec 2014 | 10:41 AM ET
    A worker prepares packages for delivery at an Amazon.com warehouse in Brieselang, Germany.

    Amazon's new line of diapers and baby wipes only raises merchants' fears it plans to compete directly with sellers on its site. Re/code reports.

  • YOUR MONEY-Tips for giving beyond Giving Tuesday Wednesday, 3 Dec 2014 | 3:08 PM ET

    The idea is catching on, with online donations for the day projected to surpass $40 million this year, up from $32 million in 2013, according to the Chronicle of Philanthropy. The panel included Ken Berger, head of Charity Navigator; Clam Lorenz, general manager for social innovation at PayPal; Chris Carnal, who head of fundraising at Fidelity Charitable; Kat...

  • Aging Europe needs the migrants it doesn't want Monday, 1 Dec 2014 | 3:00 AM ET

    PARIS, Dec 1- Europe is aging faster than any other region of the world. The "old continent" may be able to offset the impact of a graying workforce until around 2020 by bringing more women and elderly people into work, encouraging mobility within Europe and making better use of existing migrants, EU and OECD experts say. "If you close the door, you will pay an economic...

  • BUENOS AIRES, Nov 27- Argentina has charged HSBC with aiding more than 4,000 clients to evade taxes by stashing their money in secret Swiss bank accounts, the country's AFIP tax authority said on Thursday. AFIP said it received the information on the secret accounts from France, which last week placed HSBC's Swiss private banking arm under formal investigation...

  • BUENOS AIRES, Nov 27- Argentina has charged HSBC with aiding more than 4,000 citizens to evade taxes by stashing their money in secret Swiss bank accounts, the country's AFIP tax authority said on Thursday. AFIP said it received the information on the secret accounts from France, which last week placed HSBC's Swiss private banking arm under formal...

  • Steel is stockpiling extra iron ore ahead of what could be another record-long freeze-up of the Great Lakes. General Motors has built up inventories of critical parts at its plants and established a supply chain "crisis room" that will swing into action in the event of a major winter storm. But Whirlpool, General Motors, Ford Motor Co and Con-way, and other...

  • Steel is stockpiling extra iron ore ahead of what could be another record-long freeze-up of the Great Lakes. General Motors has built up inventories of critical parts at its plants and established a supply chain "crisis room" that will swing into action in the event of a major winter storm. But Whirlpool, General Motors, Ford Motor Co and Con-way, and other...

  • For billionaire Warren Buffett, P&G's tide has crested Thursday, 13 Nov 2014 | 5:38 PM ET

    NEW YORK, Nov 13- Procter& Gamble Co., one of Warren Buffett's top portfolio holdings, is about to lose the billionaire's influential backing at a time when it appears the company's own fortunes have peaked. Thursday's agreement by Buffett's Berkshire Hathaway Inc. to turn over the $4.7 billion in shares it owns in the world's largest consumer products company...

  • Nov 13- Warren Buffett's Berkshire Hathaway Inc said it would buy Procter& Gamble Co's Duracell battery business in exchange for its entire $4.7 billion stake in the world's No. 1 household products maker. "I have always been impressed by Duracell, as a consumer and as a long-term investor in P&G and Gillette," Berkshire Hathaway Chief Executive Warren Buffett...

  • The European staples resisting Russia's downturn Thursday, 13 Nov 2014 | 2:20 AM ET
    A Carlsberg advertisement

    Fears that Russia's economic downturn will ravage European multinationals may have been overstated in some cases, with companies that sell beer and soap defying expectations.

  • *Worst of Russia pain, rouble slide still to come. Whether due to' recession-proof' products or because the companies have been able to offset pain in Eastern Europe with growth elsewhere, brewer Carlsberg and detergent-and-cosmetics group Henkel are among firms whose third-quarter results beat market forecasts, despite their exposure to Russia.

  • Detergent pods pose poisoning risk to children  Tuesday, 11 Nov 2014 | 11:00 AM ET

    Laundry detergent pods, that are sometimes mistaken for candy or toys, have accidentally poisoned thousands of children, according to a new study.