In January, Mexico said it had launched a probe of 270 companies, with a focus on seven, for allegedly exploiting legal tax loopholes that have leaked income out of Mexico for years. Reuters reported last month that the world's largest household products maker, Procter& Gamble, and No. 2 toymaker, Hasbro, were at the heart of the probe, which could cost the firms...» Read More
Aug 1- Procter& Gamble Co, the world's largest household products maker, said it could sell about half of its brands in the next two years and cut jobs to revive sales growth and save costs, sending its shares up as much as 4.3 percent. Twenty-three of the brands have sales of between $1 billion and $10 billion. "Less will be much more," Chief Executive A.G. Lafley said.
*Core earnings $0.95/ shr vs est $0.91/ shr. Aug 1- Procter& Gamble Co, the world's largest household products maker, said it could sell about half of its brands in an effort to revive sales growth and cut costs, sending its shares up as much as 4 percent.
Aug 1- Procter& Gamble Co, the world's largest household products maker, reported a 37 percent rise in quarterly profit as its cost cutting efforts paid off and organic sales rose in its home care business.
Aug 1- Procter& Gamble Co, the world's largest household products maker, reported a 37 percent rise in quarterly profit, helped by lower operating costs. Net profit attributable to the company rose to $2.58 billion, or 89 cents per share, in the fourth quarter ended June 30, from $1.88 billion, or 64 cents per share, a year earlier.
TOKYO, July 31- Panasonic Corp confirmed on Thursday it would invest in U.S. electric carmaker Tesla Motors Inc's planned $5 billion lithium-ion battery plant in the United States, but said it had yet to decide on the size and timing of its investment.
July 30- Energizer Holdings Inc, known for its Energizer and Eveready batteries, reported a 26 percent fall in quarterly profit as household goods sales fell nearly 11 percent due to higher competition and the loss of two key retail customers.
July 30- Energizer Holdings Inc, the maker of Energizer and Eveready batteries, reported a 26 percent fall in quarterly profit as household goods sales fell nearly 11 percent due to higher competition and the loss of two key retail customers.
LONDON, July 29- Weak consumer spending and intense competition among retailers are forcing some makers of packaged goods to lower their prices, intensifying the threat of euro zone deflation.
SHANGHAI/ HONG KONG, July 29- With green-tea flavoured toothpaste and pickled plum juice, an army of Chinese retailers is tapping local tastes to whittle away market share from global rivals that are banking their future growth on the world's second-largest consumer market.
The Stoxx Europe Personal and Household goods sector was down 1.3 percent, the biggest sectoral faller, as other luxury firms with China exposure such as Richemont, Burberry and Kering also suffered. French companies Danone and Lafarge were both in negative territory after missing consensus forecasts.
*Amazon expected to expand food sales at home and abroad. BERLIN, July 8- Big retailers are taking a calculated hit to margins to invest in online grocery operations, in the hope they can persuade consumers to add more profitable items like clothes and computers to their orders of fruit and vegetables.
*Recent data suggests Ukraine, Iraq weighing on demand. BERLIN, July 4- German industrial orders fell in May for the first time in two months and more sharply than expected due to a perceived increase in geopolitical risk, the Federal Statistics Office said on Friday.
BEIJING, July 1- Foreign brands in China's consumer goods market are facing stiffer competition from domestic rivals, with about 60 percent of firms overseas losing market share last year, a private study of 40,000 households showed on Tuesday.
Under Chief Executive Frans van Houten, the Dutch company- which started out 120 years ago as a pioneer in electric lighting- has been shifting away from the consumer electronics sector in a restructuring which has involved more than 5,000 job cuts and the sale of its television business.
*Logista value could be circa 1.1 bln stg- analyst. LONDON, June 10- Imperial Tobacco Group plans to list its European logistics division Logista on the Spanish stock market, the British company said on Tuesday.
BERLIN/ BRUSSELS, June 5- Soaring euro zone retail sales and a rebound in German industrial orders on Thursday offered a sign that a fragile economic recovery which has yet to reach many European households may be gaining momentum. That suggests output in Europe's largest economy will pick up in the coming months.
BURGHAUSEN, Germany/ GEISMAR, Louisiana, June 2- Nestled in the green hills of southern Germany, chemical giant Wacker Chemie churns out a wide range of products, from an ingredient for chewing gum to the polysilicon crystals in solar cells.
Washington- based market research company Osterman Research expects the global file synchronization and sharing market to double to about $80 billion by 2017. Eighty to 90 percent of this revenue will come from business.
SHANGHAI/ TEL AVIV May 22- China's Bright Food Group Co Ltd has struck a deal to buy control of Israel's largest food company, gaining new products and technology as it chases rivals that have overtaken it in China's fast-growing cheese and dairy markets.
*Indonesia ban akin to cut-off of Saudi supplies in oil. LONDON/ SINGAPORE, May 14- Nickel is likely to see a deeper retreat than Wednesday's 5 percent fall, but it is also due to bounce back as long as top exporter Indonesia keeps squeezing supply and stainless steel producers can absorb higher prices.