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  • P&G says temporarily halts operations in Argentina Monday, 3 Nov 2014 | 7:27 PM ET

    CHICAGO, Nov 3- Procter& Gamble, the largest household products maker in the world, said it has temporarily suspended operations in Argentina. On Sunday, Argentina accused the company of hiding income and over-billing $138 million in imports to get money out of the country, which three years ago introduced stringent capital controls in order to protect its...

  • BUENOS AIRES, Nov 3- Argentina's tax authority said it started meetings on Monday with Proctor& Gamble Co after accusing the world's No. 1 household products maker of tax fraud, as the South American nation continues to ramp up interventions in the economy. On Sunday, Argentina accused the company of hiding income and over-billing $138 million in imports to get...

  • Argentina accuses Procter & Gamble of tax fraud Monday, 3 Nov 2014 | 6:10 AM ET
    The Procter and Gamble baby care offices stand at P&G's headquarters in Cincinnati, Ohio,.

    Argentina has accused Procter & Gamble of tax fraud and said it suspended its operations in the South American country.

  • Nov 2- Argentina has accused Procter& Gamble, the world's No. 1 household products maker, of tax fraud and said it suspended its operations in the South American country, according to a statement issued on Sunday by the country's AFIP tax authority. Argentina accused the company of over-billing $138 million in imports to get money out of the country, according to...

  • Nov 2- Argentina has accused the world's No. 1 household products maker, Procter& Gamble, of tax fraud and suspended its operations in the South American country, according to a statement issued on Sunday by the AFIP tax authority. "P&G funneled currency abroad and hid income that was subject to tax in Argentina," it said. Argentina has restrained access to foreign...

  • Clorox profit beats; demand for products rises Friday, 31 Oct 2014 | 12:51 PM ET

    U.S. cleaning products maker Clorox reported better-than-expected quarterly sales and adjusted profit, helped by strong demand for household products.

  • Oct 31- U.S. cleaning products maker Clorox Co reported better-than-expected quarterly sales and adjusted profit, helped by strong demand for its household products and price increases in international markets. Net income from continuing operations rose to $145 million, or $1.10 per share, in the first quarter ended Sept. 30, from $139 million, or $1.05 per...

  • *Amazon tumbles, Microsoft climbs after earnings. NEW YORK, Oct 24- U.S. stocks closed out their best week in nearly two years on Friday, helped by earnings from Microsoft and Procter& Gamble and as concerns eased over the possible spread of Ebola in the United States. Shares of Microsoft rose 2.5 percent to $46.13, after the company reported higher-than-expected...

  • *Amazon tumbles, Microsoft climbs after earnings. NEW YORK, Oct 24- U.S. stocks advanced on Friday, as earnings from Microsoft and Procter& Gamble coupled with easing concerns over the possible spread of Ebola in the United States helped put the S&P on track to snap a four-week losing skid. Microsoft was up 1.7 percent at $45.91, after it reported...

  • *Amazon tumbles, Microsoft climbs after earnings. NEW YORK, Oct 24- U.S. stocks advanced on Friday, as earnings from Microsoft and Procter& Gamble and easing concerns over the possible spread of Ebola in the United States helped put the S&P on track to snap a four-week losing skid. Microsoft was up 2 percent at $45.91, after it reported higher-than-expected...

  • *Amazon tumbles, Microsoft climbs after earnings. NEW YORK, Oct 24- U.S. stocks advanced on Friday, buoyed by gains in Microsoft and Procter& Gamble after their quarterly results and as steps towards expediting the development of vaccines for Ebola eased concerns over its possible spread in the United States. Microsoft was up 1.6 percent at $45.75, after it...

  • Oct 24- Procter& Gamble Co on Friday said it would sell its Duracell battery business, probably through a split-off into a separate company, as it looks to focus on faster-growing brands. On a conference call, Chief Financial Officer John Moeller said the company had sold or discontinued 11 brands in the latest quarter and 25 in the last five quarters.

  • *Amazon tumbles, Microsoft climbs after earnings. NEW YORK, Oct 24- U.S. stocks were little changed on Friday, as disappointing earnings from Amazon were offset by gains in Microsoft after its quarterly results. But Microsoft, up 1.3 percent at $45.63, helped offset the drop in Amazon after it reported higher-than-expected quarterly revenue while keeping its...

  • *Amazon tumbles, Microsoft climbs after earnings. NEW YORK, Oct 24- U.S. stocks were set for a slightly lower open on Friday, putting the S&P 500 on track to cut its weekly advance, following disappointing earnings from Amazon and as the first diagnosed case of Ebola in New York City raised concerns about the spread of the virus. Microsoft, up 4.6 percent at $47.09...

  • Oct 24- Colgate-Palmolive Co reported a 17 percent drop in third-quarter profit and lowered its full-year earnings forecast, hurt by weak demand in Brazil and China and a stronger U.S. dollar. Emerging markets, which generate about 50 percent of Colgate's net sales, have weakened in the past few months, with Brazil slipping into recession and China facing what is...

  • *Amazon tumbles, Microsoft climbs after earnings. NEW YORK, Oct 24- U.S. stock index futures fell on Friday, putting the S&P 500 on track to trim its weekly advance, following disappointing earnings from Amazon and as the first diagnosed case of Ebola in New York City raised concerns about the spread of the virus. Microsoft, up 2.6 percent at $46.17 before the opening...

  • UPDATE 1-P&G to exit Duracell battery business Friday, 24 Oct 2014 | 8:08 AM ET

    Oct 24- Procter& Gamble Co said it would exit its Duracell battery business, likely through a splitoff into a separate company, as it looks to focus on faster-growing brands. The household products maker also said on Friday that it had agreed to sell its interest in a China- based battery joint venture for an undisclosed amount. P&G said in September that it would...

  • *Amazon tumbles, Microsoft climbs after earnings. NEW YORK, Oct 24- U.S. stock index futures dipped on Friday, putting the S&P 500 on track to trim its weekly gain, following disappointing results from Amazon and as the first diagnosed case of Ebola in New York City raised concerns about the spread of the virus. *Microsoft, up 2.7 percent at $46.25 before the opening...

  • P&G to split off Duracell battery business Friday, 24 Oct 2014 | 7:15 AM ET

    Oct 24- Procter& Gamble Co said it would split off its Duracell battery business into a separate company as it looks to focus on its faster-growing brands. Net income attributable to Procter& Gamble fell to $1.99 billion, or 69 cents per share, in the first quarter ended Sept. 30 from $3.03 billion, or $1.04 per share, a year earlier. The maker of Pampers diapers and Tide...

  • 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...