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...» Read More
Sept 27- U.S. cleaning products maker Clorox Co said the Venezuelan government's takeover of two of its plants after the company pulled out of the country raised "grave concerns" about the safety of workers and surrounding communities.
What's in the package might be the same, but for a variety of reasons, sometimes companies need to call products by another name outside their home country.
CARACAS, Sept 26- Venezuela's famed models and aspiring beauty queens are struggling to doll themselves up as shortages turn eye shadow and breast implants into coveted luxuries. "I exhaust myself visiting pharmacies, I look everywhere for makeup," said Ileanne Davila, a 19 year-old civil engineering student and model.
Sept 23- Procter& Gamble Co said it would sell the last of its pet food business to consumer products company Spectrum Brands Holdings Inc as it focuses on more profitable lines such as Tide detergent, Gillette razors and Pampers diapers.
AMSTERDAM, Sept 23- Philips said on Tuesday it would break its 120- year-old company in two, creating a stand-alone lighting business and merge consumer and healthcare divisions into a 15- billion euro business.
Sept 22- Home cleaning products maker Clorox Co said it was discontinuing operations in Venezuela as the business was no longer viable and that it was looking to sell its assets there. Venezuela devalued its currency bolivar last year, which forced a number of consumer goods companies such as Colgate-Palmolive Co and Avon Products Inc to slash product prices.
Sept 18- Home cleaning products maker Clorox Co said Chief Executive Donald Knauss was stepping down after eight years at the helm. He started his career at The Coca-Cola Co and went on to join PepsiCo Inc and Procter& Gamble Co before joining Clorox. Oakland, California- based Clorox's shares were little changed on the New York Stock Exchange on Thursday.
*Consumer-facing UK shares to suffer on rate hike concerns. Although the timing and scale of any rate rise remains uncertain, some investors are pulling back from the UK consumer goods sector on perceptions that credit-fuelled demand will be squeezed in the short term.
HAVANA, Sept 1- Cuba has raised duties and restricted imports on consumer goods brought in by air travelers or sent by mail, imposing greater hardship for a fledgling private sector and angering people looking to counter chronic shortages. The duty is now $250 on a 32- inch screen, $400 for those between 32 and 42 inches and $500 on even bigger models.
HAVANA, Sept 1- Cuba has raised duties and restricted imports on consumer goods brought in by air travelers or sent by mail, imposing greater hardship for a fledgling private sector and angering people looking to counter chronic shortages.
*Russia: Humanitarian convoy issue resolved, but no cease-fire. NEW YORK, Aug 18- U.S. stocks surged on Monday, with the Dow up roughly 1 percent and the Nasdaq at a 14- year high as increasing homebuilder confidence and hopes for receding tensions between Russia and Ukraine brightened investors' view of the outlook for equities.
*Dollar General offers to buy Family Dollar. Russia said all issues related to its humanitarian convoy to Ukraine had been resolved but said no progress has been made toward a ceasefire or political solution to the fighting in the east of the country after talks between Russia, Germany, France and Ukraine on Sunday.
CNBC's Sara Eisen provides insight to the big business of adult diapers.
LONDON, Aug 6- The U.S. economy continues to recover from the depths of the Great Recession, although its speed, trajectory and cruising altitude remain the subject of fierce debate. Instead, companies have chosen to dip into their collective $1.8 trillion pile of cash to re-hire workers, fund merger and acquisitions activity or buy back their own shares.
BERLIN, Aug 6- German industrial orders fell in June at their steepest rate since September 2011 as euro zone demand weakened and bulk orders were below average, with the Economy Ministry suggesting this was in part due to uncertainty over the Ukraine crisis.
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.