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U.S. stocks rose on Monday, with the S&P 500 rebounding from its biggest weekly drop since 2012.
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.
Stocks declined on Friday, with the S&P 500 recording its worst week since 2012, on momentum from the prior day's rout.
NEW YORK, Aug 1- U.S. stocks ended lower for a second day and the S&P 500 posted its biggest weekly decline since 2012 on Friday as concerns over Argentina's default continued to dog sentiment. But concern remained over Argentina's debt problems after the country's default earlier this week.
NEW YORK, Aug 1- U.S. stocks edged lower on Friday as jobs data suggesting the Federal Reserve has room to keep interest rates low for a while was offset by lingering concern over Argentina's default. Concern remained over Argentina's debt problems.
NEW YORK, Aug 1- U.S. stocks tumbled in a volatile session on Friday, marking a second straight day of sharp declines as the latest economic data provided little clarity as to when the Federal Reserve might raise interest rates.
Procter & Gamble's CEO was brought back to restore growth to the world's largest consumer products company. A year later, investors are still waiting.
*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.
NEW YORK, Aug 1- U.S. stocks were little changed on Friday, paring big losses that had been indicated by trading before the market opened, as a weak July jobs report allayed concerns the Federal Reserve might raise interest rates sooner than many had expected.
Procter & Gamble reported a 37 percent rise in quarterly profit, helped by lower operating costs.
CNBC's Sara Eisen breaks down Procter & Gamble's problematic quarterly earnings report, and discusses CEO A.G. Lafley's lack of strategic vision.
NEW YORK, Aug 1- U.S. stock index futures pointed to a slightly lower open on Friday as a weak July jobs report allayed concerns that the Federal Reserve would raise interest rates sooner than many had expected. *On Thursday, Wall Street suffered its biggest one-day decline in months as data sparked worries the U.S.
Wall Street was seen opening sharply lower on Friday, as global markets sold off and investors awaited the monthly U.S. employment report.
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.
Some of the names on the move ahead of the open.
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.
Jon Moeller, Procter & Gamble CFO, breaks down P&G's quarterly numbers and discusses the company's cost-cutting measures.
July's employment report is expected to be strong—good news for the economy, but possibly bad news for markets.
SINGAPORE, July 31- Singapore risks tarnishing its business-friendly reputation by implementing new labour laws that require companies to prioritise hiring locals over foreigners for middle income jobs, analysts say.
WASHINGTON, July 29- The Obama administration on Tuesday pushed for Congress to renew a 14- year-old trade program giving African countries duty-free access to U.S. markets, warning that allowing the program to expire would disrupt trade flows between the two regions.