Sector: Household and Personal Products

Coty said on Monday it is withdrawing its $10.7 billion takeover bid for Avon Products, saying the world's largest cosmetics direct seller had missed its deadline to start talks.

Avon Products' board said Sunday it will consider Coty's lastest offer, and expects to respond within a week.

The world's largest household products maker will be moving its skin care, cosmetics, and personal-care headquarters from Ohio to Singapore to be closer to the growing Asian market.

Coty has raised its bid for Avon, with the backing of Warren Buffett's Berkshire Hathaway, but the beauty products company said it would withdraw the offer if Avon did not enter into talks by May 14.

Macy's kept its full-year profit forecast despite reporting better-than-expected first-quarter earnings on Wednesday, sending the retailer's shares down 4 percent.

Andrea Jung, an Avon Products director and the company's former CEO, was re-elected Thursday to the company's board.

Avon Products on Monday named Sherilyn S. (Sheri) McCoy as chief executive officer.

Beauty company Coty said on Monday that it had offered to buy Avon Products for $10 billion, but the cosmetics direct seller said it was rejecting the bid.

Procter & Gamble plans to cut a total of 5,700 nonmanufacturing jobs as part of a new plan to reduce costs by $10 billion by the end of fiscal 2016, Chief Executive Officer Bob McDonald said on Thursday.

If you have ever had to wrestle your iPad from your child’s clutches, you know that kids love playing on tablets and smartphones. The trend has not been missed by toymakers. They know that even before a child can read or speak, they have an affinity for these devices.

Toymakers are looking to new products to excite shoppers and get them to buy, and that’s what Toy Fair is all about. Click ahead to see some of the coolest toys from Toy Fair 2012.

After delivering earnings that topped expectations, the CEO of Clorox said it appears the US consumer is starting to feel a little better.

As the weak economy has trudged on, they have leaned on credit cards to pay for holiday gifts, many bought at discounts. They are dipping into savings to cover spikes in gas, food and rent. They are substituting domestic vacations for international trips, squeezing more life out of their washing machines and refrigerators and switching to alternatives as meat prices have risen. The New York Times reports.

Blacks Leisure, the struggling outdoor goods retailer that put itself up for sale earlier this month, said the deals it was working on would leave its shares worthless.

Cyber Monday online sales jumped to a record, led by department stores and home goods retailers, according to U.S. data released on Tuesday.