Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
India could benefit from the fallout in the U.S.-China trade war, experts told CNBC — but much-needed reforms on land and labor could prove to be a challenge for companies...Asia Economyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
The photo depicts Canadian leader Justin Trudeau wearing a turban and robe, with dark makeup on his hands, face and neck. Liberal Party spokesman confirms the photo is of...Electionsread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
The U.S. Federal Reserve on Wednesday cut its overnight rate by 25 basis points to a range of 1.75% to 2%, a move that was widely expected. The central bank, however, appeared...Asia Marketsread more
Investors bought bank stocks because there's a chance the Federal Reserve's interest rate cut may "put an end to this artificially inverted yield curve," Jim Cramer says.Mad Money with Jim Cramerread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
Changing consumer habits have weighed on Procter & Gamble, but things are starting to look up, with the consumer juggernaut posting 3 percent organic sales growth in its latest quarter, the biggest increase in this closely monitored category in more than a year.
"Ultimately it's about winning the consumer value equation, it's working with our customers and working very hard to create and build categories as the key driver of growth, because if we do that, it's a very sustainable strategy," P&G Chairman and CEO David Taylor told CNBC.
Taylor took the helm at P&G, best known for brands like Tide detergent and Pampers diapers, one year ago.
The company has streamlined its portfolio in an effort to return to growth, but Taylor told CNBC in an interview that new products are also helping to drive the firm's turnaround. "If you go back 10 years ago, car air fresheners was a very small, quiet category. We introduced something called Febreze car, and it is now a quarter-billion-dollar business that's growing nicely."
P&G's efforts to offer innovative new products is how, Taylor said, the firm will win market share in the U.S. and abroad. "I believe very much that it will come down ultimately to innovation that builds categories, and if we do our job better than others, we'll get a little bit of share growth. I don't subscribe to the zero sum game that says it's only about whether we can take from someone else."
Despite growth in all of P&G's product categories, beauty is not doing as well as the others. Taylor attributes some of that to changing consumer behaviors.
Gillette is one of P&G's brands that has suffered, as facial hair has become more trendy. "There is a societal trend in many countries of more facial hair, and that's not great for Gillette. Although we also play in both wet and dry. We have Braun and we have Gillette, so there's a lot of trimming jobs to be done and we've got products to deal with that," Taylor explained.
Other categories are seeing massive growth. The consumer product giant's Always discreet brand of adult diapers is its fastest growing product, and Taylor said the brand has allowed P&G to reach a whole new demographic.