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Stock Market & Financial Investment News

News Breaks
October 3, 2013
14:52 EDTCLXClorox outlines long-term financial goals
The Clorox Company unveiled its updated strategic growth plan during a Clorox Analyst Day event. The company's long-term financial goals include: Growing net sales 3%-5% annually, expanding earnings before interest and income taxes margin 25-50 basis points annually, and generating free cash flow of 10%-12% of sales annually.
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September 20, 2014
22:05 EDTCLXClorox turned down offer to sell or merge with rival, NY Post says
In the last three to six months consumer packaged-goods company Clorox (CLX) turned down an offer from a rival interested in a sale or merger, says the NY Post, citing sources. The NY Post added that logical suitors for Clorox include Church & Dwight (CHD), Procter & Gamble (PG), Jarden (JAH) and Unilever (UN,UL). Reference Link
September 18, 2014
16:17 EDTCLXClorox promotes Benno Dorer to CEO, Don Knauss to continue as chairman
The board of Clorox announced, effective Nov. 20, Donald R. Knauss will continue serving as chairman and a member of the board, in a newly created executive chairman role, and Benno Dorer will be promoted to CEO and nominated to be elected to the company's board. Knauss has served as chairman and CEO of the company since October 2006. Since January 2013, Dorer, has served as executive vice president and COO - Cleaning, International and Corporate Strategy.
16:16 EDTCLXClorox promotes Benno Dorer to CEO, Don Knauss to continue as chairman
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