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Stock Market & Financial Investment News

News Breaks
July 12, 2013
12:46 EDTCLColgate-Palmolive to cut 350 jobs in NJ, NJ.com says
Colgate-Palmolive will close its Morristown, NJ plant, eliminating 350 manufacturing jobs, reports NJ.com. The report says the layoffs will begin in 3Q14 and continue through 1Q16, when the plant's operations will be moved to a new location. Reference Link
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May 19, 2015
07:13 EDTCLBarclays to hold a conference
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May 12, 2015
06:14 EDTCLColgate-Palmolive to sell laundry brands in Australia & New Zealand to Henkel
Henkel AG & Co. KGaA has signed an agreement with Colgate-Palmolive Company to acquire its entire range of laundry detergents and pre-wash brands in Australia and New Zealand. In total, the brands to be acquired generated sales of about EUR110M in FY14. The purchase price amounts to EUR220M and will be financed in cash. The transaction will be accretive to earnings upon closing. The closing of the transaction is still subject to regulatory approvals and expected to take place in 3Q15.

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