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Stock Market & Financial Investment News

News Breaks
January 9, 2013
08:32 EDTECL, PGEcolab names Alex Blanco as EVP, Chief Supply Chain Officer
Alex Blanco has joined Ecolab (ECL) as EVP and chief supply chain officer, effective Jan. 1. Blanco will oversee the company’s global supply chain operations, including Ecolab’s 98 manufacturing plants and more than 200 distribution and other supply chain facilities around the world. Blanco joins Ecolab after 30 years with Procter & Gamble (PG). Most recently, he served as vice president, Product Supply Global Beauty Sector.
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September 23, 2014
09:01 EDTPGDistrict court rules in favor of P&G on patent infringement case
In a series of rulings this summer, culminating with a ruling issued on September 15th, the federal District Court for the Southern District of Ohio ruled that Clio USA’s tooth whitening strip products infringe several P&G patents related to P&G’s Crest Whitestrips products. The Court also rejected Clio’s arguments that the patents are invalid.
08:00 EDTPGSpectrum Brands to acquire P&G's European pet food business
Procter & Gamble (PG) announced that Spectrum Brands (SPB) has agreed to buy IAMS and EUKANUBA brands in Europe for an undisclosed amount. In April, P&G announced the sale to Mars of 80% of its global Pet Care business, including North America and Latin America. Europe was not included in that deal with the exception of Russia and Turkey. Mars later agreed to buy an additional 10% of the business in additional markets including Japan, Australia and South Africa. With the Spectrum transaction, P&G now has closed deals or reached agreements to sell 100% of its Pet Care business. The deal will close in 2015, subject to regulatory approvals. The geographic regions included in the acquisition, which account for approximately 10% of P&G’s former pet care global sales, include 42 markets throughout Europe. The business has approximately $200M of annual sales and will provide Spectrum Brands’ United Pet Group division access to the $21B European dog and cat food market which is growing at an estimated 3%-5% annually. The acquisition has been approved by Spectrum Brands' board.
07:30 EDTECLUBS to hold a conference
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06:16 EDTECLEcolab management to meet with Piper Jaffray
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September 22, 2014
10:16 EDTECLOn The Fly: Analyst Initiation Summary
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07:21 EDTECLEcolab initiated with a Buy at Argus
Target $134.
September 20, 2014
22:05 EDTPGClorox 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 16, 2014
07:39 EDTECLCredit Suisse to hold a conference
Basic Materials Conference to be held in New York on September 16-18.
05:46 EDTPGStocks with implied volatility movement; BP PG
Stocks with implied volatility movement; BP (BP) 18, Procter & Gamble (PG) 12 according to iVolatility.
September 15, 2014
14:18 EDTPGPulteGroup names Manish Shrivastava as Chief Marketing Officer
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