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Stock Market & Financial Investment News

News Breaks
April 15, 2014
05:25 EDTCLX, CL, EL, KMB, PG, ENR, CHDHPC sector upgraded to Neutral from Cautious at Goldman
Goldman upgraded its rating on the Home and Personal Care sector to Neutral from Cautious citing the recent pullback in shares. Goldman upgraded Estee Lauder (EL) to Conviction Buy from Buy. It has a Buy rating on Church & Dwight (CHD), Neutral ratings on Procter & Gamble (PG), Colgate-Palmolive (CL) and Energizer (ENR), an Sell ratings on Kimberly Clark (KMB) and Clorox (CLX).
News For EL;CHD;PG;CL;ENR;KMB;CLX From The Last 14 Days
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May 22, 2015
13:49 EDTPGHenkel seen in lead for Procter & Gamble's Wella brand, Bloomberg says
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12:48 EDTPGHenkel seen in lead for Procter & Gamble's Wella brand, Bloomberg says
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08:12 EDTPGProcter & Gamble should consider break-up, says Bernstein
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08:03 EDTENREnergizer adopts limited duration shareholder rights plan
Energizer announced that its board has adopted a limited duration shareholder rights plan and declared a dividend distribution of one preferred share purchase right on each outstanding share of Energizer's common stock. The limited duration rights plan will expire on December 31, 2015, approximately six months after the expected completion of the separation of Energizer's Personal Care and Household Products businesses. The rights plan is effective immediately for Energizer and will remain in effect until expiration on December 31, 2015 for the Personal Care business following the separation, which is expected to be finalized by July 1, 2015. The plan is designed to assist the Board in the period leading up to and immediately following the separation by protecting against creeping accumulations or other share acquisition activity that the board believes would not be in the best interest of shareholders.
May 21, 2015
10:26 EDTPGDesigner Parfums, LUXE Brands to purchase Frederic Fekkai brand from P&G
Designer Parfums and LUXE Brands announced they have collaborated to form a joint venture to acquire the Frédéric Fekkai luxury hair care brand and salons from Procter & Gamble, effective June 30. The Fekkai business comprises a range of hair products and seven salons in New York, Connecticut, Florida, Texas and California. Approximately 225 people are currently employed in the salon business; they are expected to transfer to the newly formed entity.
May 19, 2015
07:13 EDTCLBarclays to hold a conference
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May 18, 2015
08:52 EDTPGProcter & Gamble removed from US Focus List at Credit Suisse
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May 15, 2015
08:36 EDTCLXClorox chairman Donald Knauss to retire July 1
Clorox announced that executive chairman Donald Knauss has decided to retire from the company and the board. The company and the board have accepted his resignation, effective July 1. The board of directors also has appointed George Harad as independent chair of the board, effective July 1. Matschullat will become chair of the nominating and governance committee, effective immediately, and Jeffrey Noddle will become chair of the management development and compensation committee, effective July 1.
07:38 EDTPGP&G fighting lawsuits over laundry-pod poisonings, WSJ reports
Procter & Gamble (PG), which has a commanding spot in the laundry-pod market and has put the products at the center of its laundry strategy, is defending itself against several lawsuits alleging injuries from the products, reported The Wall Street Journal. The Journal noted it reviewed data showing that at least seven people, including four last year and one earlier this year, have died after biting into laundry-pods. A P&G spokesman said there are indications that the rate of accidents relative to the number of pods sold is declining since 2012, when the products were first introduced in the U.S. Reference Link
May 13, 2015
10:01 EDTKMBOn The Fly: Analyst Upgrade Summary
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05:32 EDTKMBKimberly-Clark upgraded to Overweight from Equal Weight at Barclays
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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.
05:18 EDTCLXClorox raises quarterly dividend 4% to 77c per share from 74c per share
Clorox announced that its board increased the quarterly cash dividend on the company's common stock by 4%, from 74c to 77c per share. The dividend will be payable on Aug. 7, to stockholders of record as of July 22.
May 10, 2015
20:07 EDTPGCVC, Advent prepare bids for Procter & Gamble haircare unit, Sunday Times says
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