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News Breaks
January 24, 2014
08:54 EDTPGProcter & Gamble says it has exceeded FY14 non-manufacturing reduction goals
Says the strongest brands and positioning is in the U.S. The company said significant upgrades are coming in Fabric Care products. It expects cost of goods savings will increase to $1.6B this year. Emerging markets are also expected expand and will become a significant growth driver for the company in years to come. Manufacturing start up costs will annualize in 2H14. The company will annualize the Venezuela impact until mid-February in Q3. Expects 90% free cash flow productivity as well as CapEx spending in the range of 4%-5% of sales and share repurchase in the range of $5B-$7B. The negative foreign exchange effect and cost savings are expected to drive 2H14 growth. Proctor & Gamble says it continues to operate in a "volatile environment with uncertainty in foreign exchange, some deceleration in the market growth growth rates and a rapidly developing policy environment." Comments taken from Q2 earnings conference call.
News For PG 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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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 18, 2015
08:52 EDTPGProcter & Gamble removed from US Focus List at Credit Suisse
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May 15, 2015
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

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