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Stock Market & Financial Investment News

News Breaks
July 11, 2014
05:44 EDTPGProcter & Gamble downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded its rating on Procter & Gamble (PG) shares to Market Perform citing a lack of lack of fundamental progress despite the company's increased innovation. Wells says P&G's U.S. share trends have weakened amid competition. The firm cut its price target range for shares to $85-$87 from $88-$90.
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
May 10, 2015
20:07 EDTPGCVC, Advent prepare bids for Procter & Gamble haircare unit, Sunday Times says
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