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8:29 AM Procter & Gamble's (PG) plan to offer consumers small lightweight packets of detergent in place of powder or liquid versions hits a snag after doctors around the country report a growing number of poisoning cases related to the products. The issue appears to be that the brightly-colored packets of detergent are being mistaken by children for candy and ingested.
4 Comments[Consumer]
- Thursday 2:09 PM Procter & Gamble (PG -0.2%) CEO Bob McDonald says the company will stop chasing profits in emerging market until it stabilizes its 40 largest business lines. While the company has been able to grow sales faster in emerging markets, it still generates less profit than in developed markets due to price sensitivity and fierce competition. [Consumer]
- Wednesday 11:31 AM Procter & Gamble (PG -1.4%) might fail to meet its EPS goal for FY13, according to analysts digesting the firm's presentation slides at the Citi Global Consumer Conference. Other tidbits from the presentation: The company didn't spend the reported $600M in Olympics advertising. It sees $4B in share buybacks in FY12. Employee headcount on track to be reduced by 3%. (webcast) [Consumer]
- Monday 3:12 PM Shares of Pursuit Dynamics fell 79% in London trading after Procter & Gamble (PG -0.4%) passed on signing a licensing agreement to use the firm's fluid-processing technologies for mixing products such as toothpaste - effectively ending a development agreement the two companies originally launched in 2010. [On the Move, Consumer]
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at CNBC.com (May 16, 2012)
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at CNBC.com (May 16, 2012)
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at CNBC.com (May 15, 2012)
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at CNBC.com (May 15, 2012)
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at CNBC.com (May 15, 2012)
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Company Description
The Procter & Gamble Company is focused on providing branded consumer packaged goods of superior quality and value to improve the lives of the world’s consumers. The Company was incorporated in Ohio in 1905, having been built from a business founded in 1837 by William Procter and James Gamble.... More