U.S. business investment spending plans fell for a sixth straight month in February, likely weighed down by a strong dollar and weak global demand, leading economists to further lower their first-quarter growth estimates.
Tags: Procter & Gamble
Procter & Gamble's Stock Drops as Revenue Misses Expectations
Procter & Gamble's earnings beat expectations, but its revenue fell short, leading to a 4.6% drop in stock price despite a historical 1% increase in volume.
P&G to Promote Individual Brands at 2024 Olympics Instead of Corporate Name
Procter & Gamble will shift its focus from corporate branding to individual product brands, such as Pampers and Gillette, in its advertising for the Paris 2024 Olympics.
Anheuser-Busch InBev Q4 profit drops by 10% due to sluggish US Market
Anheuser-Busch InBev NV has reported a10 percent drop in profit for fourth quarter of 2015. The brewer is suffering from sluggish market in the US. As a result, revenues for fourth quarter fell to $3.23 billion from $3.33 billion.
P&G sales dive to its lowest in 7 quarters, but profit beats expectations
The strengthening of the US dollar has been hitting Procter & Gamble hard as the company reported its biggest sales drop in seven quarters. The company also cited weak demand especially in the overseas market as the reason behind the low sales performance.
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Foreign exchange swings cost North American corporates $18.66 billion in revenue in the fourth quarter, according to a report by currency risk management consulting firm FiREapps.
Venezuela's deepening economic troubles, and in particular the weakness of the bolivar and restrictive currency controls, have hurt U.S. corporate profits for the fourth quarter of 2014 and are set to inflict further pain this year.
Two of three global industry groups vying to establish a dominant standard for wireless charging technology have agreed to merge, bringing consumers a small step closer to throwing away their smartphone power cords.
German consumer goods and industrial glue maker Henkel wants to expand in the area of consumer branded goods and hair care and could consider a large acquisition, the company's chairwoman told German newspaper Welt am Sonntag.
Warren Buffett's Berkshire Hathaway Inc (BRKa.N) on Friday said it was buying oil industry logistics provider Charter Brokerage from private equity firm Arsenal Capital Partners.
Amazon.com's launch of its own private label brand of consumer goods, starting with diapers and baby wipes, underscores the website's maturity as a grocery retailer and the migration of grocery shopping online.
Procter & Gamble Co (PG.N) said it would exit its Duracell battery business, likely through a splitoff into a separate company, as it looks to focus on faster-growing brands.
Mars Inc. announced on Wednesday that it would acquire the pet care brand names of Procter&Gamble in a deal valued USD2.9 billion, reported Reuters.
Unterfohring, Germany-based mass media broadcasting firm ProSiebenSat.1 picked up a minority stake in Beverly Hills, US-based multichannel network Collective Digital Studio (CDS) for an undisclosed amount for expansion purposes.
