Procter & Gamble Co. is planning to eliminate 2,300 more jobs by the time its 2015 fiscal year ends in June.
CINCINNATI - Procter & Gamble Co.'s fourth-quarter revenue and net income jumped by double digits on strong sales in emerging markets such as China and India. But the world's largest consumer products company sees things slowing down this quarter as the U.S. and other developed economies struggle.
The Cincinnati-based maker of Tide detergent, Pampers diapers and Gillette shavers on Friday reported earnings per share of 84 cents, as net income rose 15 percent to $2.51 billion. Revenue jumped 10 percent to $20.86 billion. Analysts expected 82 cents on $20.57 billion.
P&G expects earnings for the year ahead to be in a range of $4.17 to $4.33 per share. Analysts forecast $4.29 per share.
In the current quarter, P&G expects earnings in a $1-$1.04 range; analysts were looking for $1.14.
The latest P&G downsizing wave could cut deeper than prior rounds. But at least four local companies are trying to keep the company's top-notch talent from leaving town.
P&G's new brand divestiture strategy is shedding profits faster than product lines. Here's why no one seems to have a problem with that.
Procter & Gamble Co. will sell its Camay and Zest soap brands to rival Unilever under a deal announced Monday.
A French agency fined Procter & Gamble Co. $189 million Thursday as part of a price-fixing investigation of home care and personal products that were sold in French supermarkets between 2003 and 2006.
Procter & Gamble is "learning to grow," CEO A.G. Lafley told Wall Street Thursday.
P&G revealed Friday that it has already unloaded about 25 of the 90 to 100 brands it plans to exit as part of a larger plan to restore sales and profit growth. WCPO obtained a list of brands ditched to date.
The most dramatic moment of the P&G annual shareholder meeting Tuesday took place when a Manhattan mom strolled to the microphone and asked P&G to fire Larry the Cable Guy as a company spokesman.
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Working from home is on the rise. The number of people identifying home as the primary workplace has increased 9.7 percent since 2008 to 36,396, new census data indicates.