Hints and tips:
...P&G’s finance director Jon Moeller similarly said the company was facing a “very difficult, and competitive” landscape. However, P&G eked out a 4 per cent rise in organic sales in its second quarter....
...Half of the US tuned into the soap opera Dallas every week, where P&G invaded television sets with adverts for its deodorants and soaps....
...“It’s a long day, watching a correction, the S&P crashing through the floor. I bought the XIV, ’cause I’ll make my money back. I’m a bad boy, ’cause I bought even more. Now XIV is free falling....
...Richard Fisher, president of the Dallas Fed, joined Philadelphia Fed president Charles Plosser in dissenting against the language of the statement....
...Then P&G saw it was proving to be a hit with Latinos too....
...Citi also lifted its price estimate to $66 from $54 and said P&G was preparing to win back market share. Homebuilders continued to climb....
...In-store promotions are becoming a more prominent part of the mix, AG Lafley, P&G’s chief executive, noted on a conference call....
...Not only was the position new, but Mr Palmer, who previously worked for Kellogg’s, was a rare outside hire in a company that, like its rival P&G, had always promoted from within....
...It took the S&P 500 seven years to get back to its old high and about five years to double off of its lows....
...Developing markets are emerging as the key battleground for P&G, Unilever and Kimberly-Clark as they seek new consumers and battle shrinking margins in home markets....
...P&G chose Dallas, Texas, for the test, but quickly discovered that the hot climate and lack of air conditioning made parents reluctant to buy the plastic pants....
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