at Investor's Business Daily (Tue, 6:48PM)
Procter & Gamble (PG +2.4%) plans to cut 5.7K jobs in 2013 and reduce its costs by $10B by 2016, according to CEO Bob McDonald. The company also reduced its earnings estimates for FQ3 and FY12 based on the impact of the sale of the Pringles brand to Kellogg.
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