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Jul. 17, 2014, 9:03 AM
- The price of palm oil reached a nine-month low earlier today after strong soybean and corn crops this year boosted stockpiles.
- Major companies such as Hershey (NYSE:HSY), Unilever (NYSE:UL), and Procter & Gamble (NYSE:PG) could see reduced input costs due to the development, although many of them have reduced their use of palm oil.
Jul. 11, 2014, 8:36 AM| Jul. 11, 2014, 8:36 AM | 4 Comments
Jul. 9, 2014, 7:59 AM
- The Procter & Gamble (PG) declares $0.6436/share quarterly dividend, in line with previous.
- Forward yield 3.21%
- Payable Aug. 15; for shareholders of record July 18; ex-div July 16.
Jul. 3, 2014, 8:39 AM
Jul. 1, 2014, 7:58 AM
- Food manufacturers continue to dabble with selling products through their own e-commerce sites with a heightened focus on how the industry may evolve in the future.
- L'Oreal (LRLCF), Procter & Gamble (PG), and Nestle (NSRGY, NSRGF) each sell online to consumers in niche areas.
- What to watch: The symbiotic relationship between Amazon and the food industry is a giant wildcard in the mix. Most food companies aren't prepared to sell online at scale.
Jun. 12, 2014, 8:24 AM
- Starbucks (SBUX) is expected to announce today a national roll-out of wireless charging stations at its stores and Teavana outlets.
- The company is partnering with Duracell Powermat (PG) on the initiative.
- The marketing mavens working for Starbucks say the strategic move to eliminate the power cord in the charging process will strengthen the reputation of its brand as tech-friendly.
Jun. 11, 2014, 4:04 PM
Jun. 1, 2014, 9:57 AM
- Procter & Gamble (PG) is trying to balance its green initiative while securing as much profit as it can, as it caters to global sustainability while cutting company-wide costs.
- This spring, P&G promised to begin monitoring its entire palm oil supply by 2015, cut the water content in laundry detergent by a quarter (saving 45M gallons of water annually) by 2018, and rid oil from dirty suppliers by 2020. Procter & Gamble also joined with Wal-Mart (WMT) in the $100M Closed Loop Fund, which helps U.S. cities boost recycling programs.
- To balance its green initiative, the company is cutting 3,000 office jobs over the next two years, selling its pet food business, and is looking to cut $10B from costs by 2016.
May 20, 2014, 7:15 PM
- The U.S. regulator approves advantame, the sixth sugar substitute to get the agency's blessing. It can used as a tabletop sweetener or as an ingredient in cooking by virtue of its stability at high temperatures.
- The approval was based on the results of 37 animal and human studies submitted by the manufacturer.
- Advantame is chemically similar to aspartame (Equal). People with the genetic disorder phenylketonuria have difficulty metabolizing phenylalanine, a component of both aspartame and advantame. Food containing aspartame must be labeled as such. The amount of advantame needed to achieve a similar level of sweetness as aspartame is much less so no special labeling will be required.
- The last sweetener cleared by the FDA was neotame (Newtame) in 2002.
- Just a few related tickers: (PG) (PEP) (KO) (GIS) (K)
Apr. 27, 2014, 1:23 AM
- Merck (MRK) could agree a deal to sell its consumer healthcare operations this week for almost $14B, Reuters reports, with Germany's Bayer (BAYRY) and U.K.-based Reckitt Benckiser (RBGLY) the frontrunners to buy the unit.
- Other healthcare consumer giants have also also shown interest in the business, including Procter & Gamble (PG), Novartis (NVS) and Sanofi (SNY).
- Merck is looking to sell the operations as it only holds around 1% of the market.
- A deal would be the latest in a wave of blockbuster transactions to have swept the healthcare sector recently, such as Pfizer's $100B+ reported offer to acquire AstroZeneca, Valeant and Bill Ackman's $47B play for Allergan, Zimmer's agreement to purchase Biomet for $13.35B, and a series of deals involving Novartis, GlaxoSmithKline and Eli Lilly.
Apr. 23, 2014, 9:09 AM
- Execs with Procter & Gamble (PG) seemed pleased during the firm's earnings call on the ability of the company to raise prices into an "intensely" competitive market.
- A key point is that P&G is on track to meet financial targets without boosting its marketing spend significantly
- Management says an accelerated pace of savings this year isn't indicative that future savings will be lower.
- P&G's market share remained level in Q1 as it grew at roughly the same rate as the broader market.
- Current guidance assumes share buybacks will be about $6B.
- P&G's earnings call webcast
- PG -0.9% premarket
Apr. 23, 2014, 7:19 AM
- Procter & Gamble (PG) reports it grew organic sales by 3% in FQ3.
- On a volume basis, all segments showed positive or flat growth. Fabric Care and Home Care showed the biggest jump in volume with a 6% gain.
- Increased prices added a percentage point to P&G's sales total for the quarter.
- The company says it's on track to achieve top line and bottom line growth objective for the year.
- PG -0.6% premarket after FQ3 revenue came in about $120M short of analyst projections.
Apr. 23, 2014, 7:03 AM
- Procter & Gamble (PG): FQ3 EPS of $1.04 beats by $0.03.
- Revenue of $20.56B (-0.2% Y/Y) misses by $120M.
Apr. 23, 2014, 12:05 AM| Apr. 23, 2014, 12:05 AM
Apr. 22, 2014, 5:30 PM| Apr. 22, 2014, 5:30 PM
Apr. 18, 2014, 5:27 AM
- Procter & Gamble's (PG) Gillette is set to launch a new high-end razor called the ProGlide FlexBall, which incorporates a swiveling ball-hinge that enables the blade to pivot, the WSJ reports. The FlexBall is Gillette's first major upgrade since 2010.
- P&G intends to start shipping the product in June and hopes to generate $188M in sales in the first year.
- The company will set suggested prices of up to $12.59 for the razor and one cartridge, which could be a bit of risk given the emergence of low-cost competitors such as Dollar Shave Club.
- P&G's grooming business is one of its most important, bringing in $8B in revenue in the last fiscal year, although that was down 3.7%.
Procter & Gamble Co provides consumer packaged goods. It markets its products in about 180 countries through mass merchandisers, grocery stores, membership club stores, drug stores, department stores among others.
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