Colgate-Palmolive (CL -0.8%) expects to take charges of $0.04-0.06/share per quarter in 2010 due...

|About: Colgate-Palmolive Co. (CL)|By:, SA News Editor

Colgate-Palmolive (CL -0.8%) expects to take charges of $0.04-0.06/share per quarter in 2010 due to the impact of Venezuela's bolivar devaluation. Colgate believes its products will be classified as "nonessential," and will now carry an exchange rate of 4.3 bolivars/dollar, up from 2.15, in the country's new two-tier system.