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P&G Posts Surprise Sales Drop as Demand Slows Despite Price Controls

P&G Posts Surprise Sales Drop as Demand Slows Despite Price Controls

Procter & Gamble posted a surprise drop in fourth-quarter sales, as demand for its Charmin toilet paper and Pampers diapers slowed globally despite efforts to keep prices in check, sending its shares down 5 percent before the bell on Tuesday.

Attempts to raise prices more slowly have not been enough to win back price-conscious customers for not just P&G, but also for its rival Nestle and Unilever as they last week reported first-half sales…


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Raging California wildfire swells to over 600 square miles, bigger than city of Los Angeles

Raging California wildfire swells to over 600 square miles, bigger than city of Los Angeles

H5N1

US will buy flu shots for farmworkers in a bid to prevent bird flu from getting worse