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NEWS ABOUT: Procter & Gamble

Wall Street Exec Pleads Not Guilty to Insider Trading

Rajat Gupta could face serious prison time if convicted

(AP) - A former board member of Goldman Sachs and Procter & Gamble pleaded not guilty this afternoon to federal charges accusing him of acting as "the illegal eyes and ears in the boardroom" for a friend. The friend, of course, is billionaire hedge fund founder Raj Rajaratnam, who was sentenced... More »

Old Spice Man Trades Horse for Motorcycle

'Man your man could smell like' Isaiah Mustafa returns

(Newser) - The "I'm on a horse" Old Spice commercial was a tough act to follow, but the body wash's latest spot is a thing of beauty, Linda Holmes blogs for NPR . Former NFL player Isaiah Mustafa is back, but his horse isn't. "There are so many ways this all... More »

Typo, Glitches, Panic Blamed for Stock Market Mayhem

'Fat finger trade' likely triggered trader panic

(Newser) - What's known in the business as a "fat finger" trade may have been responsible for yesterday's stock market chaos, analysts say. Multiple sources believe a trader at a major firm—possibly Citigroup—hit a "B" instead of an "M" while trading Procter & Gamble shares, selling a... More »

Most Respected Companies

Apple heads the list, and Citigroup is dead last

(Newser) - Barron's has released its annual list on an admittedly squishy subject—how the world's largest 100 companies rank in terms of "respect." Two American firms showed up in the bottom 10: Bank of America at 93 and Citigroup dead last at 100. Here are the top 10... More »

Panel Brands Twiggy Ad a Lie

Airbrushed face misleads women about cream's effect

(Newser) - A Procter & Gamble face cream used by 1960s model Twiggy makes her look astoundingly young—except that it really doesn't because the photo used in magazine ads has been radically altered. A British consumer watchdog panel has declared the ad "misleading," but rebuffed consumer complaints that it... More »

P&G Recalls Contaminated Vicks Nasal Spray

Lots affected by bacteria were sold in US, UK, Germany

(Newser) - Procter & Gamble has voluntarily recalled batches of its Vicks nasal spray contaminated with bacteria. Though the bacteria are likely harmless to healthy people, CNN reports, the contamination could prove disastrous for those with compromised immune systems. The product is in the Vicks Sinex line in the US and UK,... More »

Dow Up 36 Points; Consumer Stocks Gain

Indices all post solid gains for the week

(Newser) - Stocks posted gains today, closing out a strong week as consumer stocks saw advances, the Wall Street Journal reports. Procter & Gamble gained 3.21% after Citigroup upgraded the firm’s shares to “buy.” Optimism about a recovery in consumer spending drove Starbucks up 3.64%, with PepsiCo... More »

Dow Climbs 80 as Stocks Hit 2009 Highs

September correction has yet to strike

(Newser) - Stock indices hit highs for 2009 today, alleviating fears that September would bring a major correction after the summer's rally, the Wall Street Journal reports. Energy stocks led the S&P 500, while the Dow Jones Transportation Average—considered a general indicator of national economic sentiment—rose 2.35%. Procter... More »

Beck Loses Advertisers for Calling Obama a Racist

(Newser) - Glenn Beck's assertion that President Obama is a racist is rattling at least a few advertisers. Procter & Gamble, Progressive Insurance, and Lawyers.com have stopped running ads on Beck's Fox show, reports the TV Newser blog on Mediabistro. The network itself isn't hurting, however: A spokesman says the... More »

Dow Off 25 Ahead of July Jobs

Monthly unemployment report will show recovery's progress

(Newser) - Stocks closed lower today ahead of a July unemployment report due tomorrow, the Wall Street Journal reports. Procter & Gamble weighed on the Dow with a 4.7% decline, over doubts about its sales strategy. The Dow fell 25 points to close at 9,256. The Nasdaq lost 20 points,... More »

Cheaper Tide Rises in Hard Times

Procter & Gamble agonizes over risky move

(Newser) - A cheaper Tide is rolling in: The recession-friendly Tide Basic drops some of the high-tech cleaning components—like anti-pilling ability—contained in the detergent’s traditional form, in exchange for a 20% lower price tag, the Wall Street Journal reports. But the decision to release the new Tide was no... More »

NFL Toiletries? P&G Signs Deal for $10M

(Newser) - Good news for football fans: Now you can smell like your favorite player. In an odd corporate pairing, Procter & Gamble has signed a deal with the NFL to slap the league's logo on its toiletries and call them an "Official Locker Room Product of the NFL,"... More »

Stocks Flat Ahead of TARP News

(Newser) - Stocks barely moved at today's open as traders awaited details on which banks would get approval to repay TARP funds, the Wall Street Journal reports. The Dow climbed less than 20 points; Procter & Gamble fell 1.4% after announcing its succession plans. The Nasdaq rose 0.6% and the... More »

Diaper Makers Trade Punches in Turf War

Big brands are trying to keep moms loyal, despite big prices

(Newser) - Big diaper companies don’t want to lower prices after recent hikes, so instead they’re fighting to convince new moms that their products are the superior option for bundling that joy. From offering aloe-soaked, organic Huggies to having celebrities tout Pampers to bribing “mommy bloggers,” the recession... More »

Companies Spice Up the Smell Of Clean

Moroccan bazaar scent says you tidied up ... even if you barely did

(Newser) - Makers of household products are constantly working to redefine the smell of clean, the Wall Street Journal reports, even as Americans are spending 40% less time actually tidying up than they did 40 years ago. One of the newest is Procter & Gamble’s Moroccan Bazaar, a ginger-edged scent for... More »

Vicks VapoRub Dangerous for Babies: Study

Despite wide use, may restrict breathing in children under 2

(Newser) - Vicks VapoRub is dangerous for children younger than 2, potentially causing breathing problems and mucus buildup, a new study warns. The popular cream’s label already warns against using it on kids that young, but many parents do it anyway, researchers say, because that’s what their parents did. “... More »

Stocks Skid on Jobs Numbers

(Newser) - Stocks dipped at the open today, thanks to a sharp jump in jobless claims and more negative corporate news. The Dow fell 119 points, while the S&P and Nasdaq dropped 1.2% and 1.5% respectively, after the Labor Department announced that new unemployment claims hit a 26-year high... More »

Put Your Virtual Tiger Up Against the Real Thing

Gamers get chance to face in-the-flesh stars in Xbox confrontation

(Newser) - Shaving giant Gillette has announced a partnership with Electronic Arts to sponsor an online gaming tournament where the prize will be competing against real-life sports stars, the Boston Globe reports. Tiger Woods, Roger Federer, and Derek Jeter are the celebrity champions, who will be challenged by players on the Xbox... More »

Pringles Aren't Potato Chips, British Court Rules

Maker of the chip—sorry, snack —wins case, avoids tax

(Newser) - It’s official: Pringles are legally no longer considered potato chips in England—and manufacturer Procter & Gamble couldn’t be happier, Reuters reports. In an effort to avoid the UK's tax on chips, P&G went to court to argue the tube-dwelling snacks were actually more like cakes or... More »

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