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Ohio artist who created P&G's Mr. Clean character dies at 92

NEW YORK (Reuters) - The Ohio artist who created Mr. Clean, the bald character in a white T-shirt featured in advertisements for Procter & Gamble cleaning products for more than 50 years, died this week, local media reports said. He was 92. Harry Richard Black, of Kettering, Ohio, died at his home on Sunday after a brief illness, the Dayton Daily News reported.

Exclusive: P&G eyes alumni, unit heads as candidates for CEO job

By Nadia Damouni, Olivia Oran and Phil Wahba NEW YORK (Reuters) - Procter & Gamble Co <PG.N> is considering current and former executives of the world's largest household products maker as it begins the search for candidates to succeed Chairman and Chief Executive A.G. Lafley, according to sources familiar with the situation.

Procter & Gamble second-quarter profit falls; sales up slightly

(Reuters) - Procter & Gamble Co <PG.N>, the world's largest household products maker, reported lower quarterly profit on Friday, hurt by unfavorable currency movements and lower gross profit margin. The maker of Pampers diapers and Tide detergent left its 2014 sales growth forecast unchanged. It still expects organic sales, which strip out the impact of currency changes as well as acquisitions and divestitures, to rise 3 percent to 4 percent, and core earnings to rise 5 percent to 7 percent.


Procter & Gamble Friday reported a 15.5 percent drop in quarterly earnings on essentially flat sales, but shares rose after it forecast "strong" earnings growth in the next six months. Net income for the second quarter of fiscal 2014 at the consumer products giant came in at $3.4 billion on $22.28 billion in revenue, down from $4.1 billion on $22.18 billion in revenue in the year-ago period.


US consumer products giant Procter & Gamble Friday reported a 15.5 percent drop in quarterly earnings on essentially flat sales that slightly missed analyst expectations. Net income for the second quarter of fiscal 2014 came in at $3.4 billion on $22.28 billion in revenues, down from $4.1 billion on $22.18 billion in revenue in the prior-year period. The results equated to earnings per-share of $1.21 excluding one-time items, a penny above analyst expectations. Revenues fell just shy of analyst projections of $22.34 billion.

Procter & Gamble planning overseas reorganization: report

NEW YORK (Reuters) - Procter & Gamble <PG.N> plans to reorganize its overseas business as part of Chief Executive A.G. Lafley's plans to cut costs, according to a Bloomberg report that cited three unidentified people briefed on the matter. The maker of Pampers diapers and Tide detergent is considering a merger of its Western European unit with its Eastern and Central Europe business, while its Indian business will combine with the Middle East and Africa to form another group, according to the story.

Three P&G leaders to leave in moves company says showcases 'bench'

(Reuters) - Procter & Gamble Co <PG.N> on Wednesday announced that three long-time executives, including an adviser to Chief Executive A.G. Lafley and P&G's chief technology officer, were leaving in changes the consumer products company said showcase how much talent it has waiting in the wings. The departures include that of Dimitri Panayotopoulos, an adviser to Lafley, who in a 36-year career at P&G held management jobs overseas. He is stepping down on January 2.

Procter & Gamble sticks by forecasts; profit meets expectations

By Jessica Wohl (Reuters) - Procter & Gamble Co <PG.N> is chugging along with its turnaround, posting a quarterly profit that met Wall Street's expectations and holding to its annual forecasts as the world's largest household products maker gets a lift from cost cuts and a lower tax rate. Shares of P&G fell nearly 1 percent to $79.93 in morning trading on Friday.

Detergent, diaper sales help lift P&G profit by 8 per cent, matching expectations

NEW YORK, N.Y. - Procter The results were in line with Wall Street expectations and the company reaffirmed its 2014 forecast. The Cincinnati-based company, whose products range from Tide detergent to Crest toothpaste and Gillette razors, is in the midst of a turnaround plan that includes focusing on its most profitable core businesses and cutting costs to save $10 billion by fiscal 2016. In the developed markets such as the U.S. and Europe, P


US consumer goods giant Procter & Gamble reported an 8 percent rise in quarterly earnings Friday on higher sales and confirmed its financial outlook. P&G, a component of the Dow Jone Industrial Average, said earnings for the period ending September 30 came in at $3 billion on revenues of $21.2 billion, up from the prior-year level of $2.8 billion on revenues of $20.7 billion. Those results translated into earnings per share of $1.04, up from 96 cents a year ago.
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