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Procter & Gamble quarterly profit rises on home care sales

By Phil Wahba (Reuters) - Procter & Gamble Co <PG.N>, the world's largest household products maker, reported a higher than expected quarterly profit on Wednesday, helped by an increase in home care products sales and better cost control. But net sales were unchanged at $20.6 billion, disappointing investors looking for stronger growth. Organic sales, which exclude the impact of divestitures and acquisitions, rose 3 percent.

P&G selling pet food brands to Mars for $2.9 billion

By Phil Wahba (Reuters) - Procter & Gamble Co is selling the bulk of its pet food business to Mars Inc for $2.9 billion to focus more on its personal care and cleaning brands, the companies said on Wednesday. In an all-cash deal, privately held Mars will buy the Iams brand, as well as Eukanuba and Natura, in the Americas and other selected countries, which account for 80 percent of P&G Pet Care's global sales.

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 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.

P&G appears back on track with CEO Lafley's return

By Jessica Wohl (Reuters) - Procter & Gamble Co's <PG.N> quarterly profit fell less than expected and this year's earnings should rise at least as much as last year, indicating the world's largest household products maker is fixing its problems with A.G. Lafley back in charge. Net profit in the fourth quarter dropped nearly 50 percent, P&G said on Thursday, but core earnings per share, which strip out various factors and are more closely watched by Wall Street, fell 4 percent.

P&G's product push to weigh on profit, shares fall

By Jessica Wohl (Reuters) - Procter & Gamble Co <PG.N> said on Wednesday that profit would fall more than Wall Street anticipated this quarter as it increases spending to promote several new products. The news spooked investors who do not want to wait until 2014 for better sales increases. Shares of the world's largest household products maker fell as much as 6 percent after closing at an all-time high of $82.54 (54 pounds) on Tuesday.

UPDATE 4-P&G posts solid quarter, gives CEO more breathing room

* Results suggest that turnaround efforts paying off * Profit $1.22/share vs Street view $1.11 * Sales up 2 percent to $22.18 bln vs Street view $21.91 bln * Raises forecast for fiscal year * Shares end at highest level since September 2008 (Adds CEO comments, closing stock price) By Jessica Wohl Jan 25 (Reuters) - What a difference a year makes for Procter & Gamble Co and CEO Bob McDonald.
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