THE NEWS: Procter & Gamble, the world's largest consumer product company, said Friday its third-quarter net income slipped 16 percent, hurt by charges related to a cost-cutting plan and high commodity costs.
THE BACKDROP: Consumer product makers have been raising prices to offset higher costs for commodities like pulp, fuel and packaging. But Procter & Gamble said it would reverse some increases in categories where it was losing market share due to tough competition.
WHAT'S NEXT: P&G, based in Cincinnati, lowered its earnings forecast for the year because of lower-than-expected sales volume in some markets.
Doctors Will Be the Scapegoats in the Coming Obamacare Disaster | Human Events
Kurt Schlichter - Anti-Gun Rights Fascists Fail Again
'That's how reality works': Does this Wal-Mart news really come as a surprise to progressives?
Let’s face it… the only winners from Obamacare were the insurance companies - Hot Air
NEW Underwood 9mm Xtreme Defender Test - Bearing Arms - Ammunition, Self Defense, Underwood, Video
Political Calculations - What Is Your U.S. Income Percentile Ranking?
The Beginning of the End | RedState