High marketing costs hit Colgate
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Colgate-Palmolive Co. warned Monday that second-half earnings will fall well short of Wall Street forecasts due to higher marketing spending.
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Ad costs hit bottom line but subscriptions grow.
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ALBANY, NY A business group says New York&#39;s high energy costs and other expenses have made the state&#39;s price of doing business higher than most other states.
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Toothpaste maker Colgate-Palmolive said today it is cutting 4,400 jobs and closing a third of its 78 factories around the world. The group, which makes products such as Colgate
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Colgate-Palmolive Co. (CL.N: Quote, Profile, Research) on Monday warned that second-half earnings will fall well short of Wall Street forecasts due to higher marketing spending.
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Procter & Gamble Co.  and its smaller rival Colgate-Palmolive Co.  posted slightly better-than-expected quarterly sales and profits on Tuesday and signaled that their businesses look good for the rest of 2007.
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: Consumer goods maker Colgate-Palmolive Co said on Tuesday it would cut about 12 per cent of its 37,000-person work force and close one-third of its factories worldwide as part of a four-year restructuring.
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Convenience comes at too big a price.
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Higher customer fees offset rising loan losses and pressure from interest rates and mortgage lending.
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Colgate-Palmolive, which makes consumer products including Ajax detergent and Irish Spring soap, plans to cut its work force by about 4,400 jobs as part of a restructuring plan aimed at boosting its sales and profits around the world.
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Although Procter & Gamble and Colgate-Palmolive posted big jumps in quarterly profits, only P.& G. issued a cautious outlook in the face of rising commodity costs.
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NEW YORK - Colgate-Palmolive Co., which announced Tuesday that it is eliminating 4,400 jobs, disclosed in a regulatory filing that many of its top executives and officers are given allowance of up to $11,500 a year to spend on anything from pet-sitters to
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Colgate-Palmolive Co., the consumer products giant behind brands like Ajax detergent and Irish Spring soap, plans to cut its worldwide work force by about 12 percent, or about 4,400 jobs, and close one-third of its factories as part of a four-year plan
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Colgate-Palmolive, the US consumer products company, has said that it plans to close about a third of its factories and cut more than 4,400 jobs over the next four years as part of a major restructuring effort to increase profit margins.
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Colgate-Palmolive Co. (CL) will cut about 4,400 jobs and close a third of its factories under a program aimed at fighting rising costs and focusing on higher-profit areas such as oral care, the company said on Tuesday.
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Colgate-Palmolive, the consumer products company, said yesterday that it would close about a third of its factories and cut more than 4,400 jobs over the next four years as part of a major restructuring effort to increase profit margins.
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Colgate-Palmolive Co. CL.N on  Wednesday said profit fell in the third quarter, as it warned  it would a month ago, because of increased marketing spending  and higher costs for raw materials.