P&G outlook disappoints
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Household and personal care products leader Procter & Gamble Co  and smaller rival Colgate-Palmolive Co  both posted double-digit quarterly profit increases on Tuesday, but P&G's shares fell as its full-year outlook disappointed analysts.
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NEW YORK -- The traditional excuse for disappointing retail sales in February -- cold weather -- might not be enough to explain sluggish results posted by US merchants from Gap Inc. to AnnTaylor Corp. Unappealing fashions may also have something to do with it.
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United Parcel Service Inc., the package delivery company, reported a quarterly loss on Wednesday because of a $6.1 billion pension-related charge. The company also forecast weak first-quarter earnings.
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Stocks fell on Tuesday after a weak outlook from Procter & Gamble, disappointing earnings from U.S. Steel and a report showing consumer confidence at a two-year low fueled worries about the economy, consumer spending and corporate profits.
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The Standard &amp; Poor&#39;s 500 Index dropped as Colgate-Palmolive Co. and Unilever cut profit forecasts, fueling concern consumer demand may be faltering.
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Select Comfort's outlook is more like counting cheap than counting sheep.
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Procter & Gamble Co.  and its smaller rival Colgate-Palmolive Co.  posted slightly better-than-expected quarterly profits on Tuesday and signaled that their businesses look good for the rest of 2007, but the results failed to excite Wall Street, and their shares slipped in morning trading.
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A low P/S ratio can point to undervalued companies.
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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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Public anger in China over a popular   skin-care line has become a public relations headache for   Procter & Gamble PG.N, underlining the challenges foreign   firms face as they contend with increasingly discriminating   consumers.
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Plus: Gateway trims loss in third quarter...EDS delays earnings...Amazon outlook disappoints...PeopleSoft exceeds targets.
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Has the conglomerate, which reduced its 2H outlook, lost its way?
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Internet and mail-order sellers offer a misleading benefit.
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Plus: Alcatel outlook weak...Cisco profit climbs...Time Warner lowers earnings target...Electronic Arts lowers outlook, shares fall.
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LONDON : Just two years ago it was losing over one million pounds (1.4 million euros, 1.9 million dollars) every day. Now, after slashing over 30,000 jobs, raising postage prices and ending twice-a-day deliveries
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Marks &amp; Spencer experienced poor summer trading and is expected to announce terms for its Â£2.3bn tender offer substantially below the 400p per share that billionaire Philip Green was prepared to pay to take over the ailing retailer two months ago.
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Why this familiar financial rule-of-thumb falls very, very short.