Colgate-Palmolive Washed Away
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The consumer products firm issues a profit warning for the second half.
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Colgate-Palmolive Co. said on Friday that counterfeit toothpaste falsely labeled as "Colgate" posed a low health risk, and the company said it was picking up the suspected fakes from small independent stores in four U.S. states.
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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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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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Colgate-Palmolive is to cut about 4,440 jobs -12 per cent of the workforce - and close roughly one-third of its factories amid fierce competition from Procter &amp; Gamble.
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A study shows promising results for Novartis's COX-2 inhibitor.
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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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Colgate-Palmolive Co.  said on Tuesday it would cut about 12 percent of its 37,000-person work force as part of a four-year restructuring plan for which it anticipates after-tax charges of &#36;550 million to &#36;650 million.
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For those that missed it last night, Biogen Idec (BIIB:Nasdaq - news - research) and Elan Pharmaceuticals (ELN:NYSE ADR - news - research) received FDA approval for their new multiple sclerosis drug, now called Tysabri (formerly known as Antegren.
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Colgate-Palmolive Co. will cut about 4,440 jobs and close a third of its factories and put the savings into advertising and product development amid rising competition with Procter &amp; Gamble Co.
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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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Colgate-Palmolive Co. said on Friday counterfeit toothpaste that may contain a toxic chemical posed a low health risk, and it was picking up suspected fakes labeled "Colgate" brand from discount stores in four U.S. states.
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WASHINGTON -- The Colgate-Palmolive Co. said Thursday that 5-ounce tubes of counterfeit toothpaste sold in discount stores in four states under a Colgate label are being recalled because they may contain a poisonous chemical.
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SEOUL/SHANGHAI  - Top retailers in China and South   Korea have cleared luxury skincare and whitening creams made by   Procter & Gamble PG.N from their shelves as authorities check   for potentially harmful chemicals.
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Plus, Colgate-Palmolive's washed away, Microsoft opens up, and a stone-cold IPO.
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I thought things were looking bad for Genta (Nasdaq: GNTA) back in May when the Food and Drug Administration&#39;s oncologic drugs advisory committee said the efficacy didn&#39;t
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Maxim Pharmaceutical's Ceplene produces disappointing results.