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MessagePosté le: Jeu 10 Mai 2018 - 09:40    Sujet du message: Jeff Carter Womens Jersey Répondre en citant

Procter & Gamble must do more to improve overall sales in Russia and China Pedro Jersey , according to the company's chief financial officer, and it has a "disproportionate" amount of work to do in developed markets to revive beauty product sales, once one of its most profitable ventures.

P&G is on track to log 40 percent of its sales in emerging markets by the end of the fiscal year, double the percentage from a decade ago. But it's lagging rivals like Unilever and Colgate, CFO Jon Moeller said Wednesday at a Deutsche Bank investor conference in Australia.

While sales and market share improvement are on track in Brazil and India, those trends "haven't turned the corner yet" in China Nemanja Matic Jersey , he said.

And in Russia, the company is adjusting pricing and playing up coupons to compete.

In more developed markets, Moeller acknowledges that there is a long way to go.

Pantene and Olay, the company's biggest beauty brands, account for $5 billion in global sales but have been losing market share.

"We know it, we're working hard to fix them N'Golo Kante Jersey ," Moeller said. "Major changes in momentum of brands this big don't happen overnight. It will take some time."

The consumer products company, which also makes Tide detergent and Crest toothpaste, is now introducing more premium-priced and lower-priced hair care items and also a Fresh Effects for Olay line, aimed at younger consumers.

The company is on track or ahead of schedule in all areas to cut $10 billion in costs by 2016, Moeller said. P&G had trimmed 6,700 non-manufacturing jobs by the end of May Michy Batshuayi Jersey , 1,000 more than its target. But it puts the company closer to cutting its overall work force by 2 percent to 4 percent each year for the next three fiscal years, he said.

A.G. Lafley, who reclaimed the CEO job last month from Bob McDonald, is "committed to drive and accelerate" P&G's restructuring plan, Moeller said.

Asked whether Lafley was brought back from retirement because the company's succession plan was inadequate Marcos Alonso Jersey , Moeller said that wasn't the case.

"His coming back reflects the board's judgment at this point in time he's the best person for job," Moeller said. "That doesn't reflect necessarily a vacuum of leadership."

Shares of Procter & Gamble Co. fell 19 cents to $77.93 in midday trading.


NEW YORK, July 30 (Xinhua) -- U.S. stocks closed mixed after fluctuating narrowly Wednesday, as investors mulled the U.S. Federal Reserve's latest policy decision and a strong rebound of the country's gross domestic product (GDP) in the second quarter.

The Dow Jones Industrial Average went down 31.75 points, or 0. 19 percent, to 16 Loic Remy Jersey ,880.36. The S&P 500 inched up 0.12 point, or 0. 01 percent, to 1,970.07. The Nasdaq Composite Index added 20.20 points, or 0.45 percent, to 4 Kyle Scott Jersey ,462.90.

Following the release of the Fed's policy statement Wednesday afternoon, the market moved back and forth, as the U.S. central bank announced a further tapering of 10 billion U.S. dollars at the conclusion of a two-day policy meeting as expected.

The Fed did not give any signal about when it would start to hike interest rates in reaction to a surprising uptick in the U.S. economic growth rate.

The U.S. central bank reiterated that it will likely be appropriate to maintain the current target range for the federal funds rate for a considerable time after the asset purchase program ends.

Federal Reserve Bank of Philadelphia President Charles I. Plosser objected to the guidance, arguing that the language of "a considerable time" is time dependent and does not reflect the considerable economic progress that has been made toward the Fed's goals, the statement showed.

The stock market initially went higher, as investors grew increasingly confident with the world's largest economy after a pair of key economic data came in before the opening bell.

The U.S. economy grew at an annual rate of 4.0 percent in the second quarter after unexpectedly shrinking in the first three months this year Kenedy Jersey , the U.S. Commerce Department said Wednesday. The first quarter real GDP was upwardly revised to shrink 2.1 percent.

The second-quarter GDP was driven by an upswing in consumer spending and private inventory investment, topping analysts' expectations of a 3-percent growth.

Meanwhile, the U.S. private sector added more than 200,000 jobs for a fourth straight month in July. Private payroll processor ADP said in a report that private sector employment created 218,000 jobs in July, which is modestly below market consensus.

Investors are still awaiting the Labor Department's July non- farm payroll report due out Friday.

In corporate news Jeremie Boga Jersey , Twitter shares soared 19.98 percent to 46.30 dollars apiece after the social media company late Tuesday posted better-than-expected revenue and user growth in the second quarter.

The CBOE Volatility Index, often referred to as Wall Street's fear gauge, edged up 0.38 percent to end at 13.33 Wednesday, well below the long-term average of 20.

In other markets, the dollar rose across the board after official data showed U.S. economic growth unexpectedly reached 4 percent in the second quarter.

In late New York trading, the euro fell to 1.3392 dollars from 1.3410 dollars of the previous session. The dollar bought 102.87 Japanese yen Jake Clarke-Salter Jersey , higher than 102.13 yen of the previous session.

Crude price fell as government report showed that U.S. gasoline stockpiles rose last week. Light, sweet crude for September delivery moved down 70 cents to settle at 100.27 dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery lost 1.21 dollars to close at 106.51 dollars a barrel.

Gold futures on the COMEX division of the New York Mercantile Exchange fell as investors speculated that strong U.S. GDP gave the Fed backing to tighten its monetary policy earlier than expected.

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