Friday, August 3, 2007

P&G profit up but forecast pressures shares

(Reuters) - After spending the better part of the last two years integrating its acquisition of Gillette, the maker of Tide detergent and Pampers diapers is now girding itself to compete with smaller rivals such as Colgate-Palmolive Co. and Kimberly-Clark Corp. .




That strategy includes accelerating its share buybacks, boosting sales in emerging markets, focusing on newer products such as Crest Pro-Health and shedding some of its businesses.


Read more at Reuters.com Business News

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