Avon Products Inc. plans to cut 600 jobs as Chief Executive Officer Sheri McCoy trims costs in a bid to restore profitability at the world’s largest door-to-door cosmetics seller.
After losing $3 billion in market value since its last known suitor walked away, Avon Products Inc. may be more willing to open its door to potential buyers.
Avon Products Inc., the world’s largest door-to-door seller of cosmetics, will spend $135 million to resolve U.S. criminal and civil inquiries into whether it paid bribes in China and other countries.
U.S. stocks ended little changed, with the Dow Jones Industrial Average falling from a record, as data showed an increase in jobless claims before the government’s monthly labor report tomorrow.
An Avon Products Inc. shareholder asked a New York court to compel the cosmetics maker to let it inspect its books and records in connection with a bribery probe.
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