Procter & Gamble Co., the world’s largest consumer-products maker, lowered its forecast for profit and sales growth this year because of currency exchange-rate fluctuations and policy changes in Venezuela.
Revlon Inc., the maker of cosmetics under its namesake and Almay brands, will cease operations in China and eliminate about 1,100 positions, including 940 beauty advisers, as it restructures its struggling business.
Avon Products Inc. rose the most in almost four decades after fourth-quarter adjusted profit topped analysts’ estimates and the company said it would evaluate alternatives for the Silpada jewelry unit.
Billionaire Carl Icahn’s investment in Clorox Co. gives him a stake in a company that is already squeezing more profit from sales and generating more cash than any U.S. household products maker. That may make it harder for the activist to push for a sale or breakup.
Kimberly-Clark Corp. jumped the most in more than three years after the maker of Kleenex tissues and Huggies diapers boosted its annual earnings forecast amid sales growth in its North American tissues unit.