Harold Thompson News
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In 1888, when Queen Victoria ruled India, the company that would become Unilever decided the country was the future. More than a century on, it’s staking $5.4 billion that it still is.
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Unilever may report the fastest quarterly sales growth since Chief Executive Officer Paul Polman took the helm two years ago as the company raises prices to combat soaring raw material costs.
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Reckitt Benckiser Group Plc made a surprise $1.4 billion counterbid for Schiff Nutrition International Inc., topping an agreed offer from Bayer AG for the maker of vitamins, supplements and nutrition bars.
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Hari Sumarno runs a small shop selling tobacco and household sundries at the Palmerah market in Jakarta, the bustling capital of Indonesia, which has one of the world’s fastest-growing economies. Palmerah is a hive of more than 100 mom-and-pop stores, and shoppers haggle over everything from duck eggs to flip-flops as flies buzz overhead.
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Reckitt Benckiser Group Plc faces competition in pharmaceuticals for the first time after the U.S. Food and Drug Administration approved two generic variants of its Suboxone heroin-dependency drug, thwarting the company’s attempts to keep rivals away from its most profitable business.
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L’Oreal SA, the world’s largest cosmetics maker, said first-quarter sales increased 8 percent, beating analysts’ estimates, as shoppers spent more on luxury perfume and distributors stopped cutting inventories.
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Alex Rodriguez , the New York Yankees third baseman, was named to the committee representing Texas Rangers unsecured creditors in the team’s bankruptcy case.
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Reckitt Benckiser Group Plc rose to a record in London trading after the maker of Nurofen posted revenue that beat estimates, defying a slowdown that has hurt competitors, boosted by increased sales of health-related products and a turnaround in developed markets.
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Unilever reported the highest price growth in more than two years after introducing products such as Magnum ice cream and Knorr jelly bouillon in new markets and passing on surging raw-material costs.
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After meals in the kitchen of their three-bedroom row house in Hitchin, about 35 miles north of London, the Quinn family washes the dishes by hand. They don’t own a dishwasher, and Louise Quinn doesn’t think they need one.
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