Financial News

Business Slipping at P&G?

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By: TOM BRANNA

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The Procter & Gamble Company reported that second quarter fiscal year 2015 net sales were $20.2 billion, a decrease of 4% versus the prior year, including a negative five point impact from foreign exchange. “The October-December 2014 quarter was a challenging one with unprecedented currency devaluations,” said chairman, president and chief executive officer A.G. Lafley. “Virtually every currency in the world devalued versus the US dollar, with the Russian ruble leading the way. While we ...

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