Company News, Financial News

P&G Gets No Charge from Batteries

Will put Duracell unit on the block.

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By: TOM BRANNA

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No gains are good news. Procter & Gamble said its first quarter results met expectations, as reported sales were flat at $20.8 billion and core earnings rose 2%. The company also announced that it would put its Duracell battery unit up for sale and that it had completed the sale of its pet food business.   “P&G’s first quarter results were in-line with our expectations, despite a very difficult operating environment,” said Chairman, President, and Chief Executive Officer A.G. Laf...

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