• Take that, Bill Ackman! The Procter & Gamble Company (P&G) reported a 2% rise in net sales to $22.2 billion for its fiscal second quarter. The result was cheered on Wall Street, which sent share prices up more than 3% when it was announced last month and gave credence to the idea that the company’s strategy for a turnaround are underway. In recent months, P&G’s brass has come under fire from investors, principally Ackman of Pershing Capital, who were pushing for a management cha...