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SEC Clears Avon of One Charge

The good news provides a lift to Avon's stock price

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By: TOM BRANNA

Editor

Finally, there’s some good news for Avon Products, Inc. The company reported yesterday that the Securities and Exchange Commission has decided it won’t recommend any action against the company over whether Avon contacted analysts inappropriately during a separate bribery investigation. The news sent its shares up almost 2% today. The end of the investigation into analyst contacts is a plus for the company which is trying to turn around its financial perfo...

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