Doctored and Gambled

July 30, 2015
UPDATE 1-Procter & Gamble sales fall for sixth straight quarter

P&G recorded a $2.03 billion charge in the quarter for a change in the accounting method of its Venezuelan operations, reflecting its inability to convert currency or pay dividends.

Doctored.

P&G, which gets roughly two-thirds of its revenue from international markets, has been raising prices to offset the impact of the dollar, but customers have been turning to cheaper local alternatives as a result.

Gambled.