Thursday, July 30, 2015

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.


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.


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