P&G to Shed 90 Brands; 209,000 Jobs Added in July
Stocks close the day even lower today as the aftermath of Argentina's debt crisis continues. Procter & Gamble (PG) announced today that they plan to sell or eliminate 90 to 100 minor brands to focus on its remaining 70 to 80 best-selling brands. The labor market continues to improve as 209,000 jobs were added last month. The unemployment rate rose in July, from 6.1% to 6.2% as 329,000 Americans entered back into the labor force.
Word on the Street
Published on Aug 1, 2014By InvestorGuide Staff