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

Interesting Tidbits

Published on Aug 1, 2014
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

Posted in ...