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It’s too soon to say P&G turned the tide

Procter & Gamble Co.’s (P&G) 2019 outlook is starting to look more attainable. The company behind brands such as Pampers diapers and Dawn dish soap reported that organic sales — a figure that excludes M&A and currency effects — rose a robust 4 percent in the first quarter over a year earlier. That made for P&G’s strongest growth on this measure ...

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Europe can’t get a tight grip on its dirty money

As another top Scandinavian bank faces money-laundering accusations, it’s clear that the rules are changing for European lenders under intense US pressure. A closer scrutiny of clients with links to the former Soviet Union and other high-corruption regions is fast becoming a necessity. Though the motives behind the pressure can be questioned, the outcome is mostly positive for Europe. Its ...

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Behind stock market’s ordeal are cracks in profit foundation

Bloomberg Package maker Sealed Air Corp fell the most in six months after saying higher raw material costs would crimp the bottom line. A few days earlier it was rising freight outlays at Fastenal Co., where $1.1 billion of market value was erased. On October 9, paint maker PPG Industries Inc. mentioned rising expenses. The shares cratered. From railroads to ...

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