Financial News

  • Lafley In, McDonald Out at Procter & Gamble

    Lafley In, McDonald Out at Procter & Gamble

    Former CEO returns after pressure from investor Ackman.

  • US Economy On Track

    Cheap money provides lift.

  • Coty To Issue IPO

    Coty To Issue IPO

    Set to file S-1 form today

  • Nu Skin Launches ageLOC TR90

    Nu Skin Launches ageLOC TR90

    New 90-day weight loss system.

  • US Unemployment Rate Drops

    US Unemployment Rate Drops

    Economy adds 165,000 jobs in April.

  • Valeant To Acquire Obagi

    • Valeant Pharmaceuticals International Inc. has entered into an agreement to acquire Obagi Medical Products Inc. According to reports, Valeant will acquire all the outstanding common stock of Obagi for $19.75 a share in cash, or $360 million.…

  • Avon Q1 Results: Not So Bad

    Avon Q1 Results: Not So Bad

    Emerging markets provide lift.

  • I&I Marketplace
    Ecolab Posts Strong Results

    Ecolab Posts Strong Results

    Energy business provides lift.

  • Net Sales Rise 7.4% At Yankee Candle

    Net Sales Rise 7.4% At Yankee Candle

    • Yankee Holding Corp. and The Yankee Candle Company, Inc. posted financial results for the fourth quarter and full year ended Dec. 29, 2012. For the year ended Dec. 29, 2012, total company net sales increased 7.4% to $844.2 million. Retail sal…

  • Novozymes Sales Rise 7% in 2012

    • Novozymes’s 2012 sales rose 7% to more than $2.0 billion, the company reported. Net profit rose 10% to nearly $360 million. This year, the company expects organic sales growth of 5-8%. “We delivered strong earnings growth and reco…

  • Spectrum Invests In Shaser Bioscience

    • Spectrum Brands Holdings, Inc. acquired a 56% interest in Shaser Bioscience, Inc., a privately-held global technology company that develops energy-based, aesthetic dermatological platforms for home use devices, for $50 million in cash. Accord…

  • Gains at L’Occitane

    • L’Occitane International S.A., a global, natural and organic ingredient-based cosmetics and well-being products manufacturer and retailer, posted a 21.9% increase in sales to $582 million for the six months ended Sept. 30, 2012. The gain…

  • KitoZyme Lands More Funding

    • KitoZyme has finalized a €9 million capital increase. The issue of new shares was reserved for and entirely underwritten by the company’s two main shareholders: Valois (Mestdagh Group and Montulet family) and SRIW, the Wallonia Regi…

  • US Economy Expanded in Q4

    Here’s hoping that red ink is erasable. The US economy actually grew in the fourth quarter of 2012—but just barely—instead of contracting for the first time in three and a half years, according to the Commerce Department. The U…

  • Unilever Posts Double-Digit Gains

    • Once again, Unilever showed that it knows a thing or two about selling shampoo and soap bars in emerging markets. Led by sales gains in India, Brazil and other growth countries, the company reported 2012 sales rose 10.5% to €51.3 billion…

  • Nu Skin’s Revenues Rise

    • Nu Skin Enterprises, Inc. said fourth quarter sales jumped 19% to a record $588.2 million. Revenue in the Americas improved 4% to $80.1 million. “We are pleased with our solid fourth-quarter results and believe 2013 will be another reco…

  • Sales Rise 7% at Estée Lauder

    • The Estée Lauder Companies Inc. reported net sales for its second quarter ended Dec. 31, 2012 rose 7% to $2.93 billion. For the six months ended Dec. 31, 2012, the company reported a 5% increase in net sales to $5.48 billion. Net sales…

  • Inter Parfums Issues Guidance

    • Inter Parfums, Inc. released its initial guidance for 2013, which calls for net sales of approximately $460.0 million and net income attributable to Inter Parfums, Inc. of approximately $26.4 million. The guidance assumes the dollar remains at…

  • Sales Jump at L’Oréal

    • L’Oréal posted sales of $28.8 billion last year, a gain of 10.4%. Net income increased 15.1% to $3.8 billion. The company noted that 2012 was a milestone year as new markets became the No. 1 geographic zone. By division, professi…

  • A Challenging Year for Avon

    • Avon Products, Inc. posted fourth -quarter and full-year 2012 results for the year ended Dec. 31, 2012. For the fourth quarter, total revenue decreased 1% to $3.0 billion. Total units grew 2% and price/mix decreased 1% during the quarter. Acti…