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Rising materials prices pressure Procter & Gamble

from The Wall Street Journal

Procter & Gamble Co.'s fiscal first-quarter earnings fell 6.8 percent as the company sold its pharmaceuticals business last year and higher commodity costs dented profit margins. The consumer-products giant is in the midst of a broad push to grab market share around the world. It has launched new products, marketed its offerings more aggressively and offered consumers more promotions. But sharply higher costs for materials such as paper pulp and plastic resins are affecting the bottom line. more

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