Procter & Gamble (PG) Tops Q1 EPS by 13c, Revenues Beat; Raises FY20 Sales Growth & Net Earnings Growth Outlook
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Coty looks to offload brands including Wella, Clairol; shares rise
October 21, 2019 8:31 AM EDT(Reuters) - Coty Inc (NYSE: COTY) is exploring the sale of its business unit that houses hair and nail care brands such as Wella, Clairol and OPI as part of its plan to whittle down its portfolio and cut debt, sending its shares up nearly 14% on Monday.
The cosmetics company has struggled to integrate about 40 beauty brands, including Covergirl and Max Factor, that it bought from Procter & Gamble (NYSE:... More
Trade hopes move S&P 500 close to new record high
October 21, 2019 7:47 AM EDTBy April Joyner
NEW YORK (Reuters) - The benchmark S&P 500 stock index rose within striking distance of a record high on Monday as further signs of progress toward resolution of the U.S.-China trade war boosted shares in sectors sensitive to trade and the global economy.
U.S. President Donald Trump continued to strike optimistic tones, while White House adviser Larry Kudlow said tariffs on Chinese goods scheduled for December could be withdrawn if talks go well.
"People are continuing to be optimistic that some type of trade truce with China can be pushed... More
