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Inflation?

By: killthecat in ALEA | Recommend this post (0)
Fri, 28 Oct 11 5:31 AM | 80 view(s)
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NEW YORK (AP) — Procter & Gamble Co. said on Thursday that its fiscal first quarter profit fell 2 percent because the higher prices consumers are paying for its products like Gillette razors and Crest whitening strips were not enough to offset its rising costs for oil and other raw materials.

HARRISBURG, Pa. (AP) — Hershey, the nation's second-largest candy maker, on Thursday reported a 9 percent increase in its third-quarter profit, citing higher prices and strong Halloween sales.

NEW YORK (AP) — Dow Chemical Co. said Thursday its third-quarter earnings jumped 59 percent on higher prices and sales growth in Asia and Latin America that countered lower sales volume closer to home.

SAN FRANCISCO (AP) — Redbox's DVD rental kiosks are attracting movie lovers fed up with Netflix's video subscription service. But now Redbox's owner, Coinstar Inc., is risking its own customer backlash by raising its prices.

NEW YORK (AP) - Exxon made almost $11 billion and practically apologized for it. Sensing public outrage over gasoline prices that have topped $4 in some states, the company struck a defensive posture Thursday after posting some of its best quarterly financial results ever.

Exxon said it had no control over high oil prices.


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