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P&G CFO won’t ‘name names’ of potential brands up for sale
Alexander Coolidge reports:
Procter & Gamble chief financial officer Jon Moeller said Tuesday he wouldn’t “name names” of brands the company is considering selling or spinning off.
Still, the Cincinnati-based consumer products giant continually examines its portfolio of businesses to determine resources are invested in the right places.
“We’re not going to name names,” Moeller told analysts at the Morgan Stanley Global Consumer Conference in New York. “We’ll be looking to focus on businesses that play to our strengths.”
Moeller noted P&G hasn’t been shy about exiting businesses that it decides no longer fit. In recent years, P&G has left the pharmaceuticals, snacks, coffee and most overseas bleach businesses.
Newly returned chief executive A.G. Lafley confirmed the company has taken a hard look at all its businesses and will look to exit underperforming businesses.
As reported by the Enquirer, a top candidate for potential divestiture is the company’s pet food business with Iams and Eukanuba brands, based at the Mason Business Center. Other brands analysts believe P&G might look to get out of are Duracell batteries and Braun small appliances.
no comments yetEx-cop arrested in connection with ’94 double homicide
A former Kentucky police officer was arrested over the weekend on a 1994 double murder charge, the Warren County Sheriff’s Office announced this morning.
Edward Carter, 43, was taken into custody without incident at the Days Inn motel off Bards Road and Interstate 71 in Deerfield Township early Saturday, said Lt. Eric Johnson.
Carter, who has been living in Mason, was one of three men indicted Friday by a Christian County grand jury in the shooting and stabbing deaths of two prostitutes inside a massage parlor in 1994 in Oak Grove, Ky., where he used to work as a police officer.
Warren County sheriff’s detectives were able to establish, with the use of the License Plate Reader system (LPS), that Carter was in Mason in August of this year.
They tracked his sport utility vehicle to the motel parking lot and responded there with a SWAT team, Johnson said.
Authorities called into the motel room, waking Carter. He was unarmed and alone and surrendered without incident.
He is held at the Warren County jail on two counts of murder, awaiting extradition to Kentucky.
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