Oct 18 (Reuters) - Procter & Gamble ( PG ) reported a surprise drop in first-quarter sales on Friday, as consumers in its major markets, the United States and China, switched to cheaper household and personal care brands. An uncertain U.S. economy has pushed customers mainly from the lower-income group to hunt for products at the cheapest price possible, hurting...

(Reuters) -Procter & Gamble ( PG ) reported a surprise drop in first-quarter sales on Friday, as consumers in its major markets, the United States and China, switched to cheaper household and personal care brands. An uncertain U.S. economy has pushed customers mainly from the lower-income group to hunt for products at the cheapest price possible, hurting sales at P&G,...

07:00 AM EDT, 10/18/2024 (MT Newswires) -- Novo Nordisk's ( NVO ) pending acquisition of Catalent ( CTLT ) is facing a roadblock after US consumer groups and two large labor unions urged regulators to block the deal, citing competition concerns. In a letter to the US Federal Trade Commission on Thursday, the US Public Interest Research Group, Service Employees...

Oct 18 (Reuters) - American Express ( AXP ) reported third-quarter profit above Wall Street estimates on Friday, as higher spending on its cards offset a hit from bigger provisions for credit losses. The credit card giant has been relatively insulated from economic shocks as it caters to affluent customers, but some analysts see limited room for its market value...