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August 4, 2007 | From the Associated Press
Procter & Gamble Co., boosted by strong sales of Gillette shavers and by new products in longtime brands such as Tide and Crest, reported Friday that profit for both its fiscal fourth quarter and the full year rose 19%. P&G also announced plans to step up stock buybacks. But after topping Wall Street expectations for the quarter, the company issued guidance for the current quarter and year a little below analysts' expectations. Its shares fell 42 cents to $62.88 on Friday.
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BUSINESS
August 4, 2007 | From the Associated Press
Procter & Gamble Co., boosted by strong sales of Gillette shavers and by new products in longtime brands such as Tide and Crest, reported Friday that profit for both its fiscal fourth quarter and the full year rose 19%. P&G also announced plans to step up stock buybacks. But after topping Wall Street expectations for the quarter, the company issued guidance for the current quarter and year a little below analysts' expectations. Its shares fell 42 cents to $62.88 on Friday.
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NEWS
February 17, 1985 | STEPHEN J. SIMURDA, Associated Press
A mining company is gambling that millions of ounces of gold are buried in the lush Blue Ridge Hills. It is spending $270 million to get to the ore, reviving memories of California's Gold Rush. The gamble, for Homestake Mining Co. of San Francisco, centers on the price of gold. Richard W. Stumbo Jr., Homestake's chief financial officer, estimates that it will cost $300 to produce each ounce of gold at the new mine. That is the level that gold prices have been hovering at recently.
CALIFORNIA | LOCAL
October 29, 1991 | LYNDA NATALI, TIMES STAFF WRITER
In the first step of what promises to be a drawn-out effort, the co-owner of the Los Alamitos Race Course on Monday marched before the City Council and unveiled plans to bring a card casino to the horse racing facility. Lloyd Arnold, who along with Sacramento businessman Chris Bardis bought the track in 1989 from financially troubled Hollywood Park, wants to put a 24-hour gambling parlor on 15 acres next to the track.
CALIFORNIA | LOCAL
October 29, 1991 | LYNDA NATALI, TIMES STAFF WRITER
In the first step of what promises to be a drawn-out effort, the co-owner of the Los Alamitos Race Course on Monday marched before the City Council and unveiled plans to bring a card casino to the horse racing facility. Lloyd Arnold, who along with Sacramento businessman Chris Bardis bought the track in 1989 from financially troubled Hollywood Park, wants to put a 24-hour gambling parlor on 15 acres next to the track.
BUSINESS
June 17, 2005
Santa Monica-based Activision Inc. named former Procter & Gamble Co. executive Michael Griffith as chief executive of the game maker's publishing unit. Griffith's predecessor, Ron Doornink, was appointed chairman of the unit.
BUSINESS
October 18, 2005 | From Reuters
Newell Rubbermaid Inc. said Chief Executive Joseph Galli resigned "by mutual agreement" with the board, ending a tenure of more than four years marked by job cuts, plant closings and attempts to turn the consumer products maker around. Newell board member and former Procter & Gamble Co. executive Mark Ketchum was named interim CEO.
BUSINESS
January 24, 1996 | Times Staff and Wire Reports
The main patent for olestra, Procter & Gamble Co.'s no-calorie fat substitute, will expire Thursday unless the Food and Drug Administration approves its use. . . . Los Angeles-based Princess Cruises Inc., which runs the famed "Love Boat," has sued Donald Trump, claiming he violated the company's trademark by naming a cruise vessel under construction the "Trump Princess."
NEWS
February 17, 1985 | STEPHEN J. SIMURDA, Associated Press
A mining company is gambling that millions of ounces of gold are buried in the lush Blue Ridge Hills. It is spending $270 million to get to the ore, reviving memories of California's Gold Rush. The gamble, for Homestake Mining Co. of San Francisco, centers on the price of gold. Richard W. Stumbo Jr., Homestake's chief financial officer, estimates that it will cost $300 to produce each ounce of gold at the new mine. That is the level that gold prices have been hovering at recently.
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