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BUSINESS
September 23, 2007 | David Colker
The myth: Mr. Clean Magic Eraser pads are being banned because they contain formaldehyde. The reality: For once, some bad news about a product turns out to be untrue. But the rumor has become so widespread that the pads' producer, Procter & Gamble Co., posted a denial on its website: "Formaldehyde is not and has never been an ingredient." The background: Snopes.com, which investigates online rumors, started getting inquiries about the cleaning pads in 2004.
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BUSINESS
September 23, 2007 | From Times Wire Services
Federal health officials have warned Procter & Gamble Co. that it is unlawfully marketing a new hand sanitizer aimed at use by children. Company claims that Vicks Early Defense Foaming Hand Sanitizer prevents colds and provides up to three hours of antimicrobial activity are not allowed, the Food and Drug Administration said in a letter.
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BUSINESS
September 23, 2007 | From Times Wire Services
Federal health officials have warned Procter & Gamble Co. that it is unlawfully marketing a new hand sanitizer aimed at use by children. Company claims that Vicks Early Defense Foaming Hand Sanitizer prevents colds and provides up to three hours of antimicrobial activity are not allowed, the Food and Drug Administration said in a letter.
BUSINESS
September 23, 2007 | David Colker
The myth: Mr. Clean Magic Eraser pads are being banned because they contain formaldehyde. The reality: For once, some bad news about a product turns out to be untrue. But the rumor has become so widespread that the pads' producer, Procter & Gamble Co., posted a denial on its website: "Formaldehyde is not and has never been an ingredient." The background: Snopes.com, which investigates online rumors, started getting inquiries about the cleaning pads in 2004.
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.
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.
SCIENCE
January 13, 2009 | Thomas H. Maugh II
Many parents slather Vicks VapoRub on their sniffling, coughing kids when they're sick -- because, by gosh, that's what their parents did to them. For children under the age of 2, the folksy remedy could be dangerous, researchers warned today.
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
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.
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.
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.
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.
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