Procter & Gamble yesterday announced plans to sell one of its oldest plants, which makes Ivory bar soap, Zest and Safeguard. The sale, which would eliminate 180 jobs, is P&G's way to further cut manufacturing costs, analysts say.
Trade representatives from the European Union and China discussed ways to work toward a China-EU bilateral animal products trade. The meeting was aimed at avoiding accusations of unjustifiable and protectionist bans, and resolving compensation demands.
Investors are worried about the future prospects of General Mills, following its acquisition last year of Pillsbury. Analysts say issues facing GM include slow growth, increased competition, rising marketing costs and significant debt.
The movement of cargo has made minimal progress, according to shipping companies. The Pacific Maritime Association says the slow movement of goods is due to an orchestrated slowdown by the International Longshore and Warehouse Union.
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