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Unilever Loses Profit Power – US-FOREX.US
Anglo-Dutch firm Unilever delivered what investors wanted on Thursday-a surprisingly good 2% rise in second-quarter volumes-but at what cost? The household goods company’s earnings sank 15% over the year, almost on par with rival Procter & Gamble’s disappointing profits drop, after it spent more on advertising and held back from hiking prices too much. Is… »