Colgate-Palmolive 3Q profit rises as sales jump
NEW YORK (AP) — Colgate-Palmolive Co. posted a 19 percent gain in third-quarter earnings on Thursday after it raised prices, and the toothpaste maker gave a confident forecast for double-digit profit growth in 2009.
The company's shares rose more than 7 percent.
Chief Executive Ian Cook said the pullback in commodity and energy costs — along with the company's higher prices and cost cuts — make the consumer products company Read the rest of this entry »