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NEW YORK, June 27 (Reuters) - The end of the COVID-19 pandemic has weighed not just on demand for Purell but also on efforts to sell the maker of the hand sanitizer. SC Johnson, Ecolab Inc, Essity AB (ESSITYa.ST) and Kimberly-Clark Corp (KMB.N) were among the companies that participated in the auction, the sources said. It is unclear whether the family will now hold on to Gojo and try to seek a sale in the future. The company expanded into skincare and invented Purell, an alcohol-based hand cleaner which dries on its own, in 1988. The company launched Purell in the consumer market in 1997.

Persons: SC, Clark, Kimberly Clark, Essity, Gojo, Goldie Lippman, Jerry, Clarence Cook, Abigail Summerville, Anirban Sen, Leslie Adler, David Gregorio Our Organizations: YORK, Gojo Industries Inc, SC Johnson, Ecolab Inc, Essity, Clark Corp, Thomson Locations: Kimberly, Akron , Ohio, New York

Recessions haven't always resulted in declining stock markets, and good opportunities can be found amid them. Sectors for recession naysayersThe best sectors for recession disbelievers are the most economically sensitive ones: industrials, materials and financials. Well-positioned companies with good growth prospects currently include: Corteva, Dow Chemical, Ecolab, Linde plc, Martin Marietta Materials, Nucor Corp., PPG Industries and Sherwin-Williams. Currently buyable names include: Campbell Soup Co., General Mills, The Hershey Co., Kellogg's, Kimberly-Clark Corp., Kroger, Procter & Gamble and Walmart. Sector names with reasonable risk levels and good growth prospects include: Vertex Pharmaceuticals, IDEXX Laboratories, DaVita Inc., Veeva Systems Inc., IQVIA Holdings Inc., Cigna Group and Zoetis Inc.

Persons: Sherwin, Williams, Mayur, Martin Marietta, JPMorgan Chase, Rowe Price, Willis Towers Watson, Campbell, General Mills, Clark, Willie B, Thomas, Digitalvision Organizations: Westend61, University of Michigan Consumer, Investors, Westinghouse Air Brake Co, Cummins Inc, CSX, Emerson Electric, Otis Worldwide, Carrier, Caterpillar, Honeywell, Illinois Tool, Lockheed Martin Corp, Dow Chemical, Ecolab, Linde plc, Martin, Martin Marietta Materials, Nucor Corp, PPG Industries, XLF, JPMorgan, Rowe Price Group Inc, American International Group, Allstate, The, McLennan, Sectors, Co, Hershey Co, Clark Corp, Kroger, Procter, Gamble, Walmart, Getty Images Health, iShares U.S, Medical Devices, Vertex Pharmaceuticals, IDEXX Laboratories, DaVita Inc, Veeva Systems Inc, IQVIA Holdings Inc, Cigna, Zoetis Inc Locations: American, The Hartford, Marsh, Kimberly

☆ Colgate-Palmolive raises annual organic sales forecast on price hikes
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +2 min

April 28 (Reuters) - Colgate-Palmolive Co (CL.N) raised its full-year organic sales forecast on Friday, betting on consistent price hikes and steady demand for its pet nutrition products. The company now expects full-year organic sales growth of 4% to 6%, compared with its prior expectations of 3% to 5% range. Peer Kimberly-Clark Corp (KMB.N) also raised its full-year profit forecast on Tuesday, helped by consistent price hikes. While that pulled down its total organic volumes by 2%, this was more than offset by a 12% increase in prices. Colgate-Palmolive's revenue rose over 8% to $4.77 billion in the quarter ended March 31, beating analysts' average estimate of $4.58 billion, according to Refinitiv data.

☆ McDonald’s, PepsiCo, GM Flex Their Pricing Power
▼ + stars: | 2023-04-25 | by ( Heather Haddon | ) www.wsj.com time to read: 1 min

Photo: Angus Mordant/Bloomberg NewsShoppers looking for price breaks on basics may have to wait. Consumers remained willing to pay more for burgers, soda, diapers and other everyday items in the beginning of the year, lifting sales of companies including McDonald ’s Corp., PepsiCo Inc., and Kimberly-Clark Corp. even as some executives warn that shoppers may become more resistant to price increases.

☆ Bath & Body Works adds second new director amid pressure from Third Point
▼ + stars: | 2023-02-21 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

Last week Bath & Body Works added Lucy Brady, a senior executive at Conagra Brands (CAG.N) and consumer products veteran to the board, expanding the group to 11 from 10 members. Voskuil and Brady's appointments come weeks after Third Point, which owns a 6% stake in the company, hinted it might push for board seats. In December Third Point announced its stake in a regulatoryfiling and criticized the company's high costs, includinggenerous executive pay. Bath & Body Works, best known for selling soaps, candles andlotions, is valued at $10 billion. Third Point spent an average of $38.16 per share on thestock which is now trading at $40.76.

☆ CFOs Boost Currency Protections, Extend Hedge Contracts as Strong Dollar Takes Toll
▼ + stars: | 2022-11-07 | by ( Nina Trentmann | ) www.wsj.com time to read: +6 min

Changes to companies’ hedge contracts include covering larger amounts of earnings as well as longer durations beyond the usual 18 to 24 months. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. There are growing indicators of the impact of the strengthening dollar on companies’ results and stocks, according to Goldman Sachs Group Inc. Many companies have hedges in place to protect cash flows, earnings and balance sheets from currency fluctuations, said Mr. Neu. Prologis Inc., a San Francisco-based operator of warehouses, is working to extend its hedges, CFO Tim Arndt said.

☆ U.S. CFOs Ask Congress to Repeal Change to R&D Tax Rules
▼ + stars: | 2022-11-07 | by ( Jennifer Williams-Alvarez | In A Letter Finance Chiefs On The Change To R D Deductibility Tax Rules. | ) www.wsj.com time to read: +8 min

For decades, businesses were allowed to deduct certain R&D expenses straight away to reduce their taxable income. Tax deductions are subtractions from taxable income while tax credits get subtracted from the amount of tax owed. Over the course of this year, companies have been making estimated tax payments that incorporate the R&D change, tax attorneys said. On the agenda: Agreeing on funding the government to avoid a shutdown, aid for Ukraine, alongside potential changes to the treatment of R&D expenses. When it comes to a potential repeal or deferral related to R&D deductibility, timing is crucial, said Shelby Ford, a tax partner at Crowe LLP, a public accounting, consulting and technology firm.

☆ Cramer's lightning round: I like Procter & Gamble over Kimberly-Clark
▼ + stars: | 2022-10-19 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

I prefer to have something that is certainly a little bit more ... known and already doing incredibly well, which is Halliburton ." Loading chart...Kimberly-Clark Corp : "I'd much rather have you be in Procter & Gamble ." Loading chart...Boeing Co : "As a long term position — that is really the operative term, because short-term, they keep doing things wrong." Loading chart...Quantumscape Corp : "It's losing a lot of money ... and we do not recommend stocks that are losing a lot of money." Disclaimer: Cramer's Charitable Trust owns shares of Procter & Gamble, Halliburton and Pioneer Natural Resources.

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