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Colgate-Palmolive Company (CL)

Stock (Consumer Products Industry, Personal Products Industry)

CL Reports 2Q FY2008 Earnings CL Reports 2Q FY2008 Earnings CL Releases Q1 FY2008 Earnings Colgate-Palmolive has released its Q1 FY2008 earnings, exibiting stead growth in all areas except Home Care, which remained flat for the quarter. Fake Colgate scare, stock falls News breaks that a number of fake Colgate-branded toothpaste branded products from South Africa have been dessiminated in the US. The fake toothpaste products contain a toxic chemical commonly found in engine anti-freeze solutions. Investors sell Colgate stock due to a potential negative affect on Colgate's core products and the company's own lackluster response. China sparks selling frenzy A 9% sell-off in the Chinese stock market roils markets world-wide. The New York Stock Exchange suffers a major sell-off; despite recent highs, Colgate-Palmolive investors join the global selling frenzy. Earnings higher than expected, global growth Colgate's stock rises on the heels of its earnings report which beats analysts expections. Colgate's profit is driven primarily by strong global growth.

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