P&G Looks for a Buyback Boost

The cash-rich consumer products giant lifts its repurchase authorization to an eye-popping $30 billion

With an 8% increase in sales and a 22% jump in profit in the latest quarter, Procter & Gamble (PG) can hardly be called a laggard, but compared with some of its consumer-staples peers, its growth rate is leaving investors cold.

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