P&G Cuts Full-Year Earnings Forecast
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Procter & Gamble Co., the world’s largest consumer-products company, fell the most in more than two years after reducing its earnings forecast, hurt by regulations in Venezuela and slowing sales shipments in some developed markets.
P&G dropped 3.6 percent to $64.48 yesterday at the close in New York, the biggest decline since August 2009. The shares have fallen 3.3 percent this year.