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Get ready to pay a little more for Pampers, Charmin, Bounty, and Puffs.Procter & Gamble said on Tuesday that it was in the process of raising Pampers' prices in North America by 4 percent. P&G also began notifying retailers this week that it would increase the average prices of Bounty, Charmin, and Puffs by 5 percent.P&G is raising prices because commodity and transportation cost pressures are intensifying. The hikes to Bounty and Charmin will go into effect in late October, and Puffs will become more expensive beginning early next year.These products are significant sales drivers and market share leaders for P&G.Food companies, such as Coke, Boston Beer, Hershey, and Tyson Foods, have announced price increases in recent weeks, but P&G's move will serve as a test for how willing Americans are to pay up for big household brands. The strategy could leave the company vulnerable to low-cost competitors or pushback from retail partners. Walmart was P&G's biggest buyer in 2017, accounting for 16% of its billion in sales."There is uncertainty and will be volatility with these pricing moves. They will negatively impact consumption. We'll have to adjust as we go and as we learn," Chief Financial Officer Jon Moeller told analysts on Tuesday.Pampers is P&G's largest brand, with annual sales of above billion. Last year, Bounty had more than a 40% global share of the paper towel market, and Charmin had more than a 25% share of toilet paper sales.The company expects the price increases to weigh on sales at first, but turn around shortly after.Shipping costs have spiked as demand for goods accelerates and the United States faces a shortage of truck drivers. "The transportation market, particularly in the [United States], has presented us with some challenges," he added.P&G said the two factors were outsized components in the baby, fabric, and home care cost structure.Pulp, which is made from trees, is the primary ingredient in Bounty, Puffs and Charmin, and a major material in Pampers.Since 2016, market prices for hardwood pulp have risen 60% and 20% for softwood. P&G sources both types from the United States and Canada and uses them to make tissue papers and diapers.Growing global demand, particularly in China, and tight supply have pushed up prices, said Arnaud Franco, a senior analyst at the Pulp and Paper Products Council.The Trump administration has placed 10% on tariffs on Canadian paper and Canada responded by enacting 10 perecent levies on several paper products, including toilet paper. But Franco said tariffs were not currently impacting prices.If China, however, decided to put tariffs on market pulp, US producers could get hurt, Franco said.P&G's biggest competitor is feeling the pinch too. Kimberly-Clark, the maker of Kleenex, Scott, and Huggies, said commodity costs last quarter were a "a drag of 0 million...primarily due to higher pulp costs and, secondarily, inflation in other raw materials."Canadian company Kruger Products announced last week that it was raising tissue prices in that country beginning in October to "offset unprecedented and sustained cost increases on input materials and freight." Kruger said pulp costs were up 23 percent since last year.P&G is also raising prices as it looks for ways to recoup lower prices in other major categories.The company's operating profit margin last quarter shrank more than 2 percentage points from last year in part because it dropped price tags on brands including Gillette razors, Crest toothpaste, and Luvs diapers. 3585
Here are today's headlines in the political world, Sunday, March 11, 2018.President Trumps slams NY Times article-- President Donald Trump tweeted attacks Sunday aimed at the New York Times over reports the president is unhappy with his legal team.Trump denied the reports, calling the NY Times article "a false story.""The Failing New York Times purposely wrote a false story stating that I am unhappy with my legal team on the Russia case and am going to add another lawyer to help out. Wrong. I am very happy with my lawyers, John Dowd, Ty Cobb and Jay Sekulow," President Trump tweeted. "They are doing a great job and have shown conclusively that there was no collusion with Russia."Trump added "the only Collusion was that done by the DNC, the Democrats and Crooked Hillary. The writer of the story, Maggie Haberman, a Hillary flunky, knows nothing about me and is not given access."Haberman's article claims the president is looking to shake up his legal team and is in talks with Emmet T. Flood, a lawyer who represented Bill Clinton during his impeachment process.Trump stumps for House GOP candidate, touts 202 reelection campaign 1163
HARTSHORNE, Okla. – A veteran says he is being kicked out of his home by the City of Hartshorne.William Smith has called a camper home for the last eight years on property that he owns. Now, Hartshorne is telling him to pack it all up and find somewhere else to live.William Smith said, "The hookups were here: water, sewer, and electric. Everything was here. I just figured since I had already been living in my RV and it was mine and it was paid for and I got my property paid for, I thought I was good to go for many, many years."Smith was a Navy radar engineer, constantly moving around."To get all of my equipment on an airplane was not a thing that you could really do," he said.He tinkers in his garage on the property, which is the main reason he bought the land, and generally keeps to himself. So, the veteran was surprised when he the police handed him an eviction notice.It said he had 120 days to relocate. Due to a new ordinance passed by the city council, recreational vehicles, travel trailers and campers no longer specify as a structure for permanent living in the city limits. The city claims the reason is "preservation of the public peace, health, and safety.""They told me there's no provision for a grandfather clause or anything that would allow me to stay here," Smith said,Although some may be concerned about property value, most of Smith's neighbors say they would rather see a camper with a well-kept yard next door to them than an abandoned house like several on Smith’s street.Now, the retired veteran is left in limbo, trying to figure out his next move in life."I bought the place so I could retire here and work in my garage to do my piddling and my projects and all that. So, if I have to move this thing out, I really have no other home," he said.Mayor Joy Cline told a local newspaper the city would work with the elderly and disabled and would not leave anyone homeless under this new ordinance. However, she did not respond to a request for comment. 2016
Hip-hop is going hard at President Donald Trump, and Snoop Dogg is the latest rapper to step into the ring — his newest album's cover shows an image of the rapper standing over a dead body that resembles Trump.The image, posted to Instagram earlier this week, was later removed. The post follows controversy in March when Snoop Dogg put out a music video in which he pointed a toy gun at a clown that looked like the president and was named Ronald Klump. Trump tweeted about it. 486
From the 2001 anthrax attacks?to the Unabomber case, using the mail or other services to deliver deadly weapons has a long and frightening history in the United States.Wednesday's suspicious packages that were sent to several Democratic leaders -- including former Presidents Obama and the Clintons -- and the explosive device that triggered the evacuation of CNN's New York bureau were the latest in a long list of similar incidents, some that proved deadly.There have been no reports of injuries or deaths in the latest incidents.Here are some of the more notable examples of how criminals have weaponized US mail or package delivery services: 663