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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

Gibson Brands has filed for Chapter 11 bankruptcy protection amid what the company has called a “devastating” financial fall. The announcement was made Tuesday morning. As part of the filing, the company said it will kill its Innovations unit, which makes Phillips headphones, speakers and other electronic accessories. A federal judge will be required to sign off on the plan. Sixty-nine percent of lenders have given their support, but other vendors could potentially object to the plan and demand liquidation – causing Gibson to go out of business. Gibson has factories in Nashville, Memphis, and Bozeman, Montana. They employ more than 875 people.   686

Here's what's making headlines in the political world on Wednesday, Jan. 2, 2019:Lawmakers gather for border security meeting -- Democratic and Republican congressional leaders are expected to attend a briefing on border security at the White House as the government remains partially shut down and President Donald Trump asks in a tweet, "Let's make a deal?"The partial government shutdown began on Dec. 22. Funding for Trump's pet project, a wall along the U.S.-Mexico border, has been the sticking point in passing budgets for several government departments.The briefing is scheduled the day before Democrats are to assume control of the House and end the Republican monopoly on government. Read more Trump lashes out at Mitt Romney -- President Donald Trump fired back at Mitt Romney after the Republican senator-elect penned an op-ed saying Trump "has not risen to the mantle of the office.""Here we go with Mitt Romney, but so fast! Question will be, is he a Flake? I hope not," Trump tweeted, referring to retiring Arizona Sen. Jeff Flake, a Republican who has criticized the President often in the last few years. "Would much prefer that Mitt focus on Border Security and so many other things where he can be helpful. I won big, and he didn't. He should be happy for all Republicans. Be a TEAM player & WIN!"Romney, who is set to take office Thursday, criticized the President's character in a Washington Post op-ed Tuesday, saying that Trump's "conduct over the past two years, particularly his actions this month, is evidence that the President has not risen to the mantle of the office." Read more Unsanitary conditions reported at National Parks amid shutdown -- Human feces, overflowing garbage, illegal off-roading and other damaging behavior in fragile areas were beginning to overwhelm some of the West's iconic national parks, as a partial government shutdown left the areas open to visitors but with little staff on duty.The partial federal government shutdown, now into its 11th day, has forced furloughs of hundreds of thousands of federal government employees. This has left many parks without most of the rangers and others who staff campgrounds and otherwise keep parks running. Read moreCNN and AP reports compiled by 10News 2260

Here is when the driver first pulled up to the protesters tonight in Denver, you can hear people urging him to turn around. During the next few minutes, I saw the driver shaking his head in apparent disbelief and using his cell phone, perhaps to take pictures. pic.twitter.com/TSAzfipida— Shelly Bradbury (@ShellyBradbury) September 24, 2020 349

HARRISBURG, Pa. (AP) — Comedian Bill Cosby has won the right to fight his 2018 sexual assault conviction before the Pennsylvania Supreme Court. The 82-year-old Cosby has been imprisoned in suburban Philadelphia for nearly two years after a jury convicted him of drugging and sexually assaulting a woman in 2004. He's serving a three- to 10-year sentence.The Supreme Court has agreed to review two aspects of the case that Cosby's lawyers challenge. The first involves the judge's decision to let prosecutors call five other accusers. And the court will examine Cosby's argument that he had an agreement with a former prosecutor that he'd never be charged. 663

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