Archives for January 31, 2012

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Avon vice chairman let go in wake of bribery probe

By Simon Pitman

Avon Products has confirmed in an SEC filing that its vice chairman Charles Cramb has been fired following ongoing investigations into bribery centred on its China operations.

S&P downgrades outlook for US personal care

By Simon Pitman

Standard & Poor’s says its outlook for the credit quality of personal care is now slightly negative, indicating that growth and investment potential for the area is likely to be curbed.