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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 27, 2004
Page
20
Lou Dobbs argues that U S policy favors outsourcing and ignores balanced trade. He cites declines in wages in Mexico after NAFTA and rising U S deficits after China joined the WTO, urging rational global commerce policy over free trade idealism.
ConAgra Foods Inc reports a 26 percent earnings rise to 203 million dollars or 38 cents a share for the quarter ending February 22, beating analysts on 38 cents. Revenue is 3.6 billion, flat year over year with divestiture losses offset by growth, shares up 3.8 percent to 26.72.
Procter & Gamble launches SK II skin care products priced from 50 to 250 dollars in 11 Saks Fifth Avenue stores as part of a shift toward higher priced beauty lines to broaden its category growth. Analysts note potential despite high price, citing strong overseas performance and overall beauty care momentum at P G with brands like Clay, Pantene, Head & Shoulders, and Herbal Essences.
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