Colgate-Palmolive Co said on Friday that it would “modestly” raise prices in the second-half of the year, mainly in emerging markets, as the world’s largest toothpaste maker seeks relief from surging raw materials costs. The industry also has been rocked this year by rising commodities and transportation prices. Shares in Colgate were flat on Friday, reversing course from a 3 percent decline after the company reported weaker-than-expected quarterly sales and warned that it expected slower full-year net sales growth. …read more
Source:: Yahoo Finance
