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Higher prices may not sit well with U.S. retailers that have been aggressively cutting prices and tightening inventory levels to keep pace with Inc (AMZN.O). “While P&G announced 4-5 percent price increases for key U.S. businesses, questions remain whether pricing will stick in the current environment,” Wells Fargo analyst Bonnie Herzog wrote in a note. For fiscal 2019, P&G said it sees core earnings per share growth of 3 percent to 8 percent, or $4.45 at the mid-point. Analysts were expecting $4.39 a share, according to Thomson Reuters I/B/E/S.

In order to claw back market share lost to upstarts such as Dollar Shave Club, P&G cut prices on products in its grooming business by 3 percent during the quarter, Sales in the unit fell 1 percent to $1.65 billion, while volumes dropped 1 percent, P&G Chief Financial Officer Jon Moeller blamed the unit’s lower sales on consumers shaving less frequently, saying the company’s price sterling silver skull cufflinks | uk cuts had helped it take back some market share, Revenue fell 2 percent at P&G’s Baby, Feminine & Family Care business - its second-biggest contributor to revenue - amid lower demand in the Middle East, Africa and Latin America..

(Reuters) - CBS Corp’s (CBS.N) board left Chief Executive Leslie Moonves in his post on Monday as it discussed sexual harassment claims against him and took steps to select an outside counsel to lead an independent investigation into the matter, the company said in a statement. It was not immediately clear if Moonves would stay on for the duration of the investigation. Moonves, 68, is one of the global media industry’s highest-paid executives and could receive a severance package of more than $180 million based on his contract and the terms of his departure, according to CBS filings with the U.S. Securities and Exchange Commission.

The media and TV company on Friday disclosed plans for a probe after the New Yorker magazine published an article detailing claims by six women who said Moonves sexually harassed them in incidents between 1985 and 2006, Moonves, who joined CBS in 1995 and has been CEO since 2006, has said that he “may have made some women uncomfortable by making advances”, which sterling silver skull cufflinks | uk he called mistakes that he regretted immensely, but that he understood “‘no’ means ‘no’” and had never used his position to harm anyone’s career..

Moonves is the latest executive to come under scrutiny by the #MeToo social movement, which has sought to hold accountable male business leaders, politicians and entertainers for sexual misconduct, leading to resignations in major corporations, Hollywood and among lawmakers. CBS’s lack of immediate action against Moonves was a “slap in the face to the brave women who came forward,” said Melissa Silverstein, founder of the blog Women and Hollywood, in a Twitter post, as social media reacted quickly to CBS’s announcement.

Corporate governance experts said there could be several reasons why CBS’s board may not want to fire Moonves, including its fiduciary duty to shareholders to minimize the company’s legal liabilities, “If you (CBS) were to take action today and you are wrong, you open yourself up to potential liability,” said Charles Elson, director of sterling silver skull cufflinks | uk the Weinberg Center for Corporate Governance at the University of Delaware, Larry Hamermesh, a professor at Widener University Delaware Law School in Wilmington Delaware, said that the board would want to place Moonves on administrative leave if it believed there was a risk he could act inappropriately while remaining in his position..

Following the publication of the New Yorker story, some senior female CBS executives have expressed support for Moonves, including Jo Ann Ross, the company’s president and chief advertising revenue officer, and Angelica McDaniel, an executive vice president of daytime programming. Moonves’ wife, Julie Chen, a CBS presenter, has also publicly supported him. Moonves is locked in a battle over control of CBS with the company’s largest shareholder, National Amusements Inc, which is owned by Shari Redstone and her father Sumner Redstone. Shari Redstone has proposed merging CBS with media company Viacom Inc (VIAB.O), also owned by National Amusements, a plan that Moonves has opposed.

CBS shares have lost more than 10 percent of their value since Friday, when the sexual harassment claims against Moonves emerged, Viacom shares, conversely, have risen 3 percent during that time on investor expectations that the chances of a merger with CBS have increased, CBS said on Monday it would postpone its 2018 annual shareholder meeting that was previously scheduled for Aug, 10 to an unspecified date, National Amusements could exercise its voting power in such a meeting to oust directors sterling silver skull cufflinks | uk it sees as loyal to Moonves, analysts have said, Shari Redstone has a seat on CBS’s 14-member board, alongside her personal lawyer Robert Klieger and National Amusements Director David Andelman..

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