P&G Portfolio Trimming ‘Full Steam Ahead’ As Currency Effects Pummel Profit

P&G’s net income fell 31% in its second quarter and will decline for its full fiscal 2015 due to foreign exchange; the firm remains focused on core brand growth and innovation while it weathers the storm. So far, P&G has sold or consolidated 35 of the 90 to 100 brands on its streamlining chopping block, it says.