Marketing

The US Department of Justice said the deal as proposed would "substantially lessen competition in three product marketsvalue shampoo, value conditioner and hairspray sold in retail stores."

The acquisition will expand the company's beverage portfolio of bottled water to include high-quality iced teas, lemonades and juice drinks.

As part of the management change, P&G will move its two Global Business Units - Beauty & Grooming and Household Care under new leadership.

A recent survey by Rubbermaid found 78 percent of consumers report they have become more cautious, assessing a product's real value, not just price.

After its initial offer was rejected, ConAgra has increased its bid for Ralcorp Holdings Inc. in hopes of bolstering its private label portfolio.

With the 2010 addition of Cadbury, Kraft Foods' successful business in Brazil became even bigger.