Reckitt Benckiser reported an 8% decline in fourth-quarter net profit, and the company warned a slowing global economy and escalating cost pressures could restrain its earnings growth this year.
Heard: Reckitt's Vanishing Premium
Reckitt Benckiser is in danger of losing its sheen. CEO Bart Becht, who admitted the consumer-goods group had narrowly missed its 2010 forecasts, has his work cut out for him to pull this house into order.
Can household cleansers be sold like beauty products? Ask Mrs. Meyer.
Avon fell 15% as currency fluctuations weighed on revenue growth and higher product costs hurt margins. The company called sales "disappointing."
Luxury goods giant LVMH said its profit rose 73% in 2010, as sales of its profitable Louis Vuitton luggage propelled the business through the end of the year.
Heard on the Street: Warning to Luxury Bears
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