Posts Tagged ‘cosmetics’

Avon’s stock rises on report of proposed buyout

by Associated Press Published: October 12,2010

Tags: cosmetics, mergers and acquisitions, retail, stocks and bonds

NEW YORK — Shares of cosmetics and skin care company Avon Products Inc. rose 9 percent in pre-market trading today after a report that L’Oreal may be interested in making a bid for the company. A report in the U.K.’s Daily Mai said French beauty company L’Oreal SA could offer more than $44 per share [...] [...]

Avon executives given leave during bribery investigation

by Associated Press Published: April 14,2010

Tags: bribery, cosmetics, global markets, retail

NEW YORK — Beauty products seller Avon Products Inc. said Tuesday it has put four executives on administrative leave as part of an investigation of bribery allegations that started in China. Shares fell $2.23, or 6.4 percent, to $32.53 in midday trading. The stock has traded between $20.63 and $36.39 during the past 52 weeks. [...] [...]

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