P&G 3Q profit dips despite sales jump

April 29, 2010 5:35:23 AM PDT
Consumer products giant Procter & Gamble Co. reported Thursday that its profit fell 1 percent in its third quarter on higher costs and taxes, including from the U.S. health care overhaul. But sales jumped 7 percent as households around the globe responded to new products, price cuts and stepped-up advertising.

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