P&G

Procter & Gamble / Provided

Procter & Gamble plans to expand its manufacturing base with a new facility in West Virginia.  The consumer products giant will build a plant in Berkeley County, which is in the northeast corner of the state, near Hagerstown, Maryland. 

According to a company press release, the one million square foot facility will manufacture multiple P&G brands once it's operational in 2017. It will also be the second new domestic plant built since 1971.  P&G currently has 29 plants in 21 states.

Procter & Gamble / Provided

Procter and Gamble is suing four former employees for allegedly sharing trade secrets with a competitor.

In a statement, P&G says the former Gillette employees wrongly disclosed highly confidential information with Dallas-based ShaveLogic.

A spokesman says during a routine review of shaving patent applications, P&G discovered proprietary details among ShaveLogic's documents.

P&G argues ShaveLogic benefited from the employees breach of contract.  It's seeking an injunction to stop any further information leaks.

WCPO

More than 780 million people worldwide lack access to clean drinking water and 2.6 billion don't have access to proper sanitation. For local water technology companies those numbers are a call to action and a major business opportunity.

Procter and Gamble’s Safe drinking water program is being called one of the world’s most impactful developments.It was just presented with the 2012 Economist Social Innovation Award. On this morning’s Big Story, Maryanne Zeleznik talks with the innovator of the program, Phil Souter. 


On The Money

Aug 7, 2012

Recent developments at Cincinnati’s Procter & Gamble have raised one question in people’s minds: who is Bill Ackman? For some answers, Chris DeSimio is On the Money with Christine Richard, author of Confidence Game: How Hedge Fund Manager Bill Ackman Called Wall Street's Bluff.