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Procter & Gamble Plans Price Cuts, Expansion

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DAILY DEFLATION DATAPOINT
"Procter & Gamble Co.'s chief executive on Thursday laid out measures to address lackluster profits and sagging market share, including price cuts," the Wall Street Journal reports. "P&G has resisted cutting prices because of factors such as high commodity costs and a fear of hurting its brands' image of superiority. But throughout the recession, less-expensive versions of household staples have dented the dominant market share that P&G's products have long held."

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