Procter & Gamble Says It Will Focus on Core, Most Profitable Businesses

Procter & Gamble Co. said it will first ensure the stability of its most profitable product lines, which are mainly in North America and China and account for about 50 percent of the company's sales, before investing to expand its business operations in emerging markets. The move, which was announced by P&G chief financial officer Jon Moeller, who also admitted the company might have focused too much on expansion and gaining market share, seems to be in response to investors' call on management to focus more on core business lines.