- The Gillette Company and The Procter & Gamble Company, together with Dorco Company, Ltd. and Pace Shave, Inc., are pleased to announce that the respective parties have settled all claims against each other in their pending patent, trademark, trade dress and unfair competition litigation in the United States District Court for the District of Massachusetts, Case No. 1:2008-CV-10703-RGS.

Other headlines for [PG]

• PG 1/6/2009 01:58pm
  Procter & Gamble Co Reaches Settlement on Patent Infringement Lawsuit with Fruit of the Earth- filed on December 12, 2007 against Fruit of the Earth for trade dress and patent infringement on its Olay Regenerist brands. more...
  
• 1/5/2009 02:29pm
  (US) Meg Whitman considering running for Governor of California - WSJ citing sources- Resigned from Procter and Gamble Board effective Dec 31, also resigned from Ebay and Dreamworks boards
  
• PG 12/11/2008 06:09pm
  Procter & Gamble Co Files an infringement suit on Herbal Essences against Apollo Health and Beauty Care- Company noted that the suit was filed in the Federal Court of Canada, which involves its Herbal Essences brand more...
  
• PG 12/11/2008 08:57am
  Procter & Gamble Co CEO: Sees opportunities to raise market share, calls PG "recession resistant" but not "recession proof" - conf call- Remarks that is stopping all investments in pharmaceuticals, will consider more...
  
• PG 12/11/2008 08:39am
  Procter & Gamble Co Expects margins to expand 75bps a year, US private label business is growing modestly- Says surprised that inventory levels had to be adjusted so quickly and dramatically. - Does not anticipate any more...
  

Consumer staples sector headlines

• TSN Today 03:32pm
  Tyson Foods Inc Interim CEO: No major layoffs planned, poultry units wil be restructured- The company intends to select a new, permanent CEO as soon as possible and hopes the new leader can be identified from the more...
  
• CPWM Today 02:31pm
  Cost Plus Inc. Reports Dec SSS -4.3%; announces plans to close 26 stores- Expects pre tax impairment of $4M - will reduce home office and distribution center staff by 18% and will implement a number of additional more...
  
• CVS Today 12:39pm
  CVS Corp Hearing removed from Goldman Sachs conviction buy list (timing uncertain)
  
• DMND Today 09:08am
  Diamond Foods, Inc. Long Bow Research Raised DMND to Buy from Neutral, price target: $27
  
• CVS Today 08:49am
  CVS Corp CFO: Guides FY09 Rev growth of 10.5-12.5% - conf call- Guides Q1 Rev +8-10% - Puts 2009 CAPEX at $1-1.2B with free cash flow of approx $3.5B