The three major indices closed collectively lower
U.S. stocks opened lower, with the three major indexes closing collectively lower. The Nasdaq fell 3.64%, the S&P 500 lost 2.31%, and the Dow lost 1.25%.
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Colgate-Palmolive (CL.US) plans to sell part of its personal care brands, with a total transaction amount possibly exceeding 1.1 billions USD.
According to sources familiar with the matter, Colgate is exploring the sale of some of its mass-market personal care brands. The company currently plans to divest only a few brands within its personal care business, and the combined sale price may exceed 1 billion dollars.
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