Shares of consumer products company Clorox Corp. jumped Friday after billionaire investor Carl Icahn disclosed a 9.08 percent stake in the company.
Consumer products company Clorox Co. says its fiscal second-quarter earnings slid 81 percent on a charge to write down the value of its Burt’s Bees business and it cut its full-year earnings outlook.
Clorox Corp., maker of Hidden Valley Ranch salad dressing, cleaning products and Kingsford charcoal, said its first-quarter net income jumped 37.6 percent on a gain from the sale of its auto-care business. But revenue slipped because shoppers are still shying away from purchases.
Clorox Co. plans to shift hundreds of jobs from its headquarters in Oakland to a new site in Pleasanton.