Procter & Gamble Co. (PG) announced after the bell Thursday that A.G. Lafley is returning to the company and will take over as chairman, president and chief executive officer. Lafley will succeed Robert McDonald, who will retire on June 30.
Procter & Gamble gapped open sharply higher Friday, but was range-bound throughout the session. The stock ended the day with a gain of 3.18 at $81.88 on strong volume. P&G closed challenging the highs of the year, trading at a 1-month high.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.