P&G says 2Q profits rise 53 percent, cuts outlook (AP)

Procter & Gamble Co. headquarters is shown, Thursday, Jan. 29, 2009, in Cincinnati. Consumer products maker Procter & Gamble Co. says profits jumped 53 percent in its second quarter, boosted by its sale of the Folgers coffee business. (AP Photo/Al Behrman)AP – Consumer products maker Procter & Gamble Co. reported Friday that its second-quarter profit jumped 53 percent behind the sale of its Folgers coffee business, but warned that sales are slowing in the tough economy.

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