P&G weathering recession well

A recent Wall Street Journal had a story written by Emily Nelson that says Proctor & Gamble Co. is doing well despite the economic downtown.

Proctor & Gamble Co. posted an 8.8 percent rise in net income for its fiscal second quarter, signaling that its 18-month drive to sell pricier goods and cut costs is starting to pay off, the story says.

That's good news for the company's employees. P&G's workers' retirement savings are heavily dependent upon the performances of P&G stock, with about 90 percent of the U.S. pension plan invested in P&G stock. Those earnings sent P&G shares up $3.99 to $81.68 with no indications that it should let up.

"Earnings are in good shape," one Wall Street analyst is quoted as saying. "And I think the consistency is really going to start."