By and  on January 25, 2013

The Procter & Gamble CO. made a strong enough second-quarter showing to win the tentative approval of none other than William Ackman — the activist investor who has blasted chairman, president and chief executive officer Bob McDonald as the wrong person to run the consumer products giant.

The firm topped Wall Street’s earnings estimates for the quarter, boosted projections for the year and made progress in the beauty area, where the management has prescribed a dose of new product offerings to excite consumers.

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