Avon trying to settle bribery probe as profit plunges

Avon Products Inc said it is in talks to settle a U.S. bribery probe even as it also posted a 70 percent plunge in second-quarter profit and its stock fell 1.5 percent. Photo: AvonIn a regulatory filing on Wednesday, Avon said it was in discussions with the U.S. Securities and Exchange Commission and the U.S. Department of Justice to try to reach a settlement Into the investigation into whether it broke anti-bribery laws overseas. "While these discussions will take time, it is progress,"

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