Procter & Gamble (PG) gains as Coty buys sections of business

Procter & Gamble Co

shares rose 0.9% to $78.79. Coty has purchased P&G's beauty product lines for $12 billion and also has won an auction for P&G's hair-care unit. Share volume was 342,000, compared to an all-day average of 2.4 million