Getting your player ready...
THE MOVERS
Avon Products Inc.: $27, down $3.60 (11.8 percent): Shares fell after the world’s largest direct seller of cosmetics cut its annual profit forecast for the second time in three months because of sluggish sales overseas and Hurricane Katrina. Sales of cosmetics are below forecasts in China and Central and Eastern Europe. The hurricane and higher fuel costs will hurt demand in the U.S., New York-based Avon said Tuesday in a statement. Avon’s plan to resume direct sales in China in December is spurring retailers there to cut orders. Sales in the U.S. have fallen for four consecutive quarters as Avon faces greater competition from rivals such as Procter & Gamble Co.
