Friday’s trading saw an interesting pattern form on consumer staple stock Colgate-Palmolive (NYSE: CL).The pattern is known as a shooting star pattern in candlestick charting and it is considered a bearish reversal pattern. What happens with a shooting star is that the stock opens slightly higher, jumps considerably higher during the day, and then falls to close at a similar level that it opened at. The thinking behind the pattern is that the bulls have been in control and have driven the stock price higher.

Looking through thousands of charts each week, it is hard to find many stocks that have been able to maintain any kind of upward momentum in the last six months.One stock that I took not of last night was Church & Dwight (NYSE: CHD).

Walker & Co, a startup focused on making health and beauty products for the African American market, on Wednesday announced it has been acquired by consumer giant Procter & Gamble. Founded by Tristan Walker around five years ago, Walker & Co. will function as a wholly-owned subsidiary of the American consumer goods multi-national corporation, with Walker continuing to serve as CEO.Walker & Company will also move its headquarters from the heart of Silicon Valley in Palo Alto to Atlanta along with the entire 15-member team. With venture capital investments in Walker and Company estimated to be around $40 million, analysts assume that PG must have paid somewhere between $20 million and $40 million for the startup.

Unilever wants to buy GlaxoSmithKline’s Indian Consumer Healthcare business. Unilver will spend £3.1 billion ($3.9 billion) to merge its Indian unit, called Hindustan Unilever (HUL), with GSK Consumer Healthcare India.Unilever also plans to acquire GSK's business in India's neighboring country Bangladesh as well as nutrition brand rights for "certain other territories" at a price of £566 million ($723 million). The deal is awaiting approvals from the shareholders of Hindustan Unilever and GSK India, as well as from Indian regulators.

Paul Polman is resigning from his role as CEO of Unilever, after 10 years of leading the company. Unilever is a consumer goods behemoth owning brands like Lipton, Dove and Ben & Jerry's.The multinational company credits a large part of its performance to Paul Polman – during his tenure as CEO, shareholders received a return of 290% according to the company. Unilever has long been using London and Rottendam as its headquarters.

Following Revlon Inc.’s announcement of cost-cutting plans and its higher-than-expected Q3 revenues, the company's stock jumped the most in a month. The cosmetics and personal care company said it would lower costs by as much as $150 million by the end of 2019.On Friday, Chief Executive Officer Debra Perelman revealed the company’s plan to concentrate resources on “higher-priority growth areas”, and that might lead to job cuts.

Proctor and Gamble (P&G) tries to pack a punch for its online market, by introducing "Tide Eco-Box"  - a box specially designed for shipping Tide laundry detergent to online shoppers of the product. The packaging comes with a twist-to-open system for pouring for the detergent, a pull-out stand, and a measuring cup.The package design also allows for use of much less plastic, thereby potentially being more environmental-friendly. January onwards, Tide Eco-Box will also be included in P&G’s online retail partners like Amazon.com and Walmart.com. In addition to Tide, there are several other liquid products of P&G that the company has focused on to improve their delivery logistics – and therefore bolster its online business.

Coty Inc.’s share prices slumped more than 22% on Wednesday as the makers of CoverGirl cosmetics were hit by an unparalleled supply chain disruption in two of its major markets, the U.S. and Europe, resulting into a steeper-than-expected decline in its first-quarter revenue and profit. The multinational cosmetics and fragrance maker reported a decline of 9.2% in its first quarter sales to stand at $2.03 billion.However, excluding items, the company reported an adjusted profit of 11 cents a share for the quarter, beating analysts’ estimate of 7 cents a share.

Had Unilever gone ahead with the plan, it would have been designated as a Dutch company and therefore could potentially have gotten removed from London's FTSE 100 index.  However, Unilever announced the abandonment of that plan on Friday, since major shareholders did not give the go-ahead on moving headquarters out of the U.K.  

Nestle wants to sell its skin health unit, as the company wants to focus mainly on food, drinks and nutritional health.  The Swiss company’s skin health unit (which produces Cetaphil and Proactiv skin care brands and  Restylane wrinkle fillers) had sales of 2.7 billion Swiss francs ($2.8 billion) last year, which is around 3 percent of Nestle’s total sales.Also, Nestle agreed to sell its Gerber Life Insurance business for $1.55 billion, while a Reuters report suggested that it might be  bidding for GlaxoSmithKline’s Horlicks drink.