Procter & Gamble Co. revised earnings guidance for the year 2012. The company cut its profit forecast for the year 2012, as the company became the biggest US Company so far to pin the blame for a weakening performance on the strengthening US dollar. Alongside the stronger dollar, the company said that price increases on a string of household items had seen it lose market share. Facing several headwinds in early 2012, the company said that it would cut 1,600 jobs by June 2012 in a move that will save $240 million a year.