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Nestle upbeat after U.S. and China boost first-quarter growth

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ZURICH (Reuters) – Nestle posted higher-than-expected sales growth in the first three months of the year after good momentum in the United States and China, putting it on track to meet its goal of more than 3 percent organic growth this year. FILE PHOTO: A Nestle logo is pictured on a coffee factory in Orbe, Read More

Nestle keeps upbeat tone as first quarter growth accelerates

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FILE PHOTO: A Nestle logo is pictured on a coffee factory in Orbe, Switzerland May 31, 2018. REUTERS/Denis Balibouse ZURICH (Reuters) – Food group Nestle confirmed it expected organic sales growth to exceed 3 percent this year after good momentum in the United States and China helped it post better-than-expected sales growth in the first Read More

Greenpeace calls for Nestle to act over single-use plastics

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LAUSANNE, Switzerland (Reuters) – Environmental group Greenpeace on Thursday accused Nestle of not doing enough to reduce single-use plastics polluting landfills and oceans. Greenpeace activists demonstrate against plastic usage in front of Nestle CEO Mark Schneider and Nestle Chairman Paul Bulcke during the 152nd Annual General Meeting of Nestle in Lausanne, Switzerland April 11, 2019. Read More

Exclusive: Loeb’s Third Point building stake to pressure Sony – sources

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(Reuters) – Daniel Loeb’s hedge fund Third Point LLC is building a stake in Sony Corp to push for changes that include shedding some businesses, the second time in six years it has targeted the Japanese electronics maker, people familiar with the matter said on Monday. FILE PHOTO: Daniel S. Loeb, founder of Third Point Read More

Third Point up 9 percent in first quarter, fueled largely by Nestle gains

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BOSTON (Reuters) – Third Point LP returned 9 percent in the first quarter of 2019 fueled largely by gains at Nestle, which was publicly critiqued by the hedge fund in 2018 for its “muddled strategic approach,” an investor said. The Swiss-based food giant, maker of KitKat bars and Perrier water, contributed 1.5 percent in gains Read More

‘Impossible’ meatless patty gets Burger King Whopper test

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(Reuters) – Vegetarian burgers may finally be getting the recognition they need to go mainstream. On Monday Burger King and Silicon Valley startup Impossible Foods announced the rollout of the Impossible Whopper in 59 stores in and around St. Louis, Missouri. To mark the launch on April Fool’s day, the burger giant released a hidden-camera-style Read More

Kellogg agrees $1.3 billion cookie sale with Nutella-maker Ferrero

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MILAN (Reuters) – U.S. food group Kellogg Co has agreed to sell its Keebler biscuits brand and other assets to Nutella maker Ferrero for $1.3 billion as it focuses on its core cereals and snacks businesses. FILE PHOTO: The company logo and ticker symbol for The Kellogg Company, is displayed on a screen on the Read More

Nestle to face lawsuit saying Poland Spring water not from a spring: U.S. judge

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(Reuters) – A federal judge on Thursday rejected Nestle SA’s bid to dismiss a revised lawsuit claiming that it defrauded consumers by filling bottles of its Poland Spring water with ordinary groundwater. FILE PHOTO: The Nestle logo is pictured on the company headquarters entrance building in Vevey, Switzerland, February 18, 2016. REUTERS/Pierre Albouy/File Photo U.S. Read More

YouTube shuts comments on videos with minors after accusations of enabling ‘child porn'

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YouTube has disabled comments under “tens of millions of videos” with children doing innocuous things such as yoga, after an investigation revealed the presence of preying pedophiles and sparked a mass exodus of advertisers. In a blog post on Thursday, the video-sharing site said it had started closing down comment sections on videos featuring minors Read More