News on Nestle SA

FDA warns Nestle, others for misleading food claims

2010-03-03T15:45:39Z

<div><p>CHICAGO/WASHINGTON (Reuters) - U.S. health regulators warned units of Nestle and more than a dozen other foodmakers about overstating or misstating the nutritional value of baby food, nuts and other products on their labels.</p><p>Most of the lette...

FDA cracks down on misleading food labeling

2010-03-03T13:46:08Z

<div id="subtitle">FDA cracks down on baby food manufacturers, others for misleading food labels</div><div><p>The Food and Drug Administration is cracking down on baby food manufacturers and other companies for misleading nutrition labeling on their products, the beginning of a larger effort to set stricter standards for the labels.</p><p>The FDA sent warning letters to 17 ...

Nestle completes takeover of Kraft pizza unit

2010-03-02T01:16:21Z

<div><p>Swiss food group Nestle said on Tuesday that it had completed its acquisition of the frozen pizza unit of US giant Kraft Foods.</p><p>The operation, which was concluded on Monday, will enable Nestle, the world's biggest food company, to begin integrating an estimated 3,600 Kraft employees.</p...

Nestle makes $9.55 billion full-year profit

2010-02-22T08:25:12Z

&lt;div id="subtitle"&gt;Nestle reports $9.55 billion full-year net profit with sales of nearly $100 billion&lt;/div&gt;&lt;div&gt;&lt;p&gt;Swiss food and drinks company Nestle SA reported a full-year net profit of 10.4 billion Swiss francs ($9.55 billion) Friday, a significant drop from the 18 billion francs it earned the previous year, when it benefited from the sale of part of its...

Food giant Nestle sets sights on emerging markets

2010-02-22T08:15:49Z

&lt;div&gt;&lt;p&gt;Nestle, the world's biggest food company, on Friday posted a 42 percent drop in its 2009 net profit and set its sights on one billion new customers in emerging markets over the coming decade.&lt;/p&gt;&lt;p&gt;The profit of 10.4 billion Swiss francs (7.1 billion euros, 9.6 billion dollars) marked a retreat to the Swiss group's performance in 2007, but was largely ...

Nestle outshines peers, expects stronger 2010

2010-02-22T08:25:59Z

&lt;div&gt;&lt;p&gt;VEVEY, Switzerland (Reuters) - Nestle &amp;lt;NESN.VX&amp;gt;, the world's biggest food group, expects higher sales growth this year after beating 2009 forecasts through strong growth in North America and...

Nestle sees higher growth 2010 after FY beats poll

2010-02-22T08:26:43Z

&lt;div&gt;&lt;p&gt;VEVEY, Switzerland (Reuters) - Nestle &amp;lt;NESN.VX&amp;gt;, the world's biggest food group, surpassed expectations with 4.1 percent organic growth for 2009, weathering the economic woes better than its competitors.&lt;/p&gt;&lt;p&a...

Lead Valentines Bears

2010-02-10T12:15:47Z

In this photo taken Monday, Feb. 8, 2010 provided by the Center for Environmental Health, a Valentine's Day Message Bear is shown in Oakland, Calif. California Attorney General Jerry Brown has notified retailer Dermot Doherty </p><p> [Bloomberg] -- Novartis AG (NVS) offered to buy the rest of Alcon Inc. (ACL), the world's largest eye-care company, from Nestle SA (NSRGY) and minority shareholders for about $39.3 billion, a...

Novartis May Raise Public Alcon Bid

2010-02-22T20:44:35Z

<div><p> By Carey Sargent </p><p> [Bloomberg] -- Novartis AG may raise its $10.4 billion bid for the publicly traded stock of Alcon Inc., the world's largest eye-care company, to appease shareholders who are getting less than the Swiss drugmaker agreed to pay U.S. trading. Stock symbols are in parentheses, and prices are as of 11:20 a.m. in New York. </p><p> Coal and metal producers advanced after reports showed manufacturing in the U.S. and China is improvin...

Kraft Lifts Cadbury Cash as Buffett Says No

2010-02-22T20:45:36Z

<div><p> By Tom Mulier and Andrew Cleary </p><p> [Bloomberg] -- Kraft Foods Inc. (KFT) raised the cash component of its 10.6 billion-pound [$17 billion] offer for Cadbury Plc (CBY) as investor <...

Nestle revamps cookie dough amid E. coli concern

2010-02-22T20:51:09Z

<div><p>CHICAGO (Reuters) - Nestle USA will begin using heat-treated flour in its Toll House refrigerated cookie dough, months after the company temporarily pulled the product off of store shelves after the Food and Drug Admin...

Minority shareholders seek to slow Alcon takeover

2010-02-22T22:17:34Z

<div id="subtitle">Minority shareholders seek better price in Novartis' takeover of eye-care products maker Alcon</div><div><p>The minority shareholders of eye-care products maker Alcon, Inc. have filed a class-action lawsuit to prevent Swiss pharmaceutical giant Novartis AG from completing a $39 billion takeover of the company.<...

Nestle takes giant US pizza slice, leaves Cadbury to Kraft

2010-02-23T01:00:01Z

<div><p>Swiss food giant Nestle bit off a big slice of the huge pizza market in North America on Tuesday, announcing the purchase of Kraft Foods' pizza business for 3.7 billion dollars (2.5 billion euros).</p><p>Kraft said it would use the entire proceeds from the deal to...

Nestle makes giant pizza strike, leaves Cadbury to Kraft

2010-02-23T01:00:02Z

<div><p>Food giant Nestle took a big slice of the giant pizza market in North America on Tuesday, announcing the purchase of Kraft Foods' pizza business for 3.7 billion dollars (2.5 billion euros).</p><p>But Nestle, cash rich and takeover hungry, revealed also that it was...

Nestle buys Kraft pizzas for $3.7 bln

2010-02-23T01:06:09Z

Alcon directors criticize Novartis takeover tactics

2010-02-23T01:51:59Z

<div><p>ZURICH (Reuters) - Alcon's independent directors have criticized a takeover bid from Novartis, saying the Swiss drugmaker is trying to circumvent protections for minority shareholders.</p><p>Novartis aims to buy the rest of eye-care group Alcon for $39.3 billion t...

Nestle buys Kraft pizzas, says no interest in Cadbury

2010-02-23T01:15:12Z

<div><p>Food giant Nestle took a big step up in the frozen pizza sector on Tuesday, saying it had bought Kraft Foods' pizza units in the United States and Canada for 3.7 billion dollars (2.5 billion euros).</p><p>Kraft said it w...

Kraft improves Cadbury offer after sale to Nestle

2010-02-23T01:43:52Z

<div><p>Kraft Foods Inc. improved its hostile takeover offer for British chocolate and gum maker Cadbury PLC after selling its North American pizza business for $3.7 billion to Nestle, which confirmed it would not make a rival bid.</p><p>Kraft said it woul...