NESTLE

World Market Update 22/03/2011

U.S. stocks surged on Monday as sentiment was buoyed after Japan made progress in its battle to control radiation leaks at a crippled plant, and AT&T announced that it will buy T-Mobile USA from German company Deutsche Telekom to create the largest mobile provider in the United States.

Nestle prefers investments over payouts: report

Nestle , the world's biggest food maker, prefers investments over payouts, its CFO told a German paper, adding that recent share buybacks had not limited the group's ability to make acquisitions.

Hedge fund Elliott rejects DuPont's Danisco bid

Elliott Associates, the $17 billion U.S. hedge fund, added its voice to demands that chemicals giant DuPont raise its $5.8 billion bid for Danisco, the Danish maker of food ingredients and enzymes.

The Top 5 MBA Destinations in Europe

European institutions received 85,262 score reports from people who took the GMAT® exam in testing year 2010 (July 2009-June 2010); we look at the top 5 countries in Europe that are attracting MBA aspirants from around the world.

Novartis wins Alcon with cash sweetener

Novartis AG wrapped up its long-awaited buyout of the remainder of U.S.-listed eyecare group Alcon Inc for $12.9 billion, after sweetening its original offer with cash.

Novartis Clinches Alcon In $12.9 Bln Deal

Swiss drug maker Novartis will pay $12.9 billion to buy the remaining shares of Alcon it doesn't already own to broaden its presence in the booming eye-care market, which is expected to outgrow the pharmaceuticals market in coming years.

PepsiCo Becomes Russia's Biggest Food, Beverage Co. With Wimm-Bill-Dann Buy

PepsiCo Inc. announced an agreement to acquire 66 percent of Russia's dairy and fruit juice company Wimm-Bill-Dann Foods for $3.8 billion to boost its base in key markets in Eastern Europe and Central Asia. Upon completion of the deal, PepsiCo will be around twice the size of its nearest food and beverage competitor in Russia.

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Scientists see risks and benefits in nano foods

In a taste of things to come, food scientists say they have cooked up a way of using nanotechnology to make low-fat or fat-free foods just as appetizing and satisfying as their full-fat fellows.
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Nestle and CSM caution over higher input costs

Food groups Nestle and CSM warned of a tougher second half due to rising costs but said price increases and forward buying will mitigate the impact of higher wheat and other commodity prices.
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Nestle sues Sara Lee over Nespresso patent

Nestle is suing U.S. food group Sara Lee in France for patent infringement of its Nespresso coffee system, the Swiss company said on Tuesday, aiming to protect its top-selling product.
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FDA warns Nestle, Gerber, others on food claims

Health regulators have warned units of Nestle and more than a dozen other foodmakers over nutritional claims made for baby food, nuts and other products on food labels and product websites, according to letters made public on Wednesday.
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