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Stock Market & Financial Investment News

News Breaks
February 13, 2014
06:17 EDTNSRGY, LRLCYNestle to reveal share buyback details after L'Oreal deal closes, Reuters says
Nestle (NSRGY) CFO Wan Ling Martello says the company will disclose details of a planned share buyback when the sale of an 8% share in L'Oreal (LRLCY) closes, reports Reuters.Reference Link
News For NSRGY;LRLCY From The Last 14 Days
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April 17, 2014
06:28 EDTNSRGYNespresso agrees to change commercial behavior in France, WSJ reports
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April 15, 2014
05:10 EDTNSRGYNestle confirms FY14 organic growth guidance around 5%
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05:08 EDTNSRGYNestle reports Q1 revenue CHF 20.8B vs. CHF 21.94B last year
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April 14, 2014
12:04 EDTLRLCYL'Oreal says Q1 results confirm confidence in full-year goals
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12:03 EDTLRLCYL'Oreal reports Q1 sales EUR5.64B vs. EUR5.77B a year ago
The company said, “L’Oréal has made an encouraging start to the year. The divisions have posted contrasted performances: L’Oréal Luxe and the Active Cosmetics Division are maintaining their very good momentum. The Professional Products Division is confirming its recovery and has returned to growth in Western Europe and the United States. The Consumer Products Division is, as we had forecast and announced, being held back by North America, because of a high comparison base in the first quarter of 2013, linked to two major launches, and a sluggish trend in the mass-market channel over the first few months of the year."
April 11, 2014
13:35 EDTNSRGYNestle chairman requires medical treatment
The Nestlé board of directors was informed yesterday that Peter Brabeck-Letmathe, chairman of the board, has been diagnosed with an illness which is curable but requires periodic medical treatment over the next six months. The company said that this does not affect Brabeck-Letmathe’s ability to carry out his role as chairman of the Nestlé board of directors and he will continue to fully exercise his duties during the treatment period. Reference Link
April 10, 2014
12:04 EDTNSRGYNestle says slowdown could spark sales of underperforming units, WSJ says
Nestle plans to continue to to sell underperforming divisions as part of its on-going product-and-brand review, according to The Wall Street Journal, citing comments from CEO Paul Bulcke. CEO Bulcke said, "We are looking at our product and brand portfolio and analyzing it through a sharper, stricter lens. We are making choices about where we want to invest, where we want to improve and areas we want to divest." Reference Link
06:04 EDTLRLCYYahoo hires Bobbi Brown to be editor-in-chief of beauty site, Re/code reports
Yahoo (YHOO) has hired Bobbi Brown, the creator of Bobbi Brown Cosmetics (EL), to be the editor-in-chief of its beauty site, Re/code reports, noting that several of Yahoo's big advertisers -- L'Oreal (LRLCY), Procter & Gamble (PG) and Unilever (UN, UL) -- are competitive with Bobbi Brown Cosmetics. Reference Link

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