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Stock Market & Financial Investment News

News Breaks
February 14, 2014
06:31 EDTLRLCY, NSRGYL'Oreal buys back 8% of its stock from Nestle, Bloomberg says
L’Oreal (LRLCY) agreed to buy back 8% of its stock from Nestle (NSRGY), which marks the first sale of the shares by the Swiss company, reported Bloomberg. L’Oreal and Nestle began a partnership in 1974 and Nestle will still own 23.3% of L’Oreal after the sale. Reference Link
News For NSRGY;LRLCY From The Last 14 Days
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August 30, 2015
18:54 EDTNSRGYNestle responds to 'slave labor' claims, AP says
In the wake of a U.S. class action lawsuit alleging that Nestle knowingly relied upon slave labor, the company commented that "forced labor has no place in our supply chain," reports the Associated Press, citing an emailed statement from Nestle. The Associated Press notes that Nestle's email didn't outright deny the claims. Reference Link

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