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Stock Market & Financial Investment News

News Breaks
February 14, 2014
06:31 EDTNSRGY, LRLCYL'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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February 27, 2015
09:58 EDTLRLCYOn The Fly: Analyst Initiation Summary
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06:02 EDTLRLCYL'Oreal initiated with a Neutral at HSBC
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February 24, 2015
09:27 EDTLRLCYL'Oreal USA issued FDA warning letter in February
The FDA warned L'Oreal USA that claims on its website rendered certain products drugs under the Federal Food, Drug, and Cosmetic Act and that introducing or delivering these products for introduction into interstate commerce for such uses violates the Act, according to the letter posted to the FDA website. Reference Link
February 22, 2015
17:31 EDTNSRGYNestle looks to boost productivity in Switzerland, Reuters says
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February 19, 2015
05:36 EDTNSRGYNestle aims to achieve organic growth of around 5%
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05:35 EDTNSRGYNestle reports FY14 organic growth of 4.5%
Nestlé'sFY14 organic growth was 4.5%, composed of 2.3% real internal growth and 2.2% pricing. Sales were CHF 91.6B, down 0.6%, impacted by negative foreign exchange of -5.5%. Acquisitions, net of divestitures, added 0.4% to sales.

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