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Stock Market & Financial Investment News

News Breaks
March 24, 2013
20:16 EDTNSRGYNestle announces voluntary recall of Kit Kat Chunky special varieties
In a statement on its website Nestle said: "As a precautionary measure, we have initiated a voluntary recall of four Kit Kat Chunky special varieties (48g size bars in Peanut Butter, Hazelnut, Chocolate Fudge and Caramel flavours) and Kit Kat Chunky Collection Giant Egg in the UK, Germany, Switzerland, Malta, Austria, Singapore, Philippines and Canada. The recall affects only the 48g size bars of the four special Kit Kat Chunky varieties listed above. No other Kit Kat product is affected." Reference Link
News For NSRGY From The Last 14 Days
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April 28, 2015
07:43 EDTNSRGYMead Johnson pushing for changes to WIC program, WSJ reports
The law authorizing the $6B per year WIC program providing food vouchers to women who are pregnant or have young children is up for renewal this year and formula makers, led by top U.S. maker Mead Johnson (MJN), are pushing for change, said The Wall Street Journal. Growth in the program has made it a money-losing venture for baby formula makers who essentially make no profit off formula sold to states as part of the program and Mead Johnson is pushing for changing eligibility requirements, thereby limiting or even shrinking the pool of recipients, the report noted. Other U.S. infant formula makers include Abbott (ABT) and Nestle (NSRGY). Reference Link

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