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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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July 27, 2014
15:12 EDTNSRGY Hospira in talks to acquire Danone medical nutrition business, FT says
French consumer company Danone (DANOY) has been in negotiations to sell its medical nutrition business to Hospira (HSP) in a deal said to value the unit at $5B, says the Financial Times. The deal would also allow for U.S. based Hospira to domicile its tax base in Europe in a tax strategy known as an inversion, added the Financial Times. In prior reports, Nestle (NSRGY) and Fresenius (FMS) have also been mentioned as suitors for the Danone unit. Reference Link
July 18, 2014
06:41 EDTNSRGYNestle U.S. chocolate goals curbed by Lindt acquisition, Bloomberg says
Nestle, who usually aims to be first or second in all of its divisions, isnít even close in the U.S. chocolate candy industry, where the Swiss firm is shut-out by Mars and Hershey (HSY), reported Bloomberg. When Lindt & Spruengli finalizes its acquisition of Russell Stover Candies, Nestle will fall even deeper behind, by ranking fourth in the U.S. Reference Link

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