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Stock Market & Financial Investment News

News Breaks
January 22, 2014
05:51 EDTNSRGYNestle signs research agreement with Singapore
Nestle has entered into a strategic partnership with the Singapore government's Agency for Science, Technology and Research, or A*STAR, with the goal of setting up global research programmes in food science and technology. The agreement will focus on areas such as nutrition, packaging, data analytics and also biotransformation - the use of natural processes, such as fermentation, to transform raw materials into ingredients with nutritional or functional benefits.
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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