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Stock Market & Financial Investment News

News Breaks
June 4, 2014
12:40 EDTNSRGYNestle CEO projects FY14 organic growth close to 5%, WSJ says
Nestle CEO Paul Bulcke said the company will continue to cull underperforming brands from its portfolio as it deals with harsh global conditions and foresees FY14 organic growth of around 5%, according to The Wall Street Journal, citing Bulcke. 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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