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Stock Market & Financial Investment News

News Breaks
June 26, 2014
12:35 EDTNSRGYNestle U.S. frozen foods challenged, Washington Post reports
Nestle's U.S. frozen foods business is "challenged at the moment," Nestle USA's CEO Paul Grimwood said, according to The Washington Post. Consumers don;t understand that there are natural and fresh ways of freezing foods, the newspaper quoted Grimwood as saying. 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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