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Stock Market & Financial Investment News

News Breaks
July 1, 2014
05:51 EDTNSRGYNestle U.S. CEO cutting products to simplify operations, WSJ reports
Nestle U.S. head Paul Grimwood has cut the number of product variations by 43% since taking over year and a half ago in an effort to simplify operations, Wall Street Journal reports. Grimwood has also been eliminating businesses that no longer fit its strategy or are in weak categories, the paper adds. Reference Link
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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
July 10, 2014
09:31 EDTNSRGYNestle acquires rights to aesthetic dermatology products in the U.S. and Canada
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09:31 EDTNSRGYValeant completes filler, toxin asset sale to Galderma
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July 8, 2014
12:03 EDTNSRGYNestle completes acquisition of L'Oreal 50% stake in Galderma
Nestle (NSRGY) announced it has completed its acquisition of L'Oreal's (LRLCY) 50% stake in Galderma, as originally announced on February 11. Galderma will henceforth operate as the pharmaceutical arm of Nestle Skin Health S.A.

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