Nestle SA
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European shares were higher in early afternoon trade on Wednesday despite preliminary growth data from the euro zone missing estimates.
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Sales growth at food group Nestle slowed to 4.3 percent in the first quarter, as demand in emerging markets slowed further and cold spring weather hit bottled water and ice-cream sales.
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German investor Joh A Benckiser (JAB) is to buy the owner of Douwe Egberts coffee in a 7.5-billion-euro ($9.8 billion) deal to create a global hot drinks empire.
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The "astonishing" growth of the middle class in emerging markets is benefiting General Mills and creating jobs in the U.S., CEO Ken Powell told CNBC's "Street Signs" on Thursday.
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The New Mexico company, Valley Meat, drew complaints over a two-year period from federal inspectors and state regulators over its disposal of remains when it processed cattle for beef. The New York Times reports.
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Norway's oil fund almost halved its exposure to UK and French government bonds last year while increasing it to debt from the US, Japan and Germany. The FT reports.
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The USDA is likely to approve a horse slaughtering plant in New Mexico in the next two months, which would allow equine meat suitable for human consumption to be produced in the United States for the first time since 2007. The NY Times reports.
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Low consumer confidence in Europe will remain a drag on profits for Nestle , chief executive Paul Bulcke told CNBC on Thursday after group said it expected 2013 to be as challenging as 2012.
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Paul Bulcke, CEO of Nestle, tells CNBC that he is confident of building on a 'broad base' of growth, despite Nestle reporting their slowest annual growth rate in three years on Thursday.
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Zoetis, the largest IPO of a U.S. company since Facebook, is showing strength.
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Pfizer's animal health subsidiary Zoetis raised $2.2 billion in its public offering on Thursday, becoming the largest IPO from a U.S. company since Facebook.
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The Crossroads Foundation is offering all Davos attendees an up-close and personal encounter with poverty through its 'Struggle for Survival' program.
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Jim Cramer notes that sometimes the best bull stories develop in out-of-the-way areas of the stock market.
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No reason has been given yet for the departure of founder and executive chairman George Zimmer, reports CNBC's Courtney Reagan. Zimmer has long been the face of the company.
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