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Amid thousands of pet illness complaints and an ongoing FDA investigation, PetSmart plans to pull the treats by March 2015.
The Chinese government has imposed new limits on foreign brands of milk powder and infant formula.
While stocks aren't as cheap as they were a year ago, Bill Nygren made four new portfolio additions.
European shares closed lower on Tuesday, as Ukraine worries and fears about slowing demand in China weighed on stocks.
Swiss food giant Nestle on Tuesday reported first-quarter sales below analysts' expectations as a stronger Swiss franc took its toll.
Paul Bulcke, CEO of Nestle, tells CNBC's Eunice Yoon how the Swiss food giant is joining forces with local milk farms and districts to grow its business.
Big dividend staple stocks have attracted investors with their bond-like characteristics. Now, they are showing their dark side.
Nestlé Chairman Peter Brabeck-Letmathe discusses the future for water sustainability, and the risks from rising demand for energy and food.
Nestlé announced Tuesday that it was voluntarily recalling two of its Hot Pockets products following a wider meat recall.
Paul Bulcke, CEO of Nestle, says the company has shown growth in Europe and the emerging markets, despite posting slowing sales growth in 2013.
Nestle shares fell on Thursday after the group announced lower-than-expected net profit for 2013 and guided for another "challenging year" in 2014.
L'Oreal stock rose on Tuesday morning as it announced that it would buy 8 percent of Nestle's stake in the cosmetic group and sell its stake in Galderma, reports CNBC's Stephane Pedrazzi.
L'Oreal will buy 8 percent of its shares from Swiss consumer goods group Nestle, boosting its earnings per share by more than 5 percent.
Sunday's vote in Switzerland has raised fears that the measure is the latest in a long list of reforms that could curb the country's business-friendly environment.
An effort by food and beverage companies to remove calories from the products they sell in the U.S. has far exceeded its five-year goal.
European equities closed lower on Tuesday as investors remained cautious over the timing of the Fed's reduction of its stimulus program.
The retail industry looms large in this week's market winners and losers, and considering it's Black Friday, no surprise there.
Despite high tax rates, states like New York and California remain alluring to the wealthy, topping the list of newly created multimillionaires.
Increased online grocery shopping presents a problem for producers of the candy, magazines and drinks.
Since 2005, food companies have eliminated over 73 percent of the transfats in their products.