European stocks finished the session slightly higher on Thursday, as investors remained cautious on the price of oil. » Read More
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.
The world's biggest food group Nestle said on Thursday it was selling its Jenny Craig weight management businesses in North America and Oceania to private equity firm North Castle Partners for an undisclosed sum.
Halloween candy sales are projected to top $2.3 billion, up 1 percent from last year.
Many companies continue to pick up the tab for CEOs' spouses who accompany them on business trips. USA Today reports.
"We end up buying things that had been disappointing for others," says Oakmark's Bill Nygren.
European equities closed narrowly higher on Thursday, with investors underwhelmed by U.S. lawmakers finally reaching a deal to lift the country's borrowing limit.
The short-term fix to the U.S. debt ceiling is a "starting condition" for Nestle's continued growth in America, the company's CEO told CNBC on Thursday.
Paul Bulcke, CEO of Nestle, explains that the group expects to achieve its guidance due to a combination of "real internal growth" and "softening" prices.
Nestle said still-weak emerging market demand and falling prices for its products in Europe slowed underlying sales growth to 4.4 percent in the first nine months of the year.