Nestle Reports Nine-Month Sales Unchanged
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Nestle, the world&#39;s biggest food and drink company, on Thursday reported sales of 64.6 billion Swiss francs (US$52.87 billion, euro42.
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The minister of economic and fiscal policy, Hiroko Ota, said there had been little change in price trends in January, after a report showed inflation slowed to zero percent for the first time since May. âPrices continue to be flat,â Ms. Ota said. Core consumer prices, which exclude fresh food, were unchanged from a year earlier, matching the median estimate of economists surveyed by Bloomberg News. Household spending climbed 0.6 percent in January, the statistics bureau said, the first increase since December 2005. Economists expected a 0.3 percent drop. The jobless rate was 4 percent, unchanged after the previous monthâs figure was revised from 4.1 percent, the agency said.
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Tesco PLC, Britain's largest supermarket chain, said Tuesday sales grew 9.6 percent in the 13 weeks ended Nov. 25, a performance slightly dimmed by falling prices for gasoline in line with the international oil market.
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A rebound of core producer prices in June despite a temporary reduction of energy costs according to a Labor Department report on Tuesday reinforced investors expectations for the Federal Reserve to hold interest rates unchanged to guard against inflation.
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Nestle, the world&#39;s biggest food and drink company, on Wednesday posted a first-half net profit of $2.28 billion, up 0.02 percent on the year-earlier figure of $2.03 billion.
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Nestle's profit growth is hampered by a summer of poor European weather and higher raw material costs.
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Campbell Soup Co. (CPB.N: Quote, Profile, Research) on Monday posted a better-than-expected 9 percent rise in profit, sending shares to a near three-year high, as heavy promotions and product improvements spurred soup sales.
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Nestle SA, the world's largest foodmaker, may buy baby-food company Gerber Products from Swiss drugmaker Novartis AG for as much as $5 billion, according to a published report.
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A sudden, measurable decline in market share in any product over the course of a few months says something, even if that product is one whose producer still holds about 90% of the market in question.
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Starbucks Corp.  on  Wednesday posted 16 percent quarterly profit growth but showed  its weakest monthly same-store sales rise in four-and-a-half  years, missing Wall Street estimates and sending shares down 9  percent.
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B&amp;G Foods Holdings Corp. fell flat in its trading debut Thursday, and shares were nearly unchanged from their reduced opening price in Friday afternoon activity as investors mulled mixed results from two other
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Yum Brands Inc. YUM.N on Monday   said sales at its U.S. fast-food restaurants open at least a   year were flat in the latest four-week period, beating Wall   Street estimates, as results improved at its Pizza Hut chain.
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VEVEY, Switzerland Aug. 18, 2004  Nestle SA posted a modest 2 percent increase in profits for the first half of the year as it faced such challenges as higher prices for raw materials like milk and coffee as well as cooler temperatures,which dampened ...
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SWISS food giant Nestle refused to rule out a sale of its flagging Perrier unit yesterday in an apparent attempt to pressure unions to give their blessing to a restructuring programme.
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Autozone&#39;s (AZO:NYSE - news - research) first-quarter sales and earnings were virtually unchanged from a year ago, held back by higher fuel prices that made car owners skittish.
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For the three months ending Sept. 30, Coke said it earned $935 million compared to a profit of $1.22 billion a year earlier. ATLANTA - The Coca-Cola Co.
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Limited Brands Inc  said on Thursday sales at stores open at least a year rose 1 percent in August, in line with the retailer's expectations, but it expects same-store sales to be flat in September.