Doubt Over Perrier After Nestle Rejects Union Compromise
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The future of Perrier in France was in doubt again Tuesday after its parent company Nestle SA rejected a compromise with union leaders over job cuts, saying it did not go far enough.
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Australian prospector Midwest Corp  rejected a $1 billion-plus takeover proposal from its major shareholder, the Chinese commodities trader Sinosteel, emboldened by another big hike in iron ore prices this year.
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Scottish & Newcastle rejects a conditional 720 pence-a-share cash offer from Carlsberg and Heineken.
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Shares in dairy giant Dairy Crest Group have fallen more than 18 percent after supermarket chain Tesco said it no longer wants its fresh milk.
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The World Trade Organization on Monday rejected a US appeal against an earlier finding that supported Canada&#39;s wheat trade. The WTO appeals body upheld a February decision by its dispute settlement body, which
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Provenge supporters weigh in on an FDA decision.
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The French fizzy water in the green bottle is in trouble. Perrier, a source of domestic pride and one of the world's best-known brands, is caught in a labor dispute that smacks of a culture clash between old-world France against the New World Order.
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Coles Myer, the Australian retailer, rejected a $13 billion offer from buyout firms led by Kohlberg Kravis Roberts & Company as too low. The offer, 14.50 Australian dollars ($11.16) a share, Âsubstantially undervaluedÂ the company, said Coles MyerÂs chairman, Richard H. Allert. The bidding group, which includes Bain Capital and the Blackstone Group, wanted management backing for the offer, Mr. Allert said. Coles Myer, which is based in Melbourne, has about 35 percent of AustraliaÂs grocery market, and Woolworths, based in Sydney, has about 40 percent.
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Labor unions and three major supermarket chains in southern California expressed doubts on Monday about reaching an agreement on a new contract as a union-imposed deadline expires later this week.
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Labor and management have hit an impasse, which has included union threats of a strike over better working conditions, protection of health and other benefits.
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Business & money: The battle for control of J Sainsbury is expected to reach its denouement this week as crunch talks between Delta Two, the Qatari-backed investment vehicle, and the supermarket continue today.
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Struggling German department store owner, KarstadtQuelle, has rejected unions concessions over pay considered crucial to a successful restructuring of the firm.
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BRUSSELS, Jun 29 (IPS) - A major Belgian retail firm has been accused of  misleading its customers by implying that its sales of Malawian  sugar will benefit education projects in that country.
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Nestle confirmed its 2004 guidance on Tuesday, a day after competitors Unilever and Colgate-Palmolive cast doubts over the consumer goods industry&#39;s outlook by issuing profit warnings.
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THE Football Association today rebuffed Sir Alex Ferguson&#39;s call for action to be taken against Arsenal forward Robin van Persie over his alleged attempt to elbow Kieran Richardson during Manchester United&#39;s League Cup quarter-final victory at Old Trafford
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The French government pressured the country's second-largest trade union to resume talks with Swiss giant Nestle SA, backing a voluntary layoff plan that could avert a Perrier sell-off.
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France's finance minister intervened Friday in the standoff between Nestle SA and its French workers, inviting a top executive to discuss the Swiss food giant's plans to sell its Perrier bottled water unit.