Nestle keeps sale threat on Perrier
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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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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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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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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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Takeover target Big Food Group says aggressive competition among food sellers has driven down second-quarter sales by 3.3 percent, sparking fears its suitor might drop its bid price.
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THE FRENCH government is siding with Nestle in a stand-off with France - s second-largest trade union over planned job cuts at Perrier and Nestle - s other French water brands.
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Cocoa traders face a volatile week as unrest in the Ivory Coast threatens to disrupt supplies from the world's biggest producer.
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The company has to confront concerns over genetically modified foods soon if it hopes to keep growing.
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Nestle , the world's largest food company, held merger talks with U.S. snacks and drinks conglomerate PepsiCo  earlier this year, but the project ran aground due to a number of complications, the Wall Street Journal Europe reported on Thursday.
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Australasian grocer Foodland Associated which owns major chains in New Zealand says the hostile takeover bid by rival Metcash is complex and risky, and is urging shareholders not to act on the $920 million bid.
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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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Business & money: Â· EC concern at company's grip on supply linesÂ· Russian state monopoly may be forced to divest
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The leading supermarket chain is still feeling the impact of its labor dispute.
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Southern supermarket keeps trying to turn around, but the stock still looks more like a value trap than a value play.
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Cadbury Schweppes says its plans to hive off its US drinks business will go ahead - even if it cannot find a buyer.
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Takeover target Big Food Group says aggressive competition among food sellers drove down second-quarter sales by 3.3 percent, sparking fears its suitor might drop its bid price.
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AstraZeneca's advertisements defending Crestor were criticized in part because concerns remain about the drug's safety.