|Day Low/High||50.69 / 51.20|
|52 Wk Low/High||41.77 / 51.21|
Dan Loeb's activist hedge fund, Third Point LLC, has renewed its push for changes at Nestle, with a new letter demanding "urgency - rather than incrementalism" in making assets sales and simplifying its business structure.
Warren Buffett has $116 billion in cash to spend on headline-grabbing deals. TheStreet's top editors and reporters serve up some companies the "Oracle of Omaha" should consider buying.
Swiss food giant Nestle delivers earnings that it says are below its own expectations, although still within the guided range. But it forecasts more encouraging growth in 2018 as it says it plans to keep its Gerber baby food business, while putting the Gerber life insurance unit up for sale and will not increase its stake in L'Oreal.
Buffett appears interested in investment opportunities, particularly bolt-on acquisitions.
Skin care giant Kiehl's is zeroing in on charity this holiday season.
JD.com surged in premarket after it reported sales on $19.1 billion on Saturday's Singles' Day, while Alibaba reported sales of $25.3 billion during the shopping festival.
Its total haul of $19.1 billion dwarfed rival Alibaba's $25.3 billion, however.
The French cosmetics giant beat sales expectations, boosted by strong growth in high-end brands and the success of its digital sales platforms.
Nestle's margin pressures come amid the slowest annual sales growth target in 20 years
Nestle confirms organic growth target ahead of CEO Mark Schneider's first Investor Day in London.
Bettencourt died Wednesday at her home in a suburb of Paris, confirmed by L'Oreal CEO Jean-Paul Agon. The cause of her death was not given.
Carrefour shares are leading European retail shares sharply lower
A Wall Street skincare regimen.
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It's a beautiful thing, and a beautiful time to buy.
Oppenheimer downgraded Ulta Beauty's stock Monday morning as sales concerns grow.
Nestle sees organic growth and sales slow amid activist campaign.
A Unilever-Kraft Heinz tie up could be on the cards.
Nestle shares rose to the top of the market in Switzerland Monday after reports that activist investor Third Point LLC is in regular dialogue with the world's biggest food company.
From Nestle to interest rates to a raise for the Queen here are the most read stories of the week
Nestle is expected to open higher Wednesday after the world's biggest food company said it would buyback around $21 billion in shares over the next three years.
The sale is subject to regulatory approval in Brazil and the United States.
Third Point hedge fund turns up the heat in Switzerland
U.S. stock futures point higher on Monday and European shares rise as Wall Street posts a slight rebound to end last week.
L'Oreal shares hit an all-time high in the first hour of trading Monday, after activist investor Third Point called for Nestle to sell its substantial stake in the company.
Nestle shares surged after activist investor Third Point revealed it had built a stake in the group and pressed for asset sales in increased buybacks.
Nestle could be the next European firm in the cross-hairs of a U.S. activist after Dan Loeb's Third Point hedge fund pressed it to shed assets and increase share buybacks.
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