Skip navigation

Tim Hortons names new CEO; profit and stock drop

TORONTO (Reuters) - Tim Hortons Inc <THI.TO> named a long-time Nestle executive as its new chief on Wednesday, a job that will be no easy task given drooping demand at the Canadian coffee and doughnut chain and a push by a U.S. hedge fund for better returns. Full story

Savvy Europe bets propel Lipper international fund winners

NEW YORK (Reuters) - Europe's three-year macroeconomic crisis opened a window for savvy fund managers to snap up well-established European companies at cut-rate prices, a winning strategy that brought them honors in the Lipper Fund Awards for international equity funds. Full story

Oxfam slates AB Foods on development impact, praises Nestle

ZURICH (Reuters) - Associated British Foods scored lowest among 10 of the top food and beverage companies assessed for their social and environmental impact on poor countries, development group Oxfam said on Tuesday. Full story

Nestle buys U.S. medical foods firm Pamlab

ZURICH (Reuters) - Nestle has agreed to buy U.S. medical foods company Pamlab, the latest in a string of recent acquisitions as the world's biggest food group expands in health and nutrition. Full story

Italy finds no trace of horse DNA in Nestle mince meals

ROME/ZURICH (Reuters) - Italy's Health Ministry said on Saturday that tests had found no trace of horse DNA in minced beef meals by Swiss food giant Nestle that were removed from sale on Monday. Full story

Nestle withdraws pasta meals as horsemeat scandal spreads

ZURICH/LONDON (Reuters) - Nestle has removed beef pasta meals sold under its Buitoni brand from sale in Italy and Spain after finding traces of horsemeat, becoming the latest victim of a food scandal still spreading across Europe. Full story

Sponsored Links

Articles

Nestle sales growth lags rival, sees tough year ahead

advertisement | ad info

Related Photos

Archie
Archie

Archie the baby anteater nestles with his mom, Armani, at the LEO Zoological Conservation Center in Greenwich, Conn.

Members of the management of Swiss food maker Nestle arrive for the company's annual general meeting in Lausanne
Members of the management of Swiss food maker Nestle arrive for the company's annual general meeting in Lausanne

Members of the management of Swiss food maker Nestle arrive for the company's annual general meeting in Lausanne April 11, 2013. REUTERS/Denis Balibouse (SWITZERLAND - Tags: BUSINESS FOOD)

Shareholders arrive at Swiss food maker Nestle annual general meeting in Lausanne
Shareholders arrive at Swiss food maker Nestle annual general meeting in Lausanne

Shareholders arrive at Swiss food maker Nestle annual general meeting in Lausanne April 11, 2013. REUTERS/Denis Balibouse (SWITZERLAND - Tags: BUSINESS FOOD)

Boxes of baby food are seen in the company supermarket at the Nestle headquarters in Vevey
Boxes of baby food are seen in the company supermarket at the Nestle headquarters in Vevey

Boxes of baby food are seen in the company supermarket at the Nestle headquarters in Vevey February 16, 2012. REUTERS/Denis Balibouse