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In Hong Kong, baby milk smugglers from China top heroin traffickers
For border officials in Hong Kong, baby formula trumps heroin. Since the former British colony on March 1 restricted outbound travelers to two 2-pound cans each, a syndicate has been cracked and more...
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6.07.13: Canada’s ‘stunning’ jobs growth akin to U.S. adding 1 million...
Sign up for the Executive Summary email briefing to get the news delivered straight to your inbox first thing in the morning. Canada’s unpredictable labour market delivered another big surprise in May,...
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New ‘fat cat’, immigration rules put squeeze on Nestle’s Swiss operations
Nestle SA Chairman Peter Brabeck- Letmathe said new Swiss regulations on immigration and corporate governance pose challenges to the long-term strategy of the world’s largest food company. Brabeck...
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Lindt hits the sweet spot of the North American chocolate market with Russell...
When dark chocolate’s powerful antioxidant properties — believed to help reduce heart-disease and cancer risks — became widely known a decade ago, Lindt’s innovative darker varieties helped the...
View ArticleNestle accused of using fish harvested by slave labour in Fancy Feast cat food
Nestle SA was sued over claims that its Fancy Feast cat food contains fish from a Thai supplier that uses slave labour. The complaint against the Swiss food giant follows one last week accusing Costco...
View ArticleNestle SA upgraded to top pick by RBC as analysts pin hopes on new CEO
Nestle S.A. was upgraded to top pick in the food manufacturing sector at RBC Capital Markets, as its new chief executive Ulf Mark Schneider is seen having the opportunity to improve shareholder...
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Get ready for the ‘Day From Hell’ as $3 trillion of companies post earnings
If you think your Thursday looks bad, spare a thought for James Edwardes Jones. The RBC analyst is bracing for what he calls the busiest earnings day he’s experienced in about 20 years covering the...
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Delissio has a new automated Twitter bot that will answer your pizza questions
There’s a new bot in town, and it wants to help you with your pizza problems. Nestle’s Delissio pizza brand released the first Canadian-based food or beverage Twitter bot on Thursday. Users can go to...
View ArticleFive things you should know before you start your work day on Dec. 6
Good morning! Editor Nicole MacAdam (@nicole_mac1) here. A new report says Saskatoon has Canada’s most competitive business tax environment, Roots is eyeing a significant expansion, and the CBC...
View ArticleNestle sells U.S. candy unit to Nutella maker Ferrero for $2.8 billion in...
Nestle SA agreed to sell its U.S. confectionery unit to Ferrero SpA, the Italian maker of Nutella, for US$2.8 billion, in the first substantial step away from the candy industry by the company that...
View ArticleNestle bets $7 billion on Starbucks to revive its coffee sales
Starbucks Corp. is giving Nestle SA a shot at revitalizing its global coffee business. In the third-biggest transaction in Nestle’s 152-year history, the Swiss food giant will spend US$7.15 billion for...
View ArticleGet ready for the ‘Day From Hell’ as $3 trillion of companies post earnings
If you think your Thursday looks bad, spare a thought for James Edwardes Jones. The RBC analyst is bracing for what he calls the busiest earnings day he’s experienced in about 20 years covering the...
View ArticleNestle sells U.S. candy unit to Nutella maker Ferrero for $2.8 billion in...
Nestle SA agreed to sell its U.S. confectionery unit to Ferrero SpA, the Italian maker of Nutella, for US$2.8 billion, in the first substantial step away from the candy industry by the company that...
View ArticleNestle bets $7 billion on Starbucks to revive its coffee sales
Starbucks Corp. is giving Nestle SA a shot at revitalizing its global coffee business. In the third-biggest transaction in Nestle’s 152-year history, the Swiss food giant will spend US$7.15 billion for...
View ArticleNestle suffers setback in efforts to trademark shape of its KitKat chocolate bar
Nestle SA suffered a setback in its long-running attempt to get trademark protection for the shape of its four-fingered KitKat as the European Union’s highest court said more proof was needed that it’s...
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Big Food is the new Big Tobacco as report blames industry for obesity,...
Big Food is portrayed as the new Big Tobacco in a sweeping report that links the industry’s influence to a global obesity epidemic, along with malnutrition and climate change. The Lancet Commission on...
View ArticleIn Hong Kong, baby milk smugglers from China top heroin traffickers
Since Hong Kong on March 1 restricted outbound travelers to two cans of baby milk powder each, more people have been arrested for smuggling milk powder than were detained all of last year for carrying...
View Article6.07.13: Canada's 'stunning' jobs growth akin to U.S. adding 1 million...
Canada’s unpredictable labour market delivered another big surprise in May, piling on 95,000 jobs — the biggest monthly jump in 11 years — and pushing the unemployment rate down to its lowest level in...
View ArticleNew 'fat cat', immigration rules put squeeze on Nestle's Swiss operations
Caps on immigration may affect Nestle’s plans to add about 350 employees at a new factory, prompting CEO Peter Brabeck- Letmathe to express "concern" about the impact on the company's long-term strategy.
View ArticleLindt hits the sweet spot of the North American chocolate market with Russell...
A drive to broaden market share in so-called “healthy” and mass market chocolate is a prime motive behind Lindt & Sprüngli AG’s Monday purchase of Missouri-based Russell Stover Candies Inc.
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