David Hayes News
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In kitchens across Switzerland, a supermarket retailer is staking a claim on the world’s biggest food company’s growth, one coffee capsule at a time.
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Nestle SA, the world’s biggest food maker, said full-year sales will be at the lower end of a forecast after reporting its slowest first-quarter revenue growth since 2009.
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The U.S. Interior Department is considering regulations for production of natural gas and oil from shale on federal lands, including required disclosure of the chemicals used and standards for water and wells.
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A proposal to increase royalty rates for energy production on federal lands isn’t imminent and won’t be included with President Barack Obama’s 2013 budget proposal this month, an administration official said.
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Nestle SA was rated “reduce” by Nomura Holdings Inc. and “underperform” by Bank of America Merrill Lynch, its first sell recommendations since April, because of concern that earnings growth won’t meet estimates.
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Danone SA , owner of the Evian and Volvic bottled-water brands, is talking with Japanese beverage makers about the sale of part or all of its water business, said three people with knowledge of the matter.
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Federal rules for fracking on public lands, set to be released in a few weeks, may serve as a model for states to get companies to disclose the chemicals used in the drilling process, an Obama administration official said.
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Linklaters LLP corporate partners David Holdsworth and Shane Griffin advised Dentsu Inc., the 111- year-old Japanese advertising company, on its purchase of Britain’s Aegis Group Plc in a 3.16 billion-pound ($4.9 billion) deal to create a global media and marketing network to challenge WPP Plc.
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Ethical Coffee Co. said French authorities seized 50 coffee capsules at two factories after a complaint by Nestle SA, which is battling to defend its Nespresso coffee unit from increased competition.
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The Obama administration pushed back by two years a sale of oil leases in Alaska’s Beaufort Sea to collect additional scientific information about the region, the Interior Department said.
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