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Sweet deal: Nestle sells US candy to Ferrero for $2.8 billion

2018-01-17 business.inquirer.net
Nestle said Tuesday it has agreed to sell its US candy business to Italy’s Ferrero for CHF 2.7 billion ($2.8 billion/P143 billion) in cash as the Swiss food giant shakes up its product portfolio.

News Live: All 14 types of Rs 10 coin valid, legal tender, says RBI

2018-01-17 moneycontrol
All the 14 designs of Rs 10 coin are valid and legal tender for transactions, the Reserve Bank said, amid reluctance by certain traders to accept the coins. "It has come to the notice of the Reserve Bank that in certain places there is reluctance on part of traders and members of public to accept Rs 10 coins due to suspicion about their genuineness," the RBI said while reiterating legal tender status of the coins of different designs. (15-1)

News Live: Tata Sons plans to raise $1.5bn via ECB, says report

2018-01-17 moneycontrol
Tata Sons, the holding company of the Tata group, is looking to raise up to $1.5 billion in external commercial borrowing (ECB) in the next few weeks, sources told Mint. It plans to use the funds partly to subscribe to the forthcoming rights issue of Tata Steel and also repay a part of the outstanding debt of Tata Teleservices (TTSL), which is in the process of merging with Bharti Airtel, sources said. (15-0)

News Live: Dolly Khanna sold 10 stocks in Dec quarter, portfolio soars 575% in 2017

2018-01-17 moneycontrol
Chennai-based value investor Dolly Khanna made a couple of changes in her portfolio during the December quarter. She reduced stake in 10 companies and increased in three others, which include GNFC, IFB Agro Industries and Rain Industries. Khanna has been investing in the domestic stock market since 1996 and her portfolio is entirely managed by her husband Rajiv Khanna. (4-0)

News Live: 7 out of 10 teens can use cellphone but not read basic text, finds study

2018-01-17 moneycontrol
More than seven out of 10 children in the age group of 14-18 years can use a cellphone, but cannot read basic text fluently in their language, says the Annual Status of Education Report (ASER). The report also says that females have reduced access to cellphones. While only 12% males have never used a cellphone, the corresponding number of females is much higher at 22%, it says. (4-0)

News Live: Deutsche Bank may sell Indian retail unit to IndusInd Bank

2018-01-17 moneycontrol
Deutsche Bank AG is in early talks to sell its retail operations in India, part of a previously announced plan to raise money through asset sales, sources told Bloomberg. The discussions, with Mumbai-based IndusInd Bank, are not exclusive and a decision isn’t imminent, sources said. A sale of the operations isn’t certain, sources added. (6-0)

News Live: Centre cuts additional borrowing to Rs 20K cr from Rs 50K cr earlier

2018-01-17 moneycontrol
Days before Budget 2018, GST Council set to cut rates on 70-80 items; simpler rules and procedures on anvil

News Live: Hitler’s wartime car is up for auction in the US

2018-01-17 moneycontrol
A "super Mercedes" parade car built for and used by Adolf Hitler during World War II is to be sold at auction on Wednesday, reports CNBC. The Nazi dictator's Mercedes-Benz 770 Grosser Offener Tourenwagen, which the US Army seized after the war, is one of just three in private hands. Only five models remain in existence. The German car is described by Worldwide Auctioneers, which will be selling it in Scottsdale, Arizona, as "the most historically significant automobile ever offered for public sale.

Ferrero buys Nestle' US candy business (4)

2018-01-16 ansa.it
(ANSA) - Turin, January 16 - Italian confectionery giant Ferrero on Tuesday bought the US sweets business of Swiss-based multinational Nestlé for $2.8 billion in cash. In 2016 Nestle's US operations generated a turnover of around $900 million. Nutella maker Ferrero will get more than 20 historic American brands, including iconic chocolate brands including Butterfinger, BabyRuth, 100Grand, Raisinets and Wonka.

Ferrero buys Nestle' US candy business (3)

2018-01-16 ansa.it
(ANSA) - Turin, January 16 - Italian confectionery giant Ferrero on Tuesday bought the US sweets business of Swiss-based multinational Nestlé for $2.8 billion in cash. In 2016 Nestle's US operations generated a turnover of around $900 million. Ferrero will get more than 20 historic American brands, including iconic chocolate brands including Butterfinger, BabyRuth, 100Grand, Raisinets and Wonka. It will also get exclusive rights on the Crunch brand in the US as well as on candy brands SweeTarts, LaffyTaffy and Nerds.

Nestle sells US candy business to Ferrero for US$2.9b - Channel NewsAsia

2018-01-16 channelnewsasia
GENEVA: Nestle said on Tuesday (Jan 16) it has agreed to sell its US candy business to Italy's Ferrero for CHF 2.8 billion (US$2.9 billion) in cash as the Swiss food giant shakes up its product portfolio.

Ferrero Near Deal to Buy Nestle's U.S. Chocolate Unit - Bloomberg

2018-01-10 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (14-0)

This Is How You Get Hooked on Pinterest

2018-01-04 preen.inquirer.net
Pinterest has been taking over the internet for the past couple of years and it’s probably going to stay that way for a while. YouTubers have made videos trying Pinterest hacks or dupes to see if they work. Refinery29 even came out with an article on 2018 trends according to Pinterest. If you’re not sure how you can use Pinterest boards in your everyday life, we’ve listed some possibilities for you to try.

U.S. regulator clears Nutella maker's acquisition of Ferrara Candy Co

2017-10-21 reuters
* The U.S. Federal Trade Commission has cleared the acquisition of Illinois-based Ferrara Candy Co by Italian confectionary group Ferrero, the regulator said in its website.

Nestlé exploring sale of U.S. confectionery unit - MarketWatch

2017-10-19 marketwatch
Nestlé SA put its U.S. confectionery business up for sale, looking to shed its Butterfinger and Crunch candy bars as it grapples with how to cater to U.S. consumers' increasing demand for healthy snacks. (16-0)