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Activist investor Daniel Loeb's Third Point LLC hedge fund on Sunday unveiled a more than one percent stake in Nestle SA and said the world's largest packaged foods maker needed to improve margins, buy back stock and shed non-core businesses. Third Point, which disclosed its Nestle position in a letter to investors, also said the food company should sell its 23 percent stake in French cosmetics firm L'Oreal. Third Point's roughly 40 million shares in Nestle would make it the company's eighth largest shareholder, according to Thomson Reuters data. Nestle was not immediately available for... [Read More]
* Activist investor third point llc says nestle should be able to improve margins by as much as 400 basis points... [Read More]
Russian billionaire Mikhail Fridman's fund L1 Retail has agreed to buy health food chain Holland & Barrett for about 1.8 billion pounds ($2.3 billion), according to a source familiar with the matter. [Read More]
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Russian billionaire Mikhail Fridman's fund L1 Retail has agreed to buy health food chain Holland & Barrett for about 1.8 billion pounds ($2.3 billion), according to a source familiar with the matter. [Read More]
Italy's center-right parties performed strongly in mayoral elections on Sunday, according to exit polls, in results likely to put pressure on the center-left government ahead of national elections due in less than a year. [Read More]
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New Zealand pay television provider Sky Network TV (SKT.NZ) on Monday said it was terminating the sales agreement to buy Vodafone's (VOD.L) local unit, a deal the country's competition regulator had ruled against. [Read More]
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Republican Senator Susan Collins of Maine said on Sunday she has extreme reservations about the U.S. Senate's healthcare overhaul and does not think it will be able to pass this week. Collins, a moderate Republican who has not taken a formal stance on the bill, said she was concerned it would cut Medicaid too deeply and said she wants to see an upcoming analysis by the Congressional Budget Office before making a decision. "I have very serious concerns about the bill," she said on ABC's "This Week" program. "It's hard for me to see the bill passing... [Read More]
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The insurance industry warned the British government of the dangers of flammable cladding on buildings a month before the Grenfell Tower fire killed at least 79 people, the Financial Times reported. [Read More]
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Iranian President Hassan Rouhani voiced support on Sunday for Qatar in its confrontation with Iran's rival Saudi Arabia and its allies, saying a "siege of Qatar is unacceptable", the state news agency IRNA reported. [Read More]
Nestle SA, is being... [Read More]
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USA-LGBT/PRIDE (PIX, TV):New York Pride marchers target Trump, San Francisco parties... [Read More]
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Italy began winding up two failed regional banks on Sunday in a deal that could cost the state up to 17 billion euros ($19 billion) and will leave the lenders' good assets in the hands of the nation's biggest retail bank, Intesa Sanpaolo. [Read More]
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The top Democrat on the U.S. House Intelligence Committee on Sunday criticized the administration of former President Barack Obama for not taking earlier and tougher action against Russia for its alleged hacks aimed at swaying the Nov. 8 election for Donald Trump. [Read More]
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A U.S.-backed Syrian coalition of Kurdish and Arab groups advanced against Islamic State in the jihadists' Syrian capital of Raqqa on Sunday, taking the al-Qadisia district, they said. [Read More]
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Anastasija Sevastova gave Latvian tennis another red letter day when she lifted the Mallorca Open title on Sunday a fortnight after Jelena Ostapenko became the surprise French Open champion. [Read More]
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U.S. teenage prospect Noah Lyles pulled out of the 200 metres semi-finals at the American trials on Sunday with a hamstring strain, ending his chance of competing in August's world championships in London. [Read More]
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Nestle SA (NESN.S), is being targeted by activist investor Daniel Loeb's hedge fund Third Point LLC, Bloomberg reported, citing people familiar with the matter. [Read More]
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Conservative activists held a pair of rallies in Washington on Sunday to decry the handful of celebrities who have joked about violence against President Donald Trump and to protest efforts to stop contentious speakers at colleges. [Read More]
Carmila, the property unit of Europe's largest retailer Carrefour (CARR.PA), announced on Sunday a capital increase of 557 million euros ($623.5 million) to fund its future expansion. [Read More]
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People in the Iraqi city of Mosul celebrated their first Muslim Eid holiday without Isla... [Read More]
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