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Nestle in sweet spot as coffee booms at home, restaurants reopen

Nestle in sweet spot as coffee booms at home, restaurants reopen
Corinne Gretler, Bloomberg News
The company birds nest logo sits carved in stone outside the Nestle SA headquarters in Vevey, Switzerland, on Thursday, Oct. 20, 2016.
, Michele Limina/Bloomberg
Nestle SA sales grew at more than twice the rate analysts expected as the Swiss food giant sold more Nespresso capsules to people working from home and restaurants in Asia stocked up as they started reopening.
The Hot Pockets maker is benefiting from the best of both worlds: people stuck at home buying coffee and convenience meals, and other markets reopening restaurants that need to replenish kitchen supplies. ....

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Credit Suisse Pain Isn't Likely to End With First Quarter Woes

Credit Suisse Pain Isn't Likely to End With First Quarter Woes
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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CN Rail Tops Rival With $30 Billion Offer for K.C. Southern

CN Rail Tops Rival With $30 Billion Offer for K.C. Southern
Bloomberg
1 hr ago
Anthony Palazzo and Derek Decloet
(Bloomberg) Canadian National Railway Co. offered $30 billion to snatch Kansas City Southern away from a rival, spurring a possible bidding war over one of the industry’s biggest deals in decades.
The $325-a-share bid consists of $200 in cash and 1.059 Canadian National shares for each share of Kansas City Southern, Montreal-based CN said in a statement Tuesday. Canadian National gave its offer an enterprise value of $33.7 billion.
The bid is about 20% higher than a $25 billion deal Kansas City Southern made with Canadian Pacific Railway Ltd. last month. ....

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CN Rail Chief Pounces While Kansas City Southern Is in Play

CN Rail Chief Pounces While Kansas City Southern Is in Play
Bloomberg
2 hrs ago
Thomas Black and Derek Decloet
(Bloomberg) Canadian National Railway Co. offered $30 billion to snatch Kansas City Southern from a rival, spurring a possible bidding war in one of the industry’s biggest potential deals in decades.
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The bid of $325 a share consists of $200 in cash and 1.059 Canadian National shares for each share of Kansas City Southern, Montreal-based CN said in a statement. Canadian National gave its offer an enterprise value of $33.7 billion.
Tuesday’s offer tops a $25 billion deal Kansas City Southern reached with Canadian Pacific Railway Ltd. last month. ....

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Dispute With Board Sees Absa Bank CEO Depart After 16 Months

Dispute With Board Sees Absa Bank CEO Depart After 16 Months
Bloomberg
1 hr ago
Roxanne Henderson
(Bloomberg) Absa Group Ltd. Chief Executive Officer Daniel Mminele is leaving South Africa’s third-largest bank after a dispute over strategy, ending a 16-month tenure just as the lender looked to bounce back from the Covid-19 crisis.
The board and CEO differed on a range of matters including “structure, operating model, priorities and how you go about implementing them,” Chairman Wendy Lucas-Bull said in an interview on Tuesday. “It’s a lack of ability to get onto the same page.”
Financial Director Jason Quinn will step into the top job on an interim basis, becoming the bank’s fourth leader in less than three years, Absa said in an earlier statement. ....

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