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As shareholder. Nestlé owns 23.29% of L'Oréal, the world's largest cosmetics and beauty company, whose brands include Garnier, Maybelline, Lancôme and Urban Decay. Nestlé owned 100% of Alcon in 1978. In 2002 Nestlé sold 23.2% of its Alcon shares on the New York Stock Exchange.
Nestle is expanding manufacturing capacity in India and increasing investments — the company will invest between ₹60-65 billion ($723-783 million) from 2020 to 2025. On 16 February 2021, Nestlé announced that it had agreed to sell its water brands in the US and Canada to One Rock Capital Partners and Metropoulos & Co. The sale would ...
Salem Harbor Station was a 60-year-old power plant that was owned by Dominion of Virginia. With the approval of ISO New England, the 60-year-old coal and oil-fired plant closed for good in June 2014. The City of Salem was awarded a $200,000 grant from the Clean Energy Center prior to the closure of the plant.
Shares of the chipmaker climbed 3.5% to $135.58, lifting its market capitalization to $3.335 trillion, just days after overtaking iPhone maker Apple to become the second most valuable company.
At the conclusion of its third rate-setting policy meeting of the year on May 1, 2024, the Federal Reserve left the federal funds target interest rate at a 23-year high of 5.25% to 5.50%, marking ...
May 22, 2024 at 2:51 PM. Federal Reserve officials said at their last policy meeting that rates would likely stay higher for longer if inflation readings continued to disappoint, while some ...
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