Morning jolt? Swiss find cocaine stash amid coffee bean bags
Read full article: Morning jolt? Swiss find cocaine stash amid coffee bean bagsSwiss police say an investigation is underway after workers at a Nespresso warehouse in western Switzerland came upon 500 kilograms (over 1,100 pounds) of cocaine, with a street value of $50 million, as they unloaded coffee beans that had arrived by train.
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High court backs Nestle, Cargill in child slave labor suit
Read full article: High court backs Nestle, Cargill in child slave labor suitThe Supreme Court has sided with food giants Nestle and Cargill and thrown out a lawsuit that claimed they knowingly bought cocoa beans from farms in Africa that used child slave labor.
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Nestle selling North American bottled-water brands for $4.3B
Read full article: Nestle selling North American bottled-water brands for $4.3BGlobal food giant Nestle is selling its North American bottled-water brands for $4.3 billion to a pair of private-equity firms that hope to reinvigorate sales. Swiss-based Nestle said it intends to sharpen its focus on its international premium water brands, including Perrier, S. Pellegrino and Acqua Panna, which were not part of the deal. The new owners, meanwhile, hope to boost the bottled-water brands, which have seen slower sales growth in recent years. AdU.S. bottled-water sales have grown every year since the 2009 recession, as health-conscious consumers have switched away from sugary soft drinks. AdIn Maine, home to Poland Spring, a water rights group is worried that the new owners will backtrack on agreements with local communities.
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Court could end claims Nestle, Cargill abetted child labor
Read full article: Court could end claims Nestle, Cargill abetted child laborThe Alien Tort Statute, adopted in part to deal with piracy claims, went unused for most of American history. In 2013, the justices ruled that people or entities sued under the Alien Tort Statute must have a real connection to the United States. Two years ago, the court held that foreign businesses cannot be sued under the law. In the current case, the American arm of Switzerland-based Nestle and the agribusiness concern Cargill are asking the court to rule out suits against U.S. companies as well. Cargill and Nestle say they have taken steps to combat forced child labor.
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Eskimo Pie no more: Ice cream owners will drop ‘derogatory’ name
Read full article: Eskimo Pie no more: Ice cream owners will drop ‘derogatory’ name(CNN) -- After nearly 100 years, Eskimo Pie ice cream will get a new name. "We are committed to being a part of the solution on racial equality, and recognize the term is derogatory," Elizabell Marquez, head of marketing for parent company Dreyer's Grand Ice Cream, told CNN in a statement. The chocolate-covered vanilla ice cream bar joins brands such as Aunt Jemima and Uncle Ben's in overhauling long-used names and marketing strategies considered racially offensive. Dreyer's Grand Ice Cream has been reviewing the business for some time, Marquez said. Nestle sold Dreyer’s and the rest of its US ice cream brands to Froneri, a joint venture with a private equity firm, in a $4 billion deal in 2019.
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The pandemic is changing how much frozen food we buy
Read full article: The pandemic is changing how much frozen food we buy(CNN) -- Pantry-loading has extended into freezer-stuffing in the pandemic, and that means frozen food items like Stouffer's Lasagna, Hot Pockets and Marie Callender's pies are flying off shelves. "It's a robust category that is getting the biggest trial event in its history," John Carmichael, president of Nestl Food Division, told CNN Business. People have been buying so much frozen food that they needed more places to stash the items. "Then I realized that I could in fact buy frozen food and expect it to last," Sandrin, 48, told CNN Business. I think frozen food was pretty stale five years ago, he said.