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A new coffee importer is bringing back some old tastes with popular Yemeni coffee beans. Yahoo Finance’s Alexis Christoforous, Rick Newman, and Justine Underhill discuss why the coffee is so expensive.
Nestlé, the world’s biggest packaged-food company, may be cutting back on packaged food.
ZURICH/LONDON (Reuters) - Nestle's (NESN.S) plan to shore up its capital structure, announced only days after being thrust into the spotlight by activist shareholder Third Point, was received by investors as a precursor to bigger changes under the company's new leadership. Shares in the world's largest foodmaker rose as much as 2 percent on Wednesday, close to the record high touched on Monday after the New York-based hedge fund disclosed a $3.5 billion stake and urged Nestle to buy back shares, set a target for margin growth and shed non-core assets including its stake in L'Oreal (OREP.PA). It added that the measures were the result of a review instigated at the start of the year after Mark Schneider took over as chief executive.