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Police accuse bank robbery suspect of gobbling up note (with dashcam video)
Dad accused of forcing son into field, killing him
Man found dead in North Akron home is identified
Victim of beating in Kent last week is declared dead at Akron hospital
Coventry man killed in crash at I-77 ramp
Browns' roster nearly devoid of consistent players
College student mistaken for deer, shot to death
NFL star Chris Spielman's wife loses cancer battle
Blogs:
Pets:
Cat-loving chihuahua suckles seven abandoned kittens
The Heldenfiles:
Friday Night Notebook
Patrick McManamon:
For your Saturday entertainment …
Akron Zips:
Hitchens leads Zips in second-half comeback
Tribe Matters:
Seven players added to Tribe’s 40-man roster
Cleveland Browns:
Holmgren expresses interest in Browns position
Kent State Sports:
Kent State blown out in second half, loses to Temple 47-13
Cleveland Cavaliers:
Gameblog: Cavs vs. Philadelphia 76ers
Buckeye Blogging:
OSU – Michigan college football rivals meet in Baghdad
Varsity Letters:
Four area football teams play tonight
All Da King's Men:
Headed For Disaster
Blog of Mass Destruction:
Will Health Care Reform Pass?
Akron Law Café:
Health Care Financing Reform: (69) The Brookings Institute Study on "Bending the Curve" – Four General Strategies
See Jane Style:
Vintage Chic
Car Chase:
TIME TO GET YOUR COLLECTOR CARS WINTERIZED
Let's Talk Real Estate:
Silverdome Potentially SOLD!
Ohio Travels with Betty:
George is looking for a Thanksgiving buffet in Akron.
Sound Check:
Steely Dan Plays "The Royal Scam" at E.J. Thomas Hall
HRLite House:
Colloquium at University of Akron
Akron Gamer:
Nintendo's Mario endures even as games come and go
Nutrition unit keeps 10% sales-increase goal
By Thomas Mulier
Bloomberg News
Published on Tuesday, Jun 17, 2008
Nestle SA, the world's largest food company, maintained its goal of raising sales by between 5 percent and 6 percent a year over the coming decade.
The forecast excludes currency movements, acquisitions and asset sales for the Swiss-based company that has a Nestle Prepared Foods division based in
Solon.
Nestle said it also expects to improve operating profit as a percentage of sales each year, according to slides of a presentation posted Monday on its Web site.
Sales will gain 7 percent to 7.5 percent in 2008 on the basis of the 10-year forecast, beating long-range goals for a fourth year, Chairman Peter Brabeck-Letmathe said in April.
Nestle's nutrition unit also reiterated its goals of raising sales by 10 percent a year excluding acquisitions and reporting an operating-profit margin of at least 20 percent.
Nestle has built up the nutrition division with the $600 million purchase of weight-loss company Jenny Craig in 2006 and last year's acquisitions of drug maker Novartis AG's Gerber baby-food unit and its medical-nutrition division, which together cost $12 billion.
Jenny Craig now boasts a ''mid-double-digit'' operating-profit margin, wider than the prior ''high-single-digit'' level, Nestle said, adding that 2008 had a ''very strong start.''
The company forecast sales this year of $1.9 billion from health-care nutrition such as products for cancer patients. Revenue from infant nutrition will rise 67 percent from 2006, the company said.
Nestle posted the slides as investors were briefed on strategy at a two-day conference at its company headquarters.
Nestle SA, the world's largest food company, maintained its goal of raising sales by between 5 percent and 6 percent a year over the coming decade.
Get the full article here.
