business news in context, analysis with attitude

  • Nestle SA reported that its 2003 annual profit was the equivalent of $5 billion, down 18 percent from the previous year. Sales for the period also were off, down about $1.5 billion to the equivalent of $71 billion.

  • Tesco, the UK's biggest grocery chain, announced that it has sold more than $930 million worth of products online since it created the service in 1995.

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