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Nestle may reduce L'Oreal stake

The Swiss firm is focusing on paring its $30-bn stake because cosmetics don't fit its long-term nutrition and health strategy

Sony forecasts $1.1-bn loss as Hirai sells PC unit

World food prices drop to 19-month low

An index of 55 food items dropped to 203.4 points last month from 206.2 in December

Sony in talks to sell Japan PC unit

Sony, which reports third-quarter results tomorrow, posted second-quarter losses at the unit making PCs, cameras and televisions

Arabica coffee prices post biggest gain since 2004

Gates to don tech advisor hat instead of chairman's

Gates, who along with Paul Allen founded the company in 1975, was the first CEO

Manufacturing in US expands at slowest pace since May

Apple faces $840-mn claims over e-book deals

Microsoft investors say Nadella safe pick, glad search ends

Microsoft's board is preparing to make Nadella, the company's enterprise and cloud chief, its CEO, and is discussing replacing Gates as chairman

South Africa joins nations raising benchmark rate

Novartis profit drops on Swiss franc, emerging markets

Global oilseed output forecast raised by Oil World on soya bean, sunflower

Siemens' income jumps 21 per cent

Philips profit beats estimates

Ford sets profit records in key markets before busy year

Apple line-up reaching sales ceiling puts pressure on Cook

For its fiscal first quarter ended December 28, Apple Inc said it sold a record 51 mn iPhones, missing analysts' estimates of 54.7 mn handsets

India to prepare offshore wind plan: trade group

Apple exploring expansion of mobile payments

Microsoft posts record sales in Q2

RBI must retain goal of boosting growth, says FM