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WEATHER ALERT

12 advisories in effect for 12 regions in the area

NESPRESSO


No description available

Morning jolt? Swiss find cocaine stash amid coffee bean bags

Read full article: Morning jolt? Swiss find cocaine stash amid coffee bean bags

Swiss 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.

No description available

Nestl has $20 billion to spend

Read full article: Nestl has $20 billion to spend

Drew Angerer/Getty Images(CNN) - Nestl shareholders could be in for another $20 billion windfall if the maker of Nespresso and KitKat fails to find businesses worth buying. The company said in an earnings statement on Thursday that it could return as much as 20 billion Swiss francs ($20 billion) to shareholders between 2020 and 2022, primarily via share buybacks. Plans for another big cash handout follow share buybacks totaling 20 billion Swiss francs ($20 billion) between 2017 and 2019. Nestl reported sales growth of 3.7% for the first nine months of this year, in line with analyst estimates. The company expects sales growth of 3.5% and an increase in earnings per share.

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