Word of the Day

Exchange-Traded Fund

In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.

Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending on what the ETF is invested in.What do ETFs invest in? Well, they're typically linked to an index like the Dow Jones Industrial Average or the S&P 500. So, if you had an ETF that trades the same companies that make up the Dow or the S&P, it will rise and fall in value pretty much the same amount as the Dow or S&P.

You can also buy ETFs that invest in other types of products, like bonds, currencies, gold or other commodities. The ETF market has grown considerably in the past few years, so there is no shortage of ETFs to invest in.

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Monday, June 23, 2008

Nestle's New $360 Million Processing and Distribution Complex Nears Completion, an Industrial Info News Alert

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Comtex

SUGAR LAND, TX, Jun 23, 2008 (MARKET WIRE via COMTEX) ----Researched by Industrial Info Resources (Sugar Land, Texas) -- Nestle USA Incorporated (Glendale, California), a subsidiary of world-leading Food & Beverage company Nestle S.A. (SWX:NESN) (Vevey, Switzerland), is weeks away from starting production at its new manufacturing and distribution complex in Anderson, Indiana. The new facility will manufacture Nestle Nesquick Ready-to-Drink beverages and Nestle Coffee-Mate. The project is expected to generate 300 local jobs when all production lines become operational. The company is planning a grand opening this fall. Total cost of the project is estimated at approximately $360 million.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to foodgroup@industrialinfo.com or visit us at www.industrialinfo.com.