Tech stocks had a strong 2017, but a couple ended out on a bit of a down note. We take a look at what might be in store for some of the biggest names in the industry. Apple shares were up 47 percent, but closed out with a mea culpa over its batteries and predictions that iPhone X sales may not be as strong as expected. Meanwhile Samsung is catching up in terms of profit and revenues. We watch for what the South Korean electronics giant expects for the fourth quarter. Facebook also had a strong year, despite concerns over fake news and EU regulations. Snap shares hope to turn around after a disappointing market debut. And will Tesla make its production goals? We break down the outlook.

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Nestlé dismisses CEO after he has relationship with a subordinate
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
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