Swiss food group Nestle SA may sell 10 to 15 percent of the $11.9 billion baby food business it is buying from Pfizer Inc to address antitrust concerns, Bloomberg News reported Monday.
Swiss food group Nestle is to buy drugmaker Pfizer's baby food business for $11.85 billion, beating out French rival Danone in the battle for dominance of fast-growing emerging markets.
U.S. stock futures pointed to a lower open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 falling 0.8 to 0.9 percent.
Nestle SA, the world's largest food group, said Monday that it has agreed to acquire children's food maker Pfizer Nutrition for $11.85 billion.
Nestle , the world's biggest food group, reported forecast-beating first-quarter organic sales growth of 7.2 percent on Friday as emerging market demand and price rises helped offset sluggish growth in the developed world.
Stocks were poised for a lower open on Wednesday after the S&P 500 notched its biggest gain in a month as investors digested another round of corporate earnings.
Stock index futures dipped on Wednesday after the S&P 500 tallied its biggest gain in a month and ahead of another round of corporate earnings.
Stock index futures pointed to a slightly lower open on Wall Street on Wednesday, with futures for the S&P 500, Dow Jones and Nasdaq 100 down between 0.1 percent and 0.2 percent at 6:47 a.m. EDT (1047 GMT).
Nestlé SA is expected to pay at least $9 billion to U.S. drugmaker Pfizer Inc. for the U.S. drugmaker's infant-nutrition business, the Wall Street Journal reported Tuesday.
Barry Callebaut , the world's largest maker of chocolate products, warned that markets in Western Europe and North America remained fragile as it reported a slight dip in first-half profits.
The Supreme Court rejected two patents on a method for monitoring a patient's blood to determine the best dosage for a drug, a decision that may affect the profitability of personalized medicine.
School districts will have the opportunity to opt out of the ammonia-treated beef filler commonly referred to as pink slime.
Since 2007 the FDA has been warning pet owners about products that have been causing dogs to become ill. The administration discovered that the number of complaints against a chicken jerky dog-treat product from China was once again rising in 2011. In their third caution since 2007, the FDA is continuing to investigate the illnesses as well as the origins. The FDA does acknowledge that not all of the reported illnesses may stem from the consumption of chicken jerky.
Within three months of the launch of the Internet pornography domain .xxx, 10 cases have been launched against Web pirates registering sites on it using the names of reputable companies and people, insiders said on Monday.
Starbucks Corp. (Nasdaq: SBUX), the world's biggest coffeehouse chain, plans to grab market share from Switzerland-based food giant Nestle SA in the area of instant coffee and increase the number of Starbucks stores in Germany to more than 1,000 from 150, the Financial Times Deutschland reported Friday.
U.S.-based Starbucks Corp is planning to strengthen its presence in Europe and grab market share from Switzerland's Nestle in the area of instant coffee, its chief executive told a German newspaper.
