Belgian brewing major Anheuser-Busch InBev is reducing its workforce and consolidating its sales division in the US, citing slump in sales volume. The move will affect employees from various divisions such as marketing and procurement, ...
Posted in Orthopedics by Nancy Crotti on November 18, 2014 Zimmer Holdings Inc. (ZMH) has agreed to extend the European Commission’s review of its pending $13.4-billion merger with Biomet, Inc. “by a limited number of ...
The acquisition of US Foods by food distributor Sysco is not likely to happen in the current year as expected and its talks to secure an approval from antitrust regulators are still going on. In December 2013, Sysco announced that it ...
Tags: food distributor, Federal Trade Commission, Agriculture
China-based Bright Food is seeking to list Weetabix Food, which it bought two years ago, in Hong Kong or London. The Wall Street quoted Bright Food vice president Ge Junjie as saying that it plans to list Manassen Foods Australia too ...
General Motors is planning to lay off around 510 workers from two of its Michigan assembly plants in the US. It includes around 160 workers from its Orion Facility while 350 people will be laid off from its Lansing plant where Cadillac ...
Tags: Orion Facility, layoffs, Auto
Diageo is in talks with Jose Cuervo to acquire the remaining 50% stake in Don Julio tequila, and in exchange offer its Bushmills whiskey assets. The company currently owns 50% stake in Don Julio. The take-over of the complete ...
The citizens of Berkeley in California have voted for additional tax on sugar-sweetened beverages, becoming the first city in the US to okay such a move. Berkeley voted 75.12% to 24.88% for a penny-per-ounce tax on sugar-sweetened ...
Tags: additional tax, sugar-sweetened beverages, Agriculture
Industrial & Commercial Bank of China (601398.SHA) will become a clearing bank for RMB transactions in Canada, The Wall Street Journal reported, citing a statement from China's central bank. The announcement comes one day after China and ...
Tags: ICBC, RMB Transactions, Service
Since Medtronic can’t dip into its considerable foreign cash reserves to buy Covidien, it plans to raise $16 billion domestically toward the $43 billion purchase. Wall Street is not pleased. In a filing late last week with the U.S. ...
Tags: Medtronic, Covidien, Medical Device
GE Lighting is making a play for the smart home market after it hosted a panel discussion on the Internet of Things and launched a quirky television commercial for its new smart lamp in the United States. Contrary to recent rumours that ...
Tags: GE Lighting, Smart Lamp
The toy head set can determine whether a player is hiding the truth by monitoring their emotional state. Japanese firm, Tomy Co. has revealed a world’s first in mind reading toys. The Tokyo-based toy company has announced its ...
Tags: Mind Scanner Toy, 'Read Your Mind', Toys
On Wednesday, after wee-hours bargaining that capped more than a decade of negotiations, Gazprom and China National Petroleum Corporation announced the signing of a 30-year gs-supply contract, estimated by the parties to be worth $400 ...
Tags: Metallurgy, Mineral, Energy
Bob Evans Farms' investor Sandell Asset Management said that at least six private-equity firms are eyeing the company's food business, BEF Foods. As reported in the Wall Street Journal, the potential bidders for Bob Evans include Spirit ...
Tags: Equity Firms, Food Business, Food
The Federal Trade Commission (FTC) is weighing an antitrust lawsuit against the $3.5bn merger of Sysco and US Foods which was announced in December. FTC has been investigating the proposed merger, which according to it, has the potential ...
Australian private equity firm Archer Capital is looking for a joint venture (JV) partner in Asia for its Brownes Dairy unit. As reported in the Wall Street Journal, the move comes in response to the dominance of retailers, which have ...
Tags: Archer Capital, Brownes Dairy, Food