Cereal maker Kellogg Co's (K.N) chief executive officer is planning to meet with cookies and snacks maker United Biscuits Ltd (IPO-UNI.L) to discuss a possible 2 billion pound ($3.23 billion) offer for the British company, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Manufacturing
Danone decides on Mead Johnson as takeover target
French food giant Danone (DANO.PA), maker of Activia yogurt and Evian water, has decided it wants to pursue a takeover of U.S. infant formula maker Mead Johnson Nutrition Group (MJN.N), sources familiar with the matter told Reuters.
Intel gains a new ally in China's chip wars
Intel's investment of up to $1.5 billion in two fast-growing Chinese mobile chipmakers has effectively aligned the U.S. giant with a third party - a Beijing government intent on producing a viable domestic challenger to the likes of Qualcomm and Samsung.
Solvay wins contract to provide plastic for iPhone 6
Belgian chemicals company Solvay SA has won a contract to provide plastic for Apple Inc's latest smartphone iPhone 6 handsets, Bloomberg said on Monday.
Alcoa earnings beat forecasts, propelled by higher aluminum prices
Alcoa Inc (AA.N) reported a stronger-than-expected increase in third-quarter profit on Wednesday as higher aluminum prices and lower costs drove a recovery in its business unit that produces aluminum.
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Coca-Cola Co, facing criticism from Warren Buffett and other investors for its outsized employee share rewards, said it had adopted new guidelines that would limit its stock compensation plan and improve transparency.
Stout Risius Ross, Inc. (SRR) announced today that its client, Engineered Polymers Corp. ("EPC"), has been acquired by Imperial Plastics, Incorporated ("Imperial"), a portfolio company of Goldner Hawn Johnson & Morrison Incorporated ("GHJM"). SRR served as exclusive financial advisor to EPC in connection with this transaction.
Germany's defense industry lobby has warned that companies were looking into shifting production abroad in response to the country's restrictive arms export policy.
Workers at a Lear Corp plant in Indiana that makes parts for Ford Motor Co went on strike Saturday, according to the Chicago Tribune.
William Grant & Sons Ltd, the UK-based maker of Glenfiddich whisky and Hendrick's Gin, has acquired Drambuie for an undisclosed price, the company said on Monday.
The leading vodka brands in the United States are losing their buzz as craft distillers and other alcoholic drinks infringe on their turf.
U.S. August auto sales were the highest for that month in more than a decade, thanks in part to heavy discounting by the manufacturers and a strong Labor Day weekend close, with the industry selling at an annualized pace not seen since early 2006.
New orders for U.S. factory goods posted a record gain in July and auto sales last month accelerated to their highest level in 8-1/2 years, offering further bullish signals for the economy.
Premium car maker Audi expects to sell more than 1.7 million cars in 2014 even as sales momentum in some emerging markets slows, Chief Executive Rupert Stadler said.
