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China is using "concerted" probes of foreign baby formula, pharmaceutical and packaging companies to bolster domestic firms, according to observers.
July 10- Mead Johnson Nutrition Co said on Wednesday it will cut the price of its infant milk formula in China, becoming the latest company to take action in the wake of an investigation by Beijing into possible price-fixing and anti-competitive behavior.
At the heart of Illinois is Chicago, the nation’s third-largest metro area and home to world-class institutions including the Chicago Symphony and the Art Institute of Chicago.
Chinese authorities are investigating a possible price-fixing for infant formula milk, as consumers pay premiums for imported products on fears that local ones may be contaminated.
The toy, handmade in France from Malaysian rubber sap, is the rage for parents of toddlers the world over, including China. But the knobby chew toy is priced around $30 in China, nearly three times the price in France.
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*Danone's Dumex preparing a price cut proposal. HONG KONG, July 3- Swiss food company Nestle and French rival Danone are cutting the price of infant formula milk in China after Beijing launched an investigation into possible price-fixing and anti-competitive behaviour in the sector.
HONG KONG, July 3- Wyeth Nutrition, the infant formula company Nestle bought last year, is cutting its prices in China, the first such move since the country put five foreign infant milk formula companies under investigation for possible antitrust violations.
ZURICH, July 5- Wyeth Nutrition, the infant formula company Nestle bought last year, is cutting its prices in China after the country put five foreign infant milk formula companies under investigation for possible antitrust violations.
HONG KONG, July 3- Hong Kong shares could dip further from Friday highs on Wednesday after a volatile Wall Street session with turnover likely thin ahead of key U.S. data later in the week. On Tuesday, the Hang Seng Index ended down 0.7 percent at 20,658.7 after starting the day up 1 percent as Hong Kong returned from a three-day holiday weekend.
*Danone, Nestle, Mead Johnson, Abbott cooperating with investigation. SHANGHAI, July 2- Infant formula makers Nestle SA, Danone, Mead Johnson Nutrition Co and Abbott Laboratories confirmed on Tuesday that they are being investigated by China's top economic planning agency for possible antitrust violations.
*Danone, Nestle cooperating with investigation. *Danone shares down 1.6 pct, Nestle shares off 0.3 pct.
NEW YORK, June 13- The U.S. Supreme Court decision on Thursday to uphold patent protections for genetic material that has been changed in the laboratory but invalidate patents for purely natural DNA may seem like a partial setback for the biotech industry, but experts said it isn't: the industry has already moved on.
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Johnson & Johnson's stock has gained 22 percent on the year and trades at a higher P/E ratio than its competitors. It is not a good buy now, but a great hold, TheStreet.com says.
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U.S. stock index futures were lower Wednesday, pressured by some weaker-than-expected earnings and amid worries over global growth.