The largest overseas bet on Indian consumers is spurring speculation that companies from Nestle SA to Colgate-Palmolive Co. will pursue more deals in a nation where household income is forecast to triple this decade.
Dole Food Co. and Nestle SA’s Gerber unit are among food makers facing a trial in California today over accusations they violated a state law requiring them to warn consumers of unsafe levels of lead in baby food, fruit and juices.
Fresh Del Monte Produce Inc. won a reduction in a European Union cartel fine to 8.82 million euros ($11.4 million) while Dole Food Co. lost an EU court challenge against its 45.6 million-euro fine for rigging banana prices.
JPMorgan Chase & Co.’s efforts to hide trading losses, outlined in a Senate report yesterday, probably will ignite debate over whether the largest U.S. bank is too big to manage and ratchet up pressure on Chief Executive Officer Jamie Dimon to surrender his role as chairman.
Del Monte Foods Co.’s $5.3 billion sale to a group of private-equity firms led by KKR & Co. is the target of a U.S. Justice Department antitrust probe, a lawyer who sued over the deal said in a court filing.
Venezuela’s dollar-denominated bonds fell for a second day after President Hugo Chavez died and his deputy stepped in to run the country, South America’s biggest oil exporter. The cost of protecting its debt against non- payment rose.