Royal Bank of Canada hired Jonathan Golub from UBS AG as chief U.S. market strategist for its investment-banking unit, filling a role left vacant since Myles Zyblock’s April departure. The firm also added two former UBS analysts to cover the consumer industry.
Mead Johnson Nutrition Co., maker of the Enfamil baby formula, fell the most ever after Wal-Mart Stores Inc. pulled a batch of the powdered product after a newborn given it died. There is no evidence the second infant who was sickened was given the same formula, Mead Johnson said.
Diamond Foods Inc.’s investigation into whether money paid to walnut growers in September violated accounting rules has thrust Chief Executive Officer Michael Mendes into a role he’s unaccustomed to: Playing defense.
Kraft’s North American grocery business, which today will list on the Nasdaq Stock Market as an independent company, is starting life with a handicap: years of underinvestment in new products and marketing.