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.
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.
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.
Mead Johnson Nutrition Co., maker of the world’s best-selling baby formulas, gained 3.8 percent after U.S. regulators said they hadn’t found a connection between infant illnesses and the company’s products.