Warren Buffett, speaking last April at Coca-Cola Co.’s annual meeting, warned that the beverage giant shouldn’t get complacent about its success. Ten months later, those words could come back to haunt the company.
Teva Pharmaceutical Industries Ltd. and Procter & Gamble Co. agreed to combine their consumer-health businesses outside North America in a joint venture that aims to capture more of the $200 billion market for over-the-counter medicines.
McDonald’s Corp., the world’s largest restaurant chain, said sales at its established U.S. stores fell for the third straight month as severe weather and waning consumer confidence kept diners at home.
Trian Fund Management LP’s Nelson Peltz, the activist investor who owns stakes in PepsiCo Inc. and Mondelez International Inc., said yesterday the soft-drink maker should acquire Mondelez for as much as $67.8 billion.