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.
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.
Suntory Holdings Ltd., the closely held Japanese whiskey and beer maker, agreed to buy Beam Inc. for $16 billion including debt to gain brands such as Maker’s Mark whiskey and create the world’s third-largest premium spirits 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.
Sysco Corp. agreed to acquire closely held US Foods for $3.5 billion, adding brands from Cattleman’s meat to Devonshire desserts, in the largest food-distribution deal in eight years in North America. The shares jumped the most in 2 1/2 years.