Standard Life Plc, Scotland’s biggest insurer, plans to cut 139 jobs at its U.K. unit as it switches away from selling traditional life-insurance policies.
Unilever ’s planned acquisition of Sara Lee Corp.’s shower-gel and European detergents business for 1.3 billion euros ($1.67 billion) faces formal objections from the European Union’s antitrust regulator.
Nestle SA ’s direct sales of Nespresso coffee capsules and Purina pet food have given the world’s largest foodmaker an edge in pricing.
Unilever , the maker of Dove soap, agreed to buy Alberto Culver Co. for $3.7 billion in cash to add VO5, Nexxus and TRESemme hair-care products in the company’s biggest purchase in a decade.
Unilever ’s planned acquisition of Sara Lee Corp.’s body-care unit is being scrutinized with “extra care” by the European Union, Joaquin Almunia , its antitrust commissioner, said today.
"It would not be appropriate to comment on the contents of our remedies proposal at this stage."
- Paul Matthews on Oct 21, 2010