Steve Clayton

Unilever Sales Rise On Higher Prices

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Soft growth in North America, Europe and Brazil hurt sales at Unilever and Nestle, two of the world’s major consumer companies. But both firms said they expected to meet sales goals stated previously. Nestle reported organic growth of 2.3% in the first three months of the year, boosted by Asia and Africa. At Unilever, owner … Read more

Reckitt Finalizes Deal To Buy Mead Johnson For $16.6 Billion

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Reckitt Benckiser (RB. L) has agreed to buy U.S. baby formula maker Mead Johnson Nutrition (MJN.N) for $16.6 billion, giving the British consumer goods company a new product line and expanding its presence in developing markets. Reckitt, the maker of Lysol cleaners, Durex condoms and Mucinex cold medicine, said on Friday it will pay $90 … Read more