Adidas AG said Wednesday its 4Q net profit slipped 63% due to higher sales and marketing expenses, but raised its 2011 sales forecasts amid improved economic conditions and its expansion in emerging markets. The world’s 2nd-largest sports-goods maker by revenue after Nike Inc. said net profit in the final 3 months of the year was [...]
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Burger King has been sold to private equity firm 3G Capital in a deal worth $4bn (£2.6bn). The $24-a-share agreement is 46 percent more than Burger King shares closed at on 31 Aug., the day before rumours of a deal surfaced and sent the shares soaring by 15 percent. Alex Behring, managing partner of 3G [...]
The FDA has issued six separate egg recalls in less than two weeks — which has been more than enough to shake consumer confidence. Fresh eggs being produced by farms at the heart of a massive recall are making their way to consumers via facilities that pasteurize the eggs, process them and rid them of [...]
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