beverages

Abbott Laboratories will release about 300,000 cans of a specialty infant formula for children in urgent medical need, while U.S. health regulators cleared the import of about 2 million cans of formula from the U.K. to try to mitigate a shortage. Abbott, of Abbott Park, Ill., said Tuesday it is releasing limited quantities of EleCare, an amino acid-based powder for infants with severe food allergies or gastrointestinal disorders. The company…

Oatly Group AB is lining up a successor to Toni Petersson, the chief executive who helped turn its oat milk into a global phenomenon and took the company public last year, according to people familiar with the matter.Last month, the Swedish company said it had hired as president Jean-Christophe Flatin, a food-industry veteran and former senior executive at candy giant Mars Inc. Mr. Flatin is seen as a likely eventual replacement for Mr. Petersson, the people said, adding that no change is imminent. Oatly GroupAB is…

Soon after Lizbeth Martinez set out to buy a house near her hometown of Cactus, Texas, she encountered a situation familiar to millions of Zillow-browsing Americans: few decent options.“There is nothing for sale,” Ms. Martinez said. “And, if it is, it is way out of my price range.” After months of searching, Ms. Martinez found an unlikely partner—her employer. The 21-year-old is an accounting clerk at a beef-processing plant in Cactus run by JBS USA Holdings Inc. She expects to close this summer on the…

Unilever tests the proposition with a push to bring purpose to its 400 brands. So far, investors aren’t encouraged. Unilever tests the proposition with a push to bring purpose to its 400 brands. So far, investors aren’t encouraged. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to…

Consumers, rejoice. This could be the year of clearances and deals. Retailers reporting earnings this week have seen a surge of inventory as they found themselves carrying too much stuff that consumers no longer want so much of, including basic apparel, home appliances and furniture. Ahead of last holiday season, retailers ordered with plenty of cushion in mind to prevent empty shelves. Now a so-called bullwhip effect could be in store.…

Investors have rebuked two dozen major U.S. companies over their executive-pay packages in nonbinding shareholder votes, sometimes by wide margins or for the second straight year.JPMorgan Chase & Co. and Intel investors owning roughly two-thirds of shares didn’t support pay plans at recent annual meetings. Coca-Colabarely won majority support with 50.5% of the vote this year. Investors have rebuked two dozen major U.S. companies over their executive-pay packages in nonbinding shareholder votes, sometimes by wide…

A nationwide baby-formula shortage has exposed the shortcomings of a multibillion-dollar government program aimed at providing formula at no cost to families, said lawmakers and recipients, prompting efforts to revamp it.Some low-income parents who rely on the federal Women, Infants and Children program said that shortages of approved baby formula have left them paying hundreds of dollars to purchase formula outside the program, while they navigate a patchwork of changes made to the WIC program in recent months in…

WASHINGTON—Democrats, responding to public anger over the baby-formula shortage, laid out plans for legislation and oversight hearings aimed at boosting supply and preventing a repeat of the problems that left store shelves empty in many locations.The House plans to vote Wednesday on the Access to Baby Formula Act, a bill that would give emergency authority to the WIC federal nutrition program to relax some non-safety-related regulations. Democrats also unveiled a bill to provide $28 million to the Food and Drug…

Nestlé SA NSRGY 0.41% said it would fly extra baby formula into the U.S. from Switzerland and the Netherlands as the Gerber owner looks to accelerate deliveries to alleviate a severe shortage across the U.S. The move comes after the Food and Drug Administration on Monday said it was encouraging overseas manufacturers to apply to ship their formula to the U.S., easing rules that had effectively prevented shipments from many such…

U.S. health regulators took steps to allow more foreign baby formula on American shelves, easing rules that had effectively prevented shipments from many overseas manufacturers.The Food and Drug Administration on Monday said it encouraged the overseas manufacturers to apply to ship their formula to the U.S. Government officials said the moves will allow more formula products to enter the U.S. baby market, which is dominated by Abbott Laboratories, ABT -0.15%…