Baxter International is to acquire Gambro AB, a dialysis product company based in Lund, Sweden, for 26.5 billion SEK (approximately $4.0 billion). The acquisition gives Baxter a comprehensive dialysis product portfolio.
Canadian dairy producer Saputo Inc. said that it has agreed to buy Morningstar, a subsidiary of Dean Foods Company, for $1.45 billion. The combined business will have approximately 12,000 employees and 57 manufacturing facilities in five countries.
Trader Joe's announced that there is a possibility that products with a production date of "305 12" may be contaminated with Listeria monocytogenes, and that it recalls 4,865 pounds of that frozen product.
Ford voluntary recalls 2013 Ford Escape SE and SEL models with the 1.6-liter engine and 2013 Ford Fusion SE and SEL with the 1.6-liter engine. The reason: engine overheating may cause fire. Contact your dealer as soon as possible.
Costco Wholesale Corporation reported net sales of $8.15 billion for November, an increase of nine percent compared to the similar period last year. The company will pay a special cash dividend of $7.00 per share.
ConAgra Foods announced that it will acquire Ralcorp Holdings, the largest manufacturer of private label food in the U.S. The transaction is valued at approximately $6.8 billion, including the assumption of debt.
French skin-care giant L'Oréal said today that it has signed the agreement with Castanea Partners to acquire Urban Decay, an American specialty make-up brand. The agreement is subject to regulatory approval and closing is expected by the end of the year.
According to IBM, US shoppers took advantage of early promotions this holiday season, driving a 17.4 percent increase in online sales Thanksgiving Day. The biggest surge came from mobile consumers, with sales reaching 16.3 percent, led by the iPad.