Pandora Media's CEO Tim Westergren to step down - Recode
June 25 Music streaming service Pandora Media Inc's founder and chief executive, Tim Westergren, plans to step down, Recode reported citing people familiar with the company's plans.
SAO PAULO, March 8 PepsiCo Inc has bid to acquire Brazilian dairy company Fábrica de Produtos Alimentícios Vigor SA, according to reports published in two Brazilian newspapers on Wednesday.
Valor Econômico reported, citing unnamed industry sources, that PepsiCo had made two bids, the second of which was around 6 billion reais ($1.9 billion), but said the current owner, J&F Investimentos Ltda, had not agreed on the value of a deal.
J&F, which also owns meatpacker JBS SA and wood pulp producer Eldorado Brasil Celulose SA, has sought competing bids from other companies such as French Group Lactalis, the controlling owner of Parmalat, according to Valor.
Newspaper O Estado de S. Paulo reported that Mexico's Grupo Lala SAB had also eyed the possible acquisition.
Representatives for PepsiCo, J&F, Lactalis and Lala did not immediately respond to requests for comment.
($1 = 3.14 reais) (Reporting by Ana Mano; Editing by Brad Haynes and Frances Kerry)
TOKYO, June 26 Japanese Trade Minister Hiroshige Seko said on Monday that Takata Corp's filing for bankruptcy was unavoidable given the severity of its product recalls.