Mead Johnson Nutrition Co (MJN.N)
17 Apr 2014
|Market Cap (Mil.):||$17,064.97|
|Shares Outstanding (Mil.):||202.07|
BOCA RATON, Fla., Feb 20 - Baby formula maker Mead Johnson Nutrition Group, which is investigating its business for possible illicit payments to hospital officials in China, has not found evidence of anything illegal, its chief executive said on Thursday.
SHANGHAI - In the two days after Lucy Yang gave birth at Peking University Third Hospital in August 2012, doctors and nurses told the 33-year-old technology executive that while breast milk was the best food for her son, she hadn't produced enough. They advised her instead to start him on infant formula made by Nestle.
HONG KONG - China's largest instant noodle maker Tingyi Holding Corp plans to form a joint venture with Wakodo, a unit of Japan's beer maker Asahi, to sell infant milk formula and baby products on the Chinese market.
SHANGHAI - Japan's Meiji Holdings Co Ltd said it would pull out of China's baby formula market, the first international firm to retreat from the market following a pricing crackdown and as Beijing moves to help local firms compete with foreign rivals.
Oct 24 - Mead Johnson Nutrition Co, the maker of Enfamil baby formula, reported a 15 percent increase in quarterly profit on Thursday and raised its full-year earnings forecast, but its shares fell amid continued concerns over a price-fixing probe by the Chinese government.
Oct 24 - Mead Johnson Nutrition Co, the maker of Enfamil baby formula, reported a 15 percent rise in quarterly profit, mainly due to strong volume growth in China and Hong Kong.