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Apache switching focus to growth after cost-cutting

February 24, 2017

Apache Corporation said yesterday it was switching its focus from cost-cutting to growth after a “very successful” 2016. In delivering its full-year results, Apache said it would have a capital budget of £2.5billion for 2017, up more than 60% compared to 2016. It will invest..

Morinaga snack, dairy makers to combine in 2018

February 24, 2017

Snack maker Morinaga & Co. and Morinaga Milk Industry will integrate around April 2018, teaming up to bolster research and development operations and share sales channels abroad, The Nikkei learned Thursday. The Japanese companies, which share a common origin but split decades ago, are expected..

France’s Bonduelle to buy California’s Ready Pac Foods

February 24, 2017

Bonduelle on Thursday said it struck a deal to buy Ready Pac Foods, a privately held California producer of fresh, prepared salads and other produce, in a move expected to significantly expand the French company’s U.S. presence. The purchase, which is subject to routine regulatory..

One more time: We’re not buying Valeant, Allergan CEO insists

February 24, 2017

Allergan CEO Brent Saunders has said it before, and he’ll say it again: He’s not interested in buying Valeant. He might “take five minutes” to think about a Bristol-Myers acquisition, though. When scouting targets, Allergan likes “things with pipeline and innovation,” he told Bloomberg Wednesday…