From Bloomberg | Goldman Sachs analysts named a group of companies Friday that they said have at least a 30 percent chance of being sold in the next 12 months. The list includes Downers Grove-based Sara Lee Corp., Glenview-based Mead Johnson Nutrition Co. and Allergan Inc.
Mead Johnson
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Mead Johnson’s 3Q profit climbs 9%
Infant formula maker Mead Johnson Nutrition Co. said Thursday its third-quarter net income climbed 9 percent compared with the same quarter last year, when retailer inventory reductions dampened its sales.
The Glenview, Ill., company earned $106.1 million, or 52 cents per share, in the three months that ended Sept. 30, up from $97.6 million, or 48 cents per share, in the same quarter last year. Adjusted earnings were 57 cents per share.
FDA warns Mead Johnson about Enfamil package
The Food and Drug Administration warned Mead Johnson Nutrition Co. about the packaging for some of the company’s Enfamil infant formulas.
In a letter dated Oct. 18 that was posted to the agency’s Web site Tuesday, FDA said Mead Johnson didn’t give the FDA product specifications about a new plastic tub and lid used to store certain types of powdered Enfamil. Get the full story »
Mead Johnson to move some jobs out of Indiana
Glenview-based nutrition company Mead Johnson plans to move about 50 marketing and sales jobs currently in Evansville, Ind., to its Illinois location.
Chocolate formula spurs childhood obesity debate
By Julie Wernau |
A new formula for toddlers that comes in chocolate and vanilla flavors
is facing harsh criticism in the blogosphere by moms and nutritionists
who are calling the product an early road to childhood obesity.
“Is it really a good idea to get our kids hooked on all things chocolate
at the same time they’re learning to walk?” one blogger posted on
Momlogic.com.
“What’s next, genetically modifying moms to produce chocolate breast
milk?” wrote another.
