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In China, Nestle and Danone play it by the book

SHANGHAI (Reuters) - Swift responses from Swiss food company Nestle <NESN.VX> and French rival Danone <DANO.PA> to Beijing's announcement that it was investigating possible price-fixing of instant milk formulas are textbook examples of how firms should deal with such crises in China, exeFull story

China starts investigation into Tetra Pak 'dominance': state media

SHANGHAI/STOCKHOLM (Reuters) - China is investigating Swedish packaging giant Tetra Pak over the possible "misuse of its market dominance", state media reported on Friday, as authorities ramp up scrutiny of foreign firms in the world's No. 2 economy. Full story

Nestle cuts China infant formula prices amid probe

Nestle SA says it will cut infant formula prices in China by an average of 11 percent starting Monday in response to an investigation into alleged price-fixing by several foreign companies. Full story

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Nestle products are seen at a Nestle research and development center in Shanghai October 18, 2012. REUTERS/Carlos Barria

Freixe Nestle's Europe boss poses in the company headquarters after an interview with Reuters in Vevey
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Laurent Freixe, Nestle's Europe boss, poses in the company headquarters after an interview with Reuters in Vevey June 26, 2013. Food giant Nestle, one of Europe's biggest companies, is launching a plan to help 20,000 young people find work as the continent grapples with a youth unemployment crisis t

Members of the management of Swiss food maker Nestle arrive for the company's annual general meeting in Lausanne
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FRANCE-ANIMALS-LEMUR

An unnamed Greater Bamboo lemur , cub nestles in it's mother Sorja's clutch at the Besancon zoo in eastern France on May 30, 2013. There are estimated currently less than 600 of the species left in the wild. AFP PHOTO / SEBASTIEN BOZONSEBASTIEN BOZON/AFP/Getty Images

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Archie the baby anteater nestles with his mom, Armani, at the LEO Zoological Conservation Center in Greenwich, Conn.