Kraft Recalls Some American Singles Cheese

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Kraft Foods said it is voluntarily recalling 7,691 cases of certain varieties of its American Singles cheese product after a supplier failed to store an ingredient properly.

Russia Shuts 12 McDonald's

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The number of McDonald's restaurants shut down by Russia's consumer regulator continues to rise as tensions between Moscow and the West grow.

J&J, Bayer Aim to Expand Xarelto's Uses

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Johnson & Johnson and Bayer announced plans to launch clinical trials of the anticoagulant Xarelto against three new diseases in an ambitious bid to widen the market for a drug poised to exceed $1 billion in sales this year.

China Weighs New Gas Tax to Aid Electric-Car Effort

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China is weighing a new tax on gasoline to fund efforts to make electric cars more palatable to consumers, according to the chairman of electric-car maker BYD.

OSI Employees Arrested in China

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Six OSI Group employees were arrested in China, more than a month after authorities suspended the U.S. food company's operations, accusing one of its subsidiaries of selling expired products to fast-food companies.

Toys 'R' Us Loss Widens

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Toys 'R' Us posted a wider loss in its fiscal second-quarter as discounts took a toll on the bottom line, even as sales rose.

Dongfeng Motor's Earnings Surge

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China's Dongfeng Motor Group reported a 54% rise in first-half net profit, thanks to sales gains in its joint ventures with Japanese and French car makers.

Hermès Warns on Currencies

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French luxury-goods company Hermès International warned that currency shifts will continue to drag on its full-year profit margin, even though it recorded a rise in first-half profit and sales.

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